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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0199%/8h= +21.8% APRnext payment +$0.25 per $10,000 · paid last 24h +0.047%
Price spread now: Reya against gTrade (Gains Network)−0.079%7-day average −0.034% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on Reya
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.134%+$13 on $10k
Price spread, last 7 days+0.020%+$2 · spread now −0.079%, 7d avg −0.034%
Together, before fees+0.154%+ Points / potential airdropReya: Active · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Reya is 0.045% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.034%). If the spread goes back, that is −$5 on $10k: about 18 hours of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ETH/USD2,729.6L +0.0007% / S −0.0006%pay 0.0001% / 1h56m 17s$28.0M—200x
ShortReya ETHRUSDPERP2,727.50.0205get 0.0026% / 1h56m 17s$7.3M$1.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$41.72
Price spread: −0.079% → −0.034%
−$4.51
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Reya: 3 bp × 2 orders
−$6
Net
$24.22
Costs to cover
0.130%
Break-even
2.9 days
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 3 min ago; Reya: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 3 min ago0.53 bp4.1 bp −$44.1 bp −$415.0 bp −$5018.9 bp −$4,457
Sell Reya no order-book sample—————
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0335%43m2,728.1−0.055%$288K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,726.3−0.122%$5K$1K50xas long as short
HTX ETH-USDT−0.0021%8h2,730.4+0.026%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,729.4−0.010%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,727.6−0.074%$814K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,728.6−0.036%$10.7M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0007% / S −0.0006%1h2,729.6long leg$28.0M—200x
Injective ETH/USDC PERP+0.0009%1h2,726.5−0.115%$117K$22.5M52xas long as short
BingX ETH-USDT+0.0030%8h2,729.5−0.006%—$1.14B—as long as short
Bybit ETHUSDT+0.0039%8h2,729.4−0.008%$2.36B$4.40B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0040%1h2,729.2−0.016%$186K$785K50xas long as short
Deribit ETH-PERPETUAL+0.0054%1h2,730.5+0.031%$258.5M$203.1M50xas long as short
SunX ETH-USDT+0.0058%8h2,728.7−0.034%$958K$11.1M100xas long as short
KuCoin ETHUSDTM+0.0065%8h2,728.2−0.051%$377.1M$576.0M100xas long as short
ApeX Omni ETHUSDT+0.0076%1h2,728−0.060%$8.7M$31.2M100xas long as short
Aster ETHUSDT+0.0078%8h2,729.4−0.008%$252.5M$842.9M200xas long as short
Aevo ETH-PERP+0.0080%1h2,727.5−0.078%$4.9M$155K20xas long as short
Bullet ETH-USD+0.0081%1h2,728.7−0.034%$177K$1.7M20xas long as short
Phemex ETHUSDT+0.0081%8h2,730.7+0.037%$264.4M$64.1M150xas long as short
Aftermath Perps ETHUSD+0.0083%1h2,728.6−0.037%$30K$20K20xas long as short
MEXC ETH_USDT+0.0083%8h2,728.4−0.044%$1.56B$2.55B500xas long as short
Binance ETHUSDT+0.0084%8h2,729.5−0.005%$6.33B$15.97B150xas long as short
OKX ETH-USDT-SWAP+0.0084%8h2,729.7+0.001%$1.67B$10.75B100xas long as short
Lighter ETH+0.0096%1h2,728.7−0.034%$112.0M$428.3M50xas long as short
Lighter RH ETH+0.0096%1h2,729.7+0.001%$23.4M$102.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,729−0.024%—$31.0M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,728.3−0.049%$500K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,730.1+0.017%$15.4M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,727.9−0.063%$13.7M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,730.6+0.034%$3.09B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,729.6−0.001%$31.8M$334.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,729.6−0.001%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,728.7−0.034%$1.5M$16.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,729.5−0.004%$3.33B$8.83B200xas long as short
Bitget ETHUSDT+0.0100%8h2,729.5−0.005%$2.08B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,730.5+0.030%$15.0M$42.7M50xas long as short
Variational Omni ETH+0.0100%8h2,726.2−0.125%$134.1M$323.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,726.1−0.128%$183.4M$673.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,727.4−0.081%$158.7M$87.2M50xas long as short
StandX ETH-USD+0.0100%1h2,730.2+0.021%$21.0M$73.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,729.7+0.003%—$846K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,729.7+0.003%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,729.8+0.006%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,730.9+0.048%$40.9M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,729.4−0.008%$54.4M$187.8M40xas long as short
Bulk ETH-USD+0.0100%1h2,726.9−0.098%$164.5M$309.8M25xas long as short
Extended ETH-USD+0.0104%1h2,728.8−0.032%$30.6M$73.8M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,730.4+0.029%$50.1M$4.28B50xas long as short
RISEx ETH/USDC+0.0108%1h2,728.6−0.036%$5.6M$11.7M25xas long as short
Kalshi KXETHPERP+0.0120%8h2,729.8+0.006%$6.4M$688.0M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,729.8+0.005%$83.0M$316.8M100xas long as short
Orderly PERP_ETH_USDC+0.0189%8h2,732+0.087%$32.1M$11.5M100xas long as short
Reya ETHRUSDPERPshort+0.0205%1h2,727.5−0.079%$7.3M$1.2M25x
Hibachi ETH/USDT-P+0.0232%1h2,732.3+0.099%$250K$1.4M20xas long as short
BloFin ETH-USDT+0.0332%8h2,730.6+0.036%$283.8M$174.7M150xas long as short