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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 03:00 UTC+0.0007%/8h= +0.8% APRnext payment +$0.01 per $10,000 · paid last 24h −0.048%
Price spread now: gTrade (Gains Network) against dYdX−0.033%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$360.363% of the position
Long on dYdXShort on gTrade (Gains Network)
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.262%−$26 on $10k
Price spread, last 7 days+0.013%+$1 · spread now −0.033%, 7d avg +0.012%
Together, before fees−0.249%−$25 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.045% cheaper against dYdX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ETH-USD2,740.40.0000pay 0.0000% / 1h4m 24s$10.8M$41.7M50x
ShortgTrade (Gains Network) ETH/USD2,739.5L +0.0007% / S −0.0007%get 0.0001% / 1h4m 24s$25.3M—200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against dYdX. 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
$1.52
Price spread: −0.033% → +0.012%
−$4.46
Slippage, 4 orders
−$19.31
Fee dYdX: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Net
−$39.24
Costs to cover
0.363%
Break-even
187.2 days
Slippage from dYdX: 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
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 5 min ago9.11 bp14.1 bp −$1414.1 bp −$14118.8 bp −$1,88043.5 bp −$21.7K
Sell gTrade (Gains Network) virtual book (oracle venue), 5 min ago0.53 bp4.0 bp −$44.1 bp −$415.0 bp −$5008.9 bp −$4,450

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
Hotstuff ETH-PERP−0.0080%1h2,739.9−0.018%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,735.6−0.174%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,739.3−0.041%$12.0M—200xas long as short
Perpl ETH0.0000%43m2,739.7−0.026%$303K$5.5M8.3xas long as short
dYdX ETH-USDlong0.0000%1h2,740.4long leg$10.8M$41.7M50x
gTrade (Gains Network) ETH/USDshortL +0.0007% / S −0.0007%1h2,739.5−0.033%$25.3M—200x
Phoenix ETH+0.0017%1h2,740.1−0.010%$846K$2.9M25xas long as short
01 Exchange ETHUSD+0.0024%1h2,739.3−0.039%$182K$836K50xas long as short
ApeX Omni ETHUSDT+0.0032%1h2,743.4+0.109%$8.8M$30.7M100xas long as short
BingX ETH-USDC+0.0054%8h2,738.3−0.075%—$18.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0068%8h2,738.4−0.072%$1.70B$10.54B100xas long as short
Bullet ETH-USD+0.0070%1h2,739−0.051%$181K$1.7M20xas long as short
KuCoin ETHUSDTM+0.0072%8h2,739.2−0.042%$381.2M$575.0M100xas long as short
RISEx ETH/USDC+0.0077%1h2,739.9−0.018%$5.6M$11.4M25xas long as short
SoDEX ETH-USD+0.0078%1h2,738.8−0.058%$54.5M$187.6M40xas long as short
Aster ETHUSDT+0.0081%8h2,739.1−0.048%$253.4M$840.9M200xas long as short
Aevo ETH-PERP+0.0088%1h2,738.2−0.079%$4.9M$154K20xas long as short
MEXC ETH_USDT+0.0091%8h2,739.1−0.047%$1.57B$2.57B500xas long as short
Binance ETHUSDT+0.0091%8h2,739−0.052%$6.37B$15.69B150xas long as short
Lighter ETH+0.0096%1h2,740.3−0.002%$112.6M$436.5M50xas long as short
Lighter RH ETH+0.0096%1h2,741.2+0.028%$24.6M$104.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,740.5+0.005%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,740.8+0.016%$54.3M$4.25B50xas long as short
HTX ETH-USDT+0.0098%8h2,738.9−0.056%$1.06B$1.18B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,743.5+0.115%$15.9M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,739.3−0.039%$476K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,739.1−0.048%$13.9M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,741+0.023%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,740.4+0.002%$31.7M$333.8M50xas long as short
Bybit ETHUSDT+0.0100%8h2,738.4−0.071%$2.44B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,739.8−0.021%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,740−0.015%$2.8M$16.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,739.7−0.024%$165.8M$302.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,739.1−0.048%$3.39B$8.79B200xas long as short
Bitget ETHUSDT+0.0100%8h2,738.9−0.053%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,739.5−0.031%$15.0M$39.3M50xas long as short
Variational Omni ETH+0.0100%8h2,739.1−0.047%$133.1M$325.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,741.3+0.032%$182.2M$666.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,743.7+0.121%$159.5M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,740−0.014%$21.2M$68.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,739.6−0.027%—$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,740.1−0.010%$10.9M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,740.3−0.004%$41.4M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,738.3−0.075%$959K$11.4M100xas long as short
Phemex ETHUSDT+0.0100%8h2,739.4−0.035%$266.2M$65.0M150xas long as short
Extended ETH-USD+0.0104%1h2,737.8−0.096%$30.7M$71.9M50xas long as short
Aftermath Perps ETHUSD+0.0133%1h2,742.5+0.077%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0159%8h2,740.3−0.003%$7.7M$671.5M4.9xas long as short
Deribit ETH-PERPETUAL+0.0181%1h2,740.5+0.003%$260.0M$195.3M50xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,740.9+0.018%$32.3M$11.4M100xas long as short
BloFin ETH-USDT+0.0211%8h2,738.6−0.066%$285.2M$179.2M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,740.2−0.008%$86.4M$310.1M100xas long as short
Reya ETHRUSDPERP+0.0226%1h2,738−0.086%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,740.7+0.013%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.0290%1h2,739.4−0.038%$21K$20K25xas long as short