Settings8H · net · $10k
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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 11:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%
Price spread now: Arcus against gTrade (Gains Network)+0.051%7-day average +0.025% · 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−$12as in the Price arb table
costs, in and out, $10k−$140.144% of the position
Long on gTrade (Gains Network)Short on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.100%+$10 on $10k
Price spread, last 7 days−0.057%−$6 · spread now +0.051%, 7d avg +0.025%
Together, before fees+0.042%+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Arcus is 0.026% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ETH/USD2,747.4L +0.0007% / S −0.0006%pay 0.0001% / 1h53m 56s$33.2M—200x
ShortArcus ETH-USD2,748.80.0100get 0.0013% / 1h53m 56s$1.5M$14.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against gTrade (Gains Network). 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
$19.62
Price spread: +0.051% → +0.025%
$2.63
Slippage, 4 orders
−$2.93
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
$7.82
Costs to cover
0.144%
Break-even
4.2 days
Slippage from gTrade (Gains Network): virtual book (oracle exchange), 3 min ago; Arcus: live order book, 3 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 gTrade (Gains Network) virtual book (oracle exchange), 3 min ago0.53 bp4.0 bp −$44.1 bp −$415.0 bp −$5008.9 bp −$4,444
Sell Arcus live order book, 3 min ago0.13 bp3.6 bp −$44.2 bp −$426.3 bp −$632doesn't fit

ETH on 54 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi ETH/USDT-P−0.0120%1h2,748.6+0.044%$235K$1.2M20xas long as short
Hotstuff ETH-PERP−0.0080%1h2,749.4+0.074%$5K$1K50xas long as short
Phoenix ETH−0.0023%1h2,750+0.096%$809K$2.8M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,747.4+0.002%$12.2M—200xas long as short
Kalshi KXETHPERP0.0000%8h2,748.2+0.030%$7.2M$661.1M4.9xas long as short
Perpl ETH0.0000%43m2,747.9+0.018%$269K$5.0M8.3xas long as short
Bybit ETHUSDT+0.0005%8h2,747.7+0.013%$2.37B$3.81B150xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0007% / S −0.0006%1h2,747.4long leg$33.2M—200x
ApeX Omni ETHUSDT+0.0024%1h2,748.5+0.041%$8.3M$25.3M100xas long as short
OKX ETH-USDT-SWAP+0.0068%8h2,747.3−0.001%$1.67B$9.24B100xas long as short
Show all 54 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0072%1h2,748.4+0.037%$182K$932K50xas long as short
Gate ETH_USDT+0.0083%8h2,748.1+0.027%$3.27B$7.68B200xas long as short
Aster ETHUSDT+0.0084%8h2,748.3+0.035%$258.0M$722.0M200xas long as short
KuCoin ETHUSDTM+0.0088%8h2,747.5+0.003%$365.1M$441.2M100xas long as short
Aevo ETH-PERP+0.0088%1h2,745.3−0.076%$4.9M$214K20xas long as short
MEXC ETH_USDT+0.0089%8h2,748.3+0.032%$1.60B$2.34B500xas long as short
Binance ETHUSDT+0.0090%8h2,748.1+0.027%$6.41B$14.06B150xas long as short
Lighter ETH+0.0096%1h2,748.1+0.026%$113.8M$383.5M50xas long as short
Lighter RH ETH+0.0096%1h2,749.2+0.066%$23.7M$94.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747.9+0.019%—$23.6M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,748.5+0.043%$46.2M$3.90B50xas long as short
Katana Perps ETH-USD+0.0100%8h2,747.4+0.001%$506K$3.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,747.5+0.005%$14.6M$96.0M50xas long as short
Pacifica ETH+0.0100%1h2,748.9+0.056%$32.4M$325.1M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,747.8+0.016%$2.8M$14.2M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,748.8+0.051%$1.5M$14.4M25x
Bulk ETH-USD+0.0100%1h2,749.3+0.069%$164.5M$330.2M25xas long as short
Bitget ETHUSDT+0.0100%8h2,748.6+0.044%$2.11B$2.30B150xas long as short
BingX ETH-USDC+0.0100%8h2,747.2−0.006%—$18.5M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,747.1−0.008%$14.9M$36.2M50xas long as short
Variational Omni ETH+0.0100%8h2,747.8+0.017%$132.6M$290.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,748.3+0.034%$185.2M$607.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,749.9+0.092%$159.9M$69.4M50xas long as short
StandX ETH-USD+0.0100%1h2,748.6+0.045%$21.1M$75.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,749.4+0.072%—$348K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,749.2+0.067%$11.3M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,747.6+0.008%$177K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,747.9+0.020%$20K$14K25xas long as short
SunX ETH-USDT+0.0100%8h2,747.8+0.015%$946K$8.6M100xas long as short
SoDEX ETH-USD+0.0100%1h2,747.7+0.012%$61.9M$121.8M40xas long as short
HTX ETH-USDT+0.0100%8h2,747.40.000%$1.05B$1.05B200xas long as short
Phemex ETHUSDT+0.0100%8h2,747.6+0.007%$264.0M$56.4M150xas long as short
Extended ETH-USD+0.0104%1h2,747.7+0.013%$30.5M$65.2M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,747.8+0.017%$82.5M$274.0M100xas long as short
Aftermath Perps ETHUSD+0.0106%1h2,748.7+0.050%$30K$8K20xas long as short
Deribit ETH-PERPETUAL+0.0110%1h2,748.9+0.055%$266.7M$185.3M50xas long as short
Reya ETHRUSDPERP+0.0157%1h2,746.8−0.021%$7.3M$832K25xas long as short
Orderly PERP_ETH_USDC+0.0174%8h2,750+0.094%$32.4M$9.9M100xas long as short
RISEx ETH/USDC+0.0206%1h2,748.9+0.054%$5.7M$10.6M25xas long as short
dYdX ETH-USD+0.0214%1h2,747.8+0.016%$15.2M$42.8M50xas long as short
Hyperliquid ETH+0.0250%1h2,750.6+0.118%$3.16B$1.73B25xas long as short
BloFin ETH-USDT+0.0360%8h2,748.9+0.057%$283.3M$149.9M150xas long as short
Injective ETH/USDC PERP+0.0461%1h2,751.5+0.150%$118K$21.7M52xas long as short
Paradex ETH-USD-PERP+0.0528%8h2,752.3+0.178%$16.0M$6.2M50xas long as short