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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 02:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h −0.026%
Price spread now: gTrade (Gains Network) against KuCoin+0.019%7-day average +0.012% · 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−$20as in the Price arb table
costs, in and out, $10k−$200.203% of the position
Long on KuCoinShort on gTrade (Gains Network)
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.039%−$4 on $10k
Price spread, last 3 days (all we have)+0.058%+$6 · spread now +0.019%, 7d avg +0.012%
Together, before fees+0.020%+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,751.50.0071pay 0.0071% / 8h6h 23m$379.4M$607.6M100x
ShortgTrade (Gains Network) ETH/USD2,752L +0.0006% / S −0.0006%get 0.0001% / 1h23m 05s$22.2M—200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against KuCoin. 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
−$13.67
Price spread: +0.019% → +0.012%
$0.64
Slippage, 4 orders
−$1.29
Fee KuCoin: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Net
−$33.31
Costs to cover
0.203%
Break-even
never at this rate
Slippage from KuCoin: live order book, 11 min ago; gTrade (Gains Network): virtual book (oracle venue), 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 11 min ago0.02 bp6.0 bp −$67.9 bp −$799.7 bp −$969doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 1 min ago0.53 bp4.0 bp −$44.1 bp −$415.0 bp −$5018.9 bp −$4,458

ETH on 54 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−0.0447%43m2,751.9+0.014%$312K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,752.1+0.023%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,752.1+0.023%$5.7M$11.4M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,752+0.018%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,752.8+0.048%$849K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,752+0.019%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDshortL +0.0006% / S −0.0006%1h2,752+0.019%$22.2M—200x
01 Exchange ETHUSD+0.0024%1h2,752+0.019%$181K$1.1M50xas long as short
ApeX Omni ETHUSDT+0.0033%1h2,752.6+0.043%$8.7M$31.5M100xas long as short
BingX ETH-USDC+0.0036%8h2,751.3−0.007%—$18.1M—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0047%8h2,751.6+0.003%$1.69B$10.98B100xas long as short
HTX ETH-USDT+0.0057%8h2,751.3−0.007%$1.07B$1.21B200xas long as short
Aster ETHUSDT+0.0071%8h2,751.7+0.008%$253.0M$857.1M200xas long as short
KuCoin ETHUSDTMlong+0.0071%8h2,751.5long leg$379.4M$607.6M100x
MEXC ETH_USDT+0.0079%8h2,751.5+0.003%$1.57B$2.56B500xas long as short
Aevo ETH-PERP+0.0080%1h2,749.2−0.083%$4.9M$168K20xas long as short
Binance ETHUSDT+0.0081%8h2,751.5+0.001%$6.37B$16.22B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,752.8+0.049%$59.2M$4.35B50xas long as short
Gate ETH_USDT+0.0093%8h2,752.2+0.026%$3.39B$8.89B200xas long as short
Bitget ETHUSDT+0.0093%8h2,752.3+0.029%$2.08B$2.84B150xas long as short
Lighter ETH+0.0096%1h2,751.9+0.017%$113.1M$443.3M50xas long as short
Lighter RH ETH+0.0096%1h2,753.4+0.070%$24.9M$107.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,751.8+0.013%—$35.5M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,756.5+0.183%$16.3M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,750.9−0.021%$478K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,751.4−0.003%$14.0M$112.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,753.8+0.086%$3.13B$2.10B25xas long as short
Pacifica ETH+0.0100%1h2,752.2+0.027%$31.6M$333.9M50xas long as short
Bybit ETHUSDT+0.0100%8h2,751.6+0.004%$2.46B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,750.9−0.021%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,752.3+0.030%$2.8M$16.5M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,751.1−0.015%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,753.3+0.066%$133.3M$345.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,751.6+0.005%$181.9M$701.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,753.9+0.090%$160.2M$83.2M50xas long as short
StandX ETH-USD+0.0100%1h2,751.2−0.010%$21.3M$67.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,752.7+0.045%—$869K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,752.4+0.034%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,751.6+0.003%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,751.7+0.009%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,753.4+0.070%$41.8M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,750.8−0.026%$964K$12.4M100xas long as short
SoDEX ETH-USD+0.0100%1h2,751.6+0.005%$54.8M$187.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,751.6+0.003%$267.5M$66.0M150xas long as short
Bulk ETH-USD+0.0100%1h2,751.8+0.012%$165.7M$300.7M25xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,751.1−0.013%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,750.9−0.021%$30.5M$73.6M50xas long as short
Deribit ETH-PERPETUAL+0.0135%1h2,753.1+0.058%$258.5M$199.9M50xas long as short
Kalshi KXETHPERP+0.0142%8h2,752.5+0.037%$7.8M$675.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0171%8h2,754.1+0.094%$32.4M$11.1M100xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,751.7+0.010%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,753+0.056%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0220%1h2,751.5+0.002%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0353%1h2,752.5+0.038%$89.5M$316.6M100xas long as short