ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0003%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: GMX against gTrade (Gains Network)−0.005%7-day average +0.019% · 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 GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.059%+$6 on $10k

Price spread, last 3 days (all we have)+0.006%+$1 · spread now −0.005%, 7d avg +0.019%

Together, before fees+0.065%+$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: GMX is 0.024% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ETH/USD	2,775.7	L +0.0006% / S −0.0006%	pay 0.0001% / 1h	26m 21s	$22.4M	—	200x
Short	GMX ETH/USD [ETH-USDC]	2,775.6	L +0.0043% / S −0.0009%	get 0.0001% / 1h	26m 21s	$12.7M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0.69
Price spread: −0.005% → +0.019%: −$2.39
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$20.7
Costs to cover: 0.190%
Break-even: 218.5 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 3 min ago; GMX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 3 min ago	0.52 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$499	8.9 bp −$4,446
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ETH/USDC PERP	−0.0752%	1h	2,776.9	+0.043%	$119K	$22.5M	52x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,774.7	−0.035%	$5.7M	$11.1M	25x	as long as short
Perpl ETH	−0.0112%	43m	2,774	−0.060%	$321K	$6.3M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,773.6	−0.076%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,775.1	−0.022%	$168K	$1.1M	50x	as long as short
Phemex ETHUSDT	−0.0029%	8h	2,773.6	−0.077%	$269.9M	$67.5M	150x	as long as short
Phoenix ETH	−0.0003%	1h	2,773.7	−0.072%	$879K	$3.7M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,774.8	−0.033%	$12.2M	$45.7M	50x	as long as short
gTrade (Gains Network) ETH/USDlong	L +0.0006% / S −0.0006%	1h	2,775.7	long leg	$22.4M	—	200x
Bullet ETH-USD	+0.0023%	1h	2,774.7	−0.035%	$185K	$1.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0026%	8h	2,775.9	+0.007%	$1.71B	$11.19B	100x	as long as short
SoDEX ETH-USD	+0.0036%	1h	2,772.8	−0.104%	$55.2M	$188.0M	40x	as long as short
GMX ETH/USD [ETH-USDC]short	L +0.0043% / S −0.0009%	1h	2,775.6	−0.005%	$12.7M	—	200x
Aster ETHUSDT	+0.0045%	8h	2,774.8	−0.031%	$256.9M	$885.3M	200x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,773.5	−0.080%	$5.0M	$167K	20x	as long as short
MEXC ETH_USDT	+0.0058%	8h	2,774.8	−0.033%	$1.63B	$2.63B	500x	as long as short
Binance ETHUSDT	+0.0058%	8h	2,775	−0.026%	$6.49B	$16.31B	150x	as long as short
Aftermath Perps ETHUSD	+0.0068%	1h	2,772.9	−0.100%	$31K	$21K	20x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,776.1	+0.015%	$2.10B	$2.87B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,774.4	−0.045%	$60.3M	$4.44B	50x	as long as short
ApeX Omni ETHUSDT	+0.0080%	1h	2,769.8	−0.211%	$8.7M	$32.2M	100x	as long as short
Vest ETH-PERP	+0.0083%	1h	2,774.6	−0.038%	—	$876K	50x	as long as short
KuCoin ETHUSDTM	+0.0085%	8h	2,775.3	−0.015%	$420.6M	$626.6M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,775.1	−0.022%	$115.3M	$457.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,776	+0.011%	$25.7M	$111.5M	50x	as long as short
Gate ETH_USDT	+0.0099%	8h	2,775.5	−0.009%	$3.38B	$9.01B	200x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,780	+0.155%	$16.0M	$8.6M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,774.4	−0.047%	$486K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,775.8	+0.004%	$14.7M	$114.2M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,777.2	+0.054%	$3.18B	$2.24B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,775.3	−0.014%	$31.3M	$325.2M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,776	+0.011%	$2.51B	$4.36B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,775.2	−0.018%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,775.8	+0.003%	$2.8M	$16.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,772.8	−0.103%	$170.3M	$276.6M	25x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,774.9	−0.029%	—	$17.3M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,773.3	−0.088%	$15.2M	$42.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,774.9	−0.029%	$139.2M	$343.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,769.9	−0.209%	$181.9M	$783.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,770.9	−0.172%	$161.1M	$84.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,773.7	−0.072%	$21.5M	$63.7M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,774.7	−0.036%	$10.5M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,776.5	+0.030%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,778	+0.082%	$42.7M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,772.3	−0.122%	$972K	$13.2M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,773.4	−0.084%	$1.08B	$1.25B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,774.7	−0.038%	$31.0M	$74.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,775.7	−0.001%	—	$36.9M	500x	as long as short
Deribit ETH-PERPETUAL	+0.0107%	1h	2,774.5	−0.044%	$259.1M	$206.3M	50x	as long as short
Kalshi KXETHPERP	+0.0111%	8h	2,773.7	−0.072%	$8.0M	$681.0M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,774.3	−0.050%	$96.0M	$319.3M	100x	as long as short
Hibachi ETH/USDT-P	+0.0144%	1h	2,775	−0.024%	$253K	$1.5M	20x	as long as short
Orderly PERP_ETH_USDC	+0.0152%	8h	2,778.6	+0.103%	$32.7M	$11.1M	100x	as long as short
BloFin ETH-USDT	+0.0178%	8h	2,772.9	−0.102%	$288.1M	$182.1M	150x	as long as short
Reya ETHRUSDPERP	+0.0211%	1h	2,774.4	−0.048%	$7.4M	$1.2M	25x	as long as short