ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h +0.024%

Price spread now: Bulk against gTrade (Gains Network)−0.027%7-day average +0.007% · 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−$19as in the Price arb table

costs, in and out, $10k−$150.151% of the position

Long on gTrade (Gains Network)Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.081%+$8 on $10k

Price spread, last 3 days (all we have)−0.023%−$2 · spread now −0.027%, 7d avg +0.007%

Together, before fees+0.059%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bulk is 0.034% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.007%). If the spread goes back, that is −$3 on $10k: about 29 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ETH/USD	2,771.3	L +0.0006% / S −0.0006%	pay 0.0001% / 1h	6m 43s	$22.4M	—	200x
Short	Bulk ETH-USD	2,770.6	0.0100	get 0.0013% / 1h	6m 43s	$164.9M	$252.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee BulkbpOrdersPrice spread, now −0.027%Rate

Funding earned: $19.7
Price spread: −0.027% → +0.007%: −$3.39
Slippage, 4 orders: −$1.12
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $1.2
Costs to cover: 0.151%
Break-even: 6.6 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 2 min ago; Bulk: live order book, 2 min ago.

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 gTrade (Gains Network) virtual book (oracle venue), 2 min ago	0.52 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$500	8.9 bp −$4,444
Sell Bulk live order book, 2 min ago	0.02 bp	3.5 bp −$4	3.5 bp −$35	3.5 bp −$352	5.5 bp −$2,748

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	−0.0112%	43m	2,770.8	−0.018%	$289K	$6.9M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,776.2	+0.177%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,772.5	+0.043%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0048%	1h	2,770.9	−0.014%	$171K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,772.2	+0.032%	$885K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,770.7	−0.023%	$5.7M	$11.9M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,770.4	−0.034%	$12.7M	$45.5M	50x	as long as short
Aftermath Perps ETHUSD	+0.0001%	1h	2,773.2	+0.067%	$29K	$22K	20x	as long as short
gTrade (Gains Network) ETH/USDlong	L +0.0006% / S −0.0006%	1h	2,771.3	long leg	$22.4M	—	200x
OKX ETH-USDT-SWAP	+0.0023%	8h	2,769	−0.085%	$1.71B	$11.88B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0028%	8h	2,770.6	−0.025%	$266.9M	$66.0M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,771.2	−0.002%	$13.2M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0031%	1h	2,770.9	−0.016%	$8.7M	$32.6M	100x	as long as short
Aster ETHUSDT	+0.0034%	8h	2,769.7	−0.059%	$256.2M	$995.7M	200x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,768.4	−0.105%	$5.0M	$636K	20x	as long as short
MEXC ETH_USDT	+0.0050%	8h	2,769.5	−0.065%	$1.59B	$2.69B	500x	as long as short
Binance ETHUSDT	+0.0051%	8h	2,769.5	−0.065%	$6.43B	$17.23B	150x	as long as short
Deribit ETH-PERPETUAL	+0.0064%	1h	2,772	+0.025%	$258.5M	$225.1M	50x	as long as short
Bitget ETHUSDT	+0.0076%	8h	2,769.4	−0.070%	$2.10B	$3.12B	150x	as long as short
Gate ETH_USDT	+0.0077%	8h	2,769.6	−0.062%	$3.28B	$9.70B	200x	as long as short
Bullet ETH-USD	+0.0079%	1h	2,770.5	−0.029%	$184K	$1.8M	20x	as long as short
Lighter ETH	+0.0096%	1h	2,770	−0.048%	$114.6M	$515.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,771.4	+0.003%	$25.3M	$123.3M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,773	+0.060%	—	$41.8M	500x	as long as short
Variational Omni ETH	+0.0097%	8h	2,770.2	−0.039%	$140.7M	$320.5M	—	as long as short
HTX ETH-USDT	+0.0098%	8h	2,770	−0.047%	$1.08B	$1.32B	200x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,770.8	−0.019%	$15.9M	$10.8M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,771.4	+0.004%	$485K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,772.1	+0.029%	$15.2M	$117.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,772	+0.025%	$3.19B	$2.39B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,771.7	+0.016%	$31.2M	$291.4M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,769.3	−0.071%	$2.51B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,770.9	−0.014%	$2.8M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,772.8	+0.055%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USDshort	+0.0100%	1h	2,770.6	−0.027%	$164.9M	$252.7M	25x
KuCoin ETHUSDTM	+0.0100%	8h	2,770.4	−0.034%	$422.0M	$742.4M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,769.5	−0.064%	—	$17.3M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,770.2	−0.040%	$15.4M	$42.9M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,770.8	−0.017%	$179.5M	$782.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,771.4	+0.005%	$161.2M	$97.3M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,773	+0.061%	$21.4M	$57.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,771.9	+0.020%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,772.2	+0.032%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,771.9	+0.020%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,772.8	+0.054%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,769.3	−0.072%	$971K	$14.1M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,770.1	−0.043%	$55.2M	$228.6M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,769	−0.082%	$31.4M	$75.4M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,771.7	+0.016%	$59.8M	$4.62B	50x	as long as short
Kalshi KXETHPERP	+0.0114%	8h	2,772.5	+0.043%	$8.5M	$674.3M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0135%	8h	2,773.4	+0.076%	$32.5M	$12.0M	100x	as long as short
BloFin ETH-USDT	+0.0171%	8h	2,770	−0.047%	$285.8M	$195.6M	150x	as long as short
Reya ETHRUSDPERP	+0.0185%	1h	2,770.5	−0.029%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,771	−0.009%	$86.3M	$331.2M	100x	as long as short
Hibachi ETH/USDT-P	+0.0464%	1h	2,774.3	+0.107%	$282K	$1.5M	20x	as long as short