Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

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
My alerts

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.

Funding you earn now, next payment 04:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%
Price spread now: Bullet against gTrade (Gains Network)−0.043%7-day average +0.006% · 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−$24as in the Price arb table
costs, in and out, $10k−$190.187% of the position
Long on gTrade (Gains Network)Short on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.044%+$4 on $10k
Price spread, last 7 days+0.016%+$2 · spread now −0.043%, 7d avg +0.006%
Together, before fees+0.060%+$6 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: Bullet is 0.049% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ETH/USD2,733.6L +0.0007% / S −0.0007%pay 0.0001% / 1h16m 02s$28.1M—200x
ShortBullet ETH-USD2,732.40.0009get 0.0001% / 1h16m 02s$179K$1.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet 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
$0.56
Price spread: −0.043% → +0.006%
−$4.94
Slippage, 4 orders
−$3.72
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$23.1
Costs to cover
0.187%
Break-even
293.7 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 3 min ago; Bullet: 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 venue), 3 min ago0.53 bp4.0 bp −$44.1 bp −$415.0 bp −$5018.9 bp −$4,457
Sell Bullet live order book, 3 min ago0.18 bp4.8 bp −$58.1 bp −$81doesn't fitdoesn't fit

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%43m2,733.4−0.008%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2+0.021%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,734+0.014%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,733.4−0.006%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,734.5+0.033%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,733.9+0.010%$187K$823K50xas long as short
Phoenix ETH0.0000%1h2,733.9+0.010%$828K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0007% / S −0.0007%1h2,733.6long leg$28.1M—200x
Bullet ETH-USDshort+0.0009%1h2,732.4−0.043%$179K$1.7M20x
HTX ETH-USDT+0.0036%8h2,732.1−0.055%$1.06B$1.20B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0048%8h2,732.9−0.028%—$1.15B—as long as short
ApeX Omni ETHUSDT+0.0049%1h2,732.7−0.035%$8.7M$31.3M100xas long as short
Bybit ETHUSDT+0.0057%8h2,732−0.060%$2.38B$4.35B150xas long as short
KuCoin ETHUSDTM+0.0063%8h2,732.1−0.057%$380.1M$574.6M100xas long as short
Deribit ETH-PERPETUAL+0.0072%1h2,734.6+0.035%$259.7M$196.4M50xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,732.4−0.046%$1.67B$10.71B100xas long as short
Phemex ETHUSDT+0.0074%8h2,733.2−0.016%$265.7M$65.2M150xas long as short
Aster ETHUSDT+0.0086%8h2,732.8−0.029%$251.0M$841.9M200xas long as short
SoDEX ETH-USD+0.0091%1h2,733.1−0.019%$54.4M$187.6M40xas long as short
MEXC ETH_USDT+0.0093%8h2,732.6−0.039%$1.54B$2.57B500xas long as short
Binance ETHUSDT+0.0094%8h2,732.9−0.027%$6.35B$15.88B150xas long as short
Lighter ETH+0.0096%1h2,733.2−0.016%$112.9M$440.5M50xas long as short
Lighter RH ETH+0.0096%1h2,734.4+0.029%$23.4M$106.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,733.6−0.001%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,730.5−0.113%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,736.8+0.115%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,734+0.013%$5.6M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,732.8−0.030%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,733.4−0.010%$13.6M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.6+0.036%$3.10B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,734.1+0.018%$31.9M$333.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.9−0.026%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,733.7+0.004%$1.6M$16.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,733−0.023%$3.34B$8.91B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.1−0.055%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.2−0.054%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,732.4−0.044%$133.8M$325.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,732.2−0.053%$183.8M$671.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732.8−0.031%$159.0M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,732−0.059%$21.1M$68.1M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,734.6+0.036%$11.2M$9.2M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.7+0.001%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,734.9+0.047%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,732.1−0.057%$957K$11.3M100xas long as short
Bulk ETH-USD+0.0100%1h2,734.8+0.044%$164.8M$300.4M25xas long as short
Vest ETH-PERP+0.0100%1h2,734+0.013%—$843K50xas long as short
Extended ETH-USD+0.0104%1h2,731.4−0.079%$30.4M$72.8M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,734.4+0.030%$51.3M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0114%1h2,733.9+0.009%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0136%8h2,733.8+0.007%$6.7M$678.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,735.5+0.068%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0218%1h2,732.4−0.046%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,733.8+0.008%$83.3M$314.7M100xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,734.9+0.048%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0375%8h2,734.3+0.024%$283.8M$175.7M150xas long as short