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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0268%/8h= +29.4% APRnext payment +$0.34 per $10,000 · paid last 24h +0.047%
Price spread now: Bluefin against gTrade (Gains Network)−0.022%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on Bluefin
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. Bluefin is 0.022% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$8 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ETH/USD2,728.8L +0.0007% / S −0.0007%pay 0.0001% / 1h38m 59s$26.8M—200x
ShortBluefin ETH-PERP2,728.20.0275get 0.0034% / 1h38m 59s$21K$20K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin 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
$56.37
Price spread: −0.022% → 0.000%
−$2.24
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
$40.14
Costs to cover
0.140%
Break-even
2.0 days
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), just now; Bluefin: no order-book sample. Net counts fees only.

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 venue), just now0.51 bp4.0 bp −$44.1 bp −$415.0 bp −$5018.9 bp −$4,452
Sell Bluefin no order-book sample—————
Bluefin: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0447%43m2,728.9+0.005%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,728.7−0.003%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,729.2+0.015%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,728.9+0.004%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,729.7+0.034%$10.7M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,728.7−0.003%$187K$842K50xas long as short
Phoenix ETH0.0000%1h2,728.8+0.001%$828K$2.9M25xas long as short
Bullet ETH-USD+0.0004%1h2,728.4−0.014%$180K$1.7M20xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0007% / S −0.0007%1h2,728.8long leg$26.8M—200x
Deribit ETH-PERPETUAL+0.0029%1h2,728.2−0.022%$260.1M$196.6M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0039%1h2,729.5+0.027%$8.9M$31.3M100xas long as short
SoDEX ETH-USD+0.0057%1h2,726.8−0.073%$54.3M$187.6M40xas long as short
BingX ETH-USDT+0.0059%8h2,728.2−0.022%—$1.14B—as long as short
KuCoin ETHUSDTM+0.0069%8h2,728.1−0.026%$380.0M$576.2M100xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,729+0.009%$1.67B$10.71B100xas long as short
HTX ETH-USDT+0.0075%8h2,726.5−0.083%$1.05B$1.20B200xas long as short
Aster ETHUSDT+0.0079%8h2,729+0.010%$251.3M$844.3M200xas long as short
Bybit ETHUSDT+0.0084%8h2,728.9+0.003%$2.39B$4.35B150xas long as short
MEXC ETH_USDT+0.0088%8h2,727.2−0.058%$1.52B$2.55B500xas long as short
Aevo ETH-PERP+0.0088%1h2,725.4−0.122%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0089%8h2,729.4+0.024%$6.34B$15.87B150xas long as short
Phemex ETHUSDT+0.0095%8h2,726.9−0.067%$265.0M$65.5M150xas long as short
Lighter ETH+0.0096%1h2,727.7−0.040%$112.2M$436.4M50xas long as short
Lighter RH ETH+0.0096%1h2,728.7−0.002%$23.2M$105.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,729+0.010%—$30.6M500xas long as short
Paradex ETH-USD-PERP+0.0098%8h2,732.4+0.133%$15.6M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,729.1+0.010%$5.6M$11.5M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,728.1−0.025%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,728.7−0.005%$13.8M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,730.2+0.052%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,730.1+0.049%$31.9M$334.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,728.2−0.021%$2.7M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,728.9+0.006%$2.8M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,728.2−0.020%$3.35B$8.84B200xas long as short
Bitget ETHUSDT+0.0100%8h2,728.2−0.022%$2.07B$2.75B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,727.7−0.039%$14.9M$39.7M50xas long as short
Variational Omni ETH+0.0100%8h2,729.3+0.018%$133.2M$325.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,730.8+0.074%$183.7M$669.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.6+0.067%$158.9M$86.8M50xas long as short
StandX ETH-USD+0.0100%1h2,729.7+0.034%$21.1M$69.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,730+0.045%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,730.4+0.059%$11.1M$9.1M50xas long as short
Derive ETH-PERP+0.0100%1h2,728.7−0.002%$41.2M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,728.1−0.027%$956K$11.4M100xas long as short
Bulk ETH-USD+0.0100%1h2,730.9+0.078%$166.8M$318.0M25xas long as short
Extended ETH-USD+0.0104%1h2,726.3−0.090%$30.4M$72.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,728.2−0.021%$51.5M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0125%1h2,731.2+0.089%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0150%8h2,729+0.008%$6.5M$678.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,729.7+0.033%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0222%1h2,728−0.028%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,727.7−0.039%$84.1M$313.9M100xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,732.4+0.133%$253K$1.4M20xas long as short
Bluefin ETH-PERPshort+0.0275%1h2,728.2−0.022%$21K$20K25x
BloFin ETH-USDT+0.0355%8h2,727.1−0.063%$282.6M$174.6M150xas long as short