ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0200%/8h= −21.9% APRnext payment −$0.25 per $10,000 · paid last 24h −0.038%

Price spread now: gTrade (Gains Network) against Reya+0.038%7-day average +0.031% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.121%−$12 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now +0.038%, 7d avg +0.031%

Together, before fees−0.094%+ Points / potential airdropReya: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ETHRUSDPERP	2,775.6	0.0206	pay 0.0026% / 1h	0m 14s	$7.4M	$1.2M	25x
Short	gTrade (Gains Network) ETH/USD	2,776.7	L +0.0006% / S −0.0006%	get 0.0001% / 1h	0m 14s	$22.4M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Reya. 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 ReyabpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.038%Rate

Funding earned: −$42.05
Price spread: +0.038% → +0.031%: $0.69
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$54.36
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 4 min ago. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) virtual book (oracle venue), 4 min ago	0.52 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$499	8.9 bp −$4,444

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0223%	43m	2,775.6	0.000%	$286K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0206%	1h	2,776	+0.013%	$5.6M	$11.9M	25x	as long as short
Injective ETH/USDC PERP	−0.0088%	1h	2,762.1	−0.487%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,776.3	+0.024%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0008%	1h	2,776	+0.014%	$168K	$1.2M	50x	as long as short
ApeX Omni ETHUSDT	−0.0007%	1h	2,775.8	+0.005%	$8.7M	$32.9M	100x	as long as short
dYdX ETH-USD	0.0000%	1h	2,777.3	+0.060%	$12.7M	$45.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,776.7	+0.039%	$8.1M	$689.2M	4.9x	as long as short
Phoenix ETH	+0.0003%	1h	2,776	+0.014%	$877K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USDshort	L +0.0006% / S −0.0006%	1h	2,776.7	+0.038%	$22.4M	—	200x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0021%	8h	2,775.3	−0.010%	$1.71B	$11.90B	100x	as long as short
Phemex ETHUSDT	+0.0023%	8h	2,775.5	−0.004%	$270.4M	$68.6M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,776.5	+0.031%	$12.9M	—	200x	as long as short
SoDEX ETH-USD	+0.0027%	1h	2,775.6	−0.001%	$55.3M	$228.8M	40x	as long as short
Bullet ETH-USD	+0.0032%	1h	2,775.6	+0.001%	$182K	$1.7M	20x	as long as short
Aftermath Perps ETHUSD	+0.0032%	1h	2,774.1	−0.053%	$29K	$22K	20x	as long as short
Aster ETHUSDT	+0.0036%	8h	2,775.7	+0.004%	$256.3M	$1.00B	200x	as long as short
Deribit ETH-PERPETUAL	+0.0045%	1h	2,777.2	+0.056%	$259.1M	$222.1M	50x	as long as short
MEXC ETH_USDT	+0.0056%	8h	2,775.6	−0.001%	$1.62B	$2.67B	500x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,773.4	−0.079%	$5.0M	$636K	20x	as long as short
Binance ETHUSDT	+0.0056%	8h	2,775.5	−0.006%	$6.47B	$17.29B	150x	as long as short
Bitget ETHUSDT	+0.0065%	8h	2,775.8	+0.006%	$2.11B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0067%	8h	2,775.8	+0.007%	$3.29B	$9.71B	200x	as long as short
KuCoin ETHUSDTM	+0.0080%	8h	2,775.7	+0.002%	$423.3M	$738.8M	100x	as long as short
Bybit ETHUSDT	+0.0087%	8h	2,775.6	0.000%	$2.51B	$4.62B	150x	as long as short
BingX ETH-USDT	+0.0088%	8h	2,775.8	+0.007%	—	$1.24B	—	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,777.3	+0.060%	$60.8M	$4.60B	50x	as long as short
Nado ETH-PERP	+0.0090%	1h	2,775.3	−0.012%	$14.4M	$118.2M	50x	as long as short
HTX ETH-USDT	+0.0095%	8h	2,775.7	+0.003%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,776	+0.012%	$115.3M	$502.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,777.6	+0.070%	$25.3M	$122.2M	50x	as long as short
Vest ETH-PERP	+0.0097%	1h	2,776.1	+0.016%	—	$1.1M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,776.2	+0.020%	$16.0M	$10.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,775.7	+0.003%	$483K	$2.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,778.3	+0.096%	$3.18B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,776.4	+0.027%	$31.3M	$316.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,775.4	−0.008%	$2.8M	$17.4M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,776.7	+0.038%	$2.7M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,769.4	−0.224%	$169.4M	$262.8M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,776.6	+0.034%	$15.1M	$44.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,773.8	−0.065%	$151.5M	$345.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,775	−0.023%	$182.2M	$785.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,770.2	−0.194%	$161.1M	$89.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,774.6	−0.037%	$21.5M	$58.7M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,776.1	+0.017%	$10.6M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,800.9	+0.912%	$22K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,778.2	+0.094%	$42.8M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,775	−0.022%	$974K	$13.9M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,775.1	−0.017%	$32.5M	$78.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,776.6	+0.036%	—	$43.8M	500x	as long as short
Kraken Futures PF_ETHUSD	+0.0123%	1h	2,777	+0.051%	$90.8M	$338.6M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0145%	8h	2,778.4	+0.098%	$32.7M	$12.2M	100x	as long as short
BloFin ETH-USDT	+0.0176%	8h	2,776.5	+0.031%	$287.4M	$193.9M	150x	as long as short
Hibachi ETH/USDT-P	+0.0192%	1h	2,776.3	+0.023%	$253K	$1.6M	20x	as long as short
Reya ETHRUSDPERPlong	+0.0206%	1h	2,775.6	long leg	$7.4M	$1.2M	25x