ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0082%/8h= −8.9% APRnext payment −$0.10 per $10,000 · paid last 24h −0.062%

Price spread now: gTrade (Gains Network) against Hibachi+0.006%7-day average −0.024% · 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−$17as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on Hibachi Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.060%−$6 on $10k

Price spread, last 7 days−0.026%−$3 · spread now +0.006%, 7d avg −0.024%

Together, before fees−0.086%+ Points / potential airdropHibachi: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.030% dearer against Hibachi than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.024%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi ETH/USDT-P	2,731.6	0.0088	pay 0.0011% / 1h	49m 10s	$241K	$1.4M	20x
Short	gTrade (Gains Network) ETH/USD	2,731.7	L +0.0007% / S −0.0006%	get 0.0001% / 1h	49m 10s	$33.0M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Hibachi. 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

Position, each leg$Hold fordaysFee HibachibpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.006%Rate

Funding earned: −$17.16
Price spread: +0.006% → −0.024%: $2.99
Slippage, 4 orders: −$4.42
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$34.59
Costs to cover: 0.204%
Break-even: never at this rate

Slippage from Hibachi: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hibachi live order book, 5 min ago	0.35 bp	6.4 bp −$6	10.7 bp −$107	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 5 min ago	0.53 bp	4.1 bp −$4	4.1 bp −$41	5.0 bp −$501	8.9 bp −$4,457

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	−0.0198%	8h	2,731.2	−0.014%	$263.2M	$63.8M	150x	as long as short
Perpl ETH	−0.0112%	43m	2,731.5	−0.004%	$277K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,730.8	−0.029%	$5K	$1K	50x	as long as short
BloFin ETH-USDT	−0.0015%	8h	2,731.2	−0.015%	$280.8M	$177.8M	150x	as long as short
Phoenix ETH	−0.0012%	1h	2,731	−0.021%	$806K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,731.6	+0.001%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,731.2	−0.014%	$10.5M	$41.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,731.6	+0.001%	$6.7M	$672.9M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,732	+0.016%	$264.7M	$218.8M	50x	as long as short
gTrade (Gains Network) ETH/USDshort	L +0.0007% / S −0.0006%	1h	2,731.7	+0.006%	$33.0M	—	200x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ETH-USDT	+0.0015%	8h	2,730.7	−0.031%	$1.05B	$1.21B	200x	as long as short
Bybit ETHUSDT	+0.0026%	8h	2,730.8	−0.029%	$2.32B	$4.31B	150x	as long as short
ApeX Omni ETHUSDT	+0.0037%	1h	2,728.2	−0.124%	$8.4M	$31.2M	100x	as long as short
01 Exchange ETHUSD	+0.0056%	1h	2,732.2	+0.023%	$191K	$883K	50x	as long as short
OKX ETH-USDT-SWAP	+0.0080%	8h	2,731.1	−0.019%	$1.66B	$10.74B	100x	as long as short
Aster ETHUSDT	+0.0086%	8h	2,731.3	−0.010%	$252.4M	$849.1M	200x	as long as short
KuCoin ETHUSDTM	+0.0086%	8h	2,731.4	−0.007%	$383.5M	$576.9M	100x	as long as short
Hibachi ETH/USDT-Plong	+0.0088%	1h	2,731.6	long leg	$241K	$1.4M	20x
SoDEX ETH-USD	+0.0093%	1h	2,731.1	−0.018%	$54.4M	$182.5M	40x	as long as short
MEXC ETH_USDT	+0.0093%	8h	2,731	−0.022%	$1.57B	$2.55B	500x	as long as short
Binance ETHUSDT	+0.0094%	8h	2,731.2	−0.015%	$6.31B	$16.07B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,731.6	0.000%	$112.5M	$400.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,733	+0.051%	$23.6M	$95.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,730.6	−0.036%	—	$30.5M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,728.6	−0.108%	$4.9M	$195K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,731.4	−0.007%	$501K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,734.9	+0.120%	$15.4M	$7.4M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,731.4	−0.008%	$14.1M	$102.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,733.5	+0.070%	$3.11B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,732.6	+0.037%	$32.0M	$332.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,731.3	−0.010%	$2.7M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,731.9	+0.011%	$1.6M	$16.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,727.1	−0.164%	$161.7M	$337.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,731.1	−0.019%	$3.30B	$8.22B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,731.2	−0.014%	$2.11B	$2.76B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,731.1	−0.018%	—	$1.06B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,731.4	−0.007%	$15.2M	$40.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,730.3	−0.045%	$131.3M	$316.0M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,727.1	−0.163%	$185.5M	$684.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,729	−0.096%	$158.7M	$80.6M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,730.5	−0.040%	$21.0M	$70.5M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,732.8	+0.046%	—	$441K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,732.2	+0.023%	$11.2M	$9.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,731.1	−0.016%	$178K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,731.6	0.000%	$20K	$23K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,732.5	+0.033%	$40.6M	$29.1M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,731	−0.023%	$946K	$10.6M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,730.4	−0.042%	$30.5M	$71.3M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,731.6	0.000%	$82.0M	$310.2M	100x	as long as short
Aftermath Perps ETHUSD	+0.0106%	1h	2,729.4	−0.080%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,732.3	+0.028%	$46.5M	$4.25B	50x	as long as short
RISEx ETH/USDC	+0.0137%	1h	2,732.2	+0.024%	$5.6M	$11.5M	25x	as long as short
Reya ETHRUSDPERP	+0.0175%	1h	2,730.5	−0.041%	$7.3M	$972K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0186%	8h	2,733.5	+0.069%	$32.2M	$11.2M	100x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,731.3	−0.010%	$117K	$19.3M	52x	as long as short