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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h +0.026%
Price spread now: Vest against GMX+0.015%7-day average −0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on GMXShort on Vest
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.019%−$2 on $10k
Price spread, last 3 days (all we have)−0.109%−$11 · spread now +0.015%, 7d avg −0.011%
Together, before fees−0.128%+ Points / potential airdropVest: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Vest is 0.026% dearer against GMX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ETH/USD [ETH-USDC]2,766.9L +0.0028% / S +0.0009%pay 0.0003% / 1h34m 19s$13.1M—200x
ShortVest ETH-PERP2,767.30.0100get 0.0013% / 1h34m 19s—$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against GMX. 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
$15.14
Price spread: +0.015% → −0.011%
$2.59
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Vest: 1 bp × 2 orders
−$2
Net
$3.73
Costs to cover
0.140%
Break-even
5.3 days
Slippage unknown: GMX: no order-book sample; Vest: 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 GMX no order-book sample—————
Sell Vest no order-book sample—————
GMX and Vest: 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−0.0112%43m2,768.1+0.043%$289K$6.8M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1−0.030%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,767.9+0.035%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0064%1h2,767+0.003%$171K$1.2M50xas long as short
ApeX Omni ETHUSDT−0.0052%1h2,767.5+0.022%$8.8M$32.5M100xas long as short
Phoenix ETH−0.0023%1h2,767.2+0.010%$795K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,767.4+0.018%$5.8M$11.8M25xas long as short
dYdX ETH-USD0.0000%1h2,768.8+0.069%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,767+0.003%$22.3M—200xas long as short
Deribit ETH-PERPETUAL+0.0007%1h2,767.6+0.024%$258.4M$224.5M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0016%8h2,766.5−0.016%—$17.3M—as long as short
OKX ETH-USDT-SWAP+0.0021%8h2,765.7−0.043%$1.71B$11.84B100xas long as short
Aftermath Perps ETHUSD+0.0022%1h2,767.4+0.016%$29K$21K20xas long as short
Phemex ETHUSDT+0.0025%8h2,766.1−0.031%$266.2M$66.0M150xas long as short
GMX ETH/USD [ETH-USDC]longL +0.0028% / S +0.0009%1h2,766.9long leg$13.1M—200x
Aster ETHUSDT+0.0037%8h2,767.2+0.011%$255.8M$995.1M200xas long as short
MEXC ETH_USDT+0.0046%8h2,766.4−0.021%$1.62B$2.65B500xas long as short
Binance ETHUSDT+0.0046%8h2,766.2−0.025%$6.42B$17.20B150xas long as short
Aevo ETH-PERP+0.0048%1h2,764.1−0.102%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0065%8h2,766.4−0.020%$3.28B$9.61B200xas long as short
Bitget ETHUSDT+0.0073%8h2,765.8−0.042%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0083%1h2,766−0.033%$184K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,764−0.105%$140.6M$319.6M—as long as short
Lighter ETH+0.0096%1h2,766.5−0.016%$115.2M$511.6M50xas long as short
Lighter RH ETH+0.0096%1h2,767.9+0.035%$25.3M$122.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,767.7+0.029%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,767.9+0.037%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,766.8−0.005%$480K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,767.7+0.029%$14.7M$116.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,768.9+0.071%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,768.5+0.057%$31.2M$285.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,766−0.034%$2.50B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,767.7+0.028%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,769.4+0.090%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.5−0.050%$164.9M$254.7M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,766.6−0.013%$424.3M$741.1M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,768.1+0.042%$15.3M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,763.9−0.109%$177.7M$791.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,767.6+0.025%$160.9M$97.1M50xas long as short
StandX ETH-USD+0.0100%1h2,765.2−0.062%$21.4M$57.7M40xas long as short
Vest ETH-PERPshort+0.0100%1h2,767.3+0.015%—$1.1M50x
Polymarket Perps ETH-USD+0.0100%1h2,768+0.039%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,767.4+0.018%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,768.6+0.062%$42.6M$29.2M15xas long as short
SunX ETH-USDT+0.0100%8h2,765.3−0.057%$970K$14.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,765.9−0.037%$55.1M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,766.2−0.026%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,765.6−0.049%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,767.8+0.032%$60.0M$4.62B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,768.3+0.050%$8.6M$672.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0131%8h2,769.3+0.084%$32.5M$11.9M100xas long as short
BloFin ETH-USDT+0.0166%8h2,766.1−0.030%$285.7M$194.8M150xas long as short
Reya ETHRUSDPERP+0.0185%1h2,765.3−0.060%$7.5M$995K25xas long as short
Kraken Futures PF_ETHUSD+0.0241%1h2,767.3+0.014%$87.9M$329.5M100xas long as short
Hibachi ETH/USDT-P+0.0416%1h2,766.2−0.026%$280K$1.5M20xas long as short