Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 22:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h +0.032%
Price spread now: Bulk against Gate+0.073%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$220.221% of the position
Long on GateShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.064%+$6 on $10k
Price spread, last 7 days−0.083%−$8 · spread now +0.073%, 7d avg +0.010%
Together, before fees−0.020%−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bulk is 0.063% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ETH_USDT2,776.10.0073pay 0.0073% / 8h2h 18m$3.29B$9.67B200x
ShortBulk ETH-USD2,778.10.0100get 0.0013% / 1h18m 57s$165.4M$253.6M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$5.67
Price spread: +0.073% → +0.010%
$6.29
Slippage, 4 orders
−$0.07
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$10.11
Costs to cover
0.221%
Break-even
19.5 days
Slippage from Gate: live order book, 5 min ago; Bulk: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 5 min ago0.02 bp7.5 bp −$88.6 bp −$8612.1 bp −$1,20721.1 bp −$10.5K
Sell Bulk live order book, just now0.02 bp3.5 bp −$43.5 bp −$353.7 bp −$3745.0 bp −$2,507

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−0.0112%43m2,776.2+0.004%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,776.6+0.019%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.7+0.023%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,776.3+0.008%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,778.2+0.077%$859K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,776.2+0.003%$5.8M$11.7M25xas long as short
dYdX ETH-USD0.0000%1h2,776.5+0.014%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSD+0.0002%1h2,775.6−0.016%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,776−0.004%$22.4M—200xas long as short
Phemex ETHUSDT+0.0012%8h2,776.10.000%$267.3M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,775.3−0.027%$1.71B$11.91B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,776−0.003%$13.2M—200xas long as short
Aster ETHUSDT+0.0038%8h2,775.8−0.010%$256.7M$996.1M200xas long as short
ApeX Omni ETHUSDT+0.0040%1h2,777.7+0.058%$8.8M$32.6M100xas long as short
MEXC ETH_USDT+0.0048%8h2,776.1+0.001%$1.60B$2.68B500xas long as short
Aevo ETH-PERP+0.0048%1h2,775.3−0.028%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0049%8h2,776−0.003%$6.44B$17.24B150xas long as short
Gate ETH_USDTlong+0.0073%8h2,776.1long leg$3.29B$9.67B200x
Bitget ETHUSDT+0.0074%8h2,775.6−0.018%$2.10B$3.13B150xas long as short
Deribit ETH-PERPETUAL+0.0081%1h2,777.7+0.059%$258.5M$225.0M50xas long as short
Bullet ETH-USD+0.0082%1h2,775.9−0.006%$184K$1.8M20xas long as short
Variational Omni ETH+0.0096%8h2,776.8+0.025%$141.1M$320.7M—as long as short
Lighter ETH+0.0096%1h2,776.6+0.019%$115.2M$514.5M50xas long as short
Lighter RH ETH+0.0096%1h2,778+0.070%$25.4M$122.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.10.000%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,776.10.000%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.4+0.012%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,776.3+0.007%$15.3M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,778.3+0.080%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,776.6+0.019%$31.3M$289.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,775.3−0.028%$2.51B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.7−0.013%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,777.9+0.067%$2.8M$17.4M25xas long as short
Bulk ETH-USDshort+0.0100%1h2,778.1+0.073%$165.4M$253.6M25x
KuCoin ETHUSDTM+0.0100%8h2,776.2+0.004%$422.8M$742.0M100xas long as short
BingX ETH-USDC+0.0100%8h2,775.4−0.026%—$17.4M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.5+0.014%$15.4M$42.8M50xas long as short
edgeX ETHUSDC+0.0100%4h2,777.5+0.052%$178.5M$793.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777+0.035%$161.6M$97.3M50xas long as short
StandX ETH-USD+0.0100%1h2,777+0.034%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,776.8+0.027%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.4+0.048%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,776.8+0.026%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.4+0.084%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.2−0.031%$973K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,776.1+0.001%$55.3M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,775.7−0.013%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,775.6−0.015%$31.4M$75.9M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,777.9+0.067%$60.1M$4.63B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,777.2+0.041%$8.5M$674.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0133%8h2,778.8+0.099%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0169%8h2,776.10.000%$284.2M$195.8M150xas long as short
Reya ETHRUSDPERP+0.0183%1h2,775.9−0.006%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,777.2+0.042%$86.6M$330.7M100xas long as short
Hibachi ETH/USDT-P+0.0440%1h2,778.5+0.089%$283K$1.5M20xas long as short