ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.017%

Price spread now: Jupiter Perps against gTrade (Gains Network)−0.009%62s7-day average +0.004% · 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 Jupiter Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.062%−$6 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.009%, 7d avg +0.004%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ETH/USD	2,731.8	L +0.0007% / S −0.0006%	pay 0.0001% / 1h	33m 26s	$33.0M	—	200x
Short	Jupiter Perps ETH-PERP	2,731.6	L +0.0096% / S +0.0056%	pay 0.0007% / 1h	33m 26s	—	$30.4M	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Jupiter Perps 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 Jupiter PerpsbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$13.14
Price spread: −0.009% → +0.004%: −$1.31
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Net: −$33.45
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 1 min ago; Jupiter Perps: 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), 1 min ago	0.51 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$501	8.9 bp −$4,454
Sell Jupiter Perps no order-book sample	—	—	—	—	—

Jupiter Perps: 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
BloFin ETH-USDT	−0.0175%	8h	2,731	−0.030%	$280.7M	$177.4M	150x	as long as short
Perpl ETH	−0.0112%	43m	2,731.1	−0.027%	$277K	$5.7M	8.3x	as long as short
HTX ETH-USDT	−0.0099%	8h	2,730.8	−0.037%	$1.05B	$1.21B	200x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,727	−0.177%	$5K	$1K	50x	as long as short
Bybit ETHUSDT	−0.0060%	8h	2,726.9	−0.181%	$2.31B	$4.29B	150x	as long as short
Phemex ETHUSDT	−0.0035%	8h	2,732	+0.005%	$263.2M	$63.2M	150x	as long as short
Phoenix ETH	−0.0012%	1h	2,732	+0.006%	$806K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,731	−0.030%	$11.9M	—	200x	as long as short
SunX ETH-USDT	−0.0001%	8h	2,731.5	−0.012%	$942K	$10.6M	100x	as long as short
dYdX ETH-USD	0.0000%	1h	2,728	−0.138%	$10.5M	$41.9M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXETHPERP	0.0000%	8h	2,732.3	+0.017%	$6.8M	$670.7M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,732.2	+0.014%	$264.6M	$219.1M	50x	as long as short
gTrade (Gains Network) ETH/USDlong	L +0.0007% / S −0.0006%	1h	2,731.8	long leg	$33.0M	—	200x
Gate ETH_USDT	+0.0024%	8h	2,727	−0.176%	$3.27B	$8.26B	200x	as long as short
ApeX Omni ETHUSDT	+0.0025%	1h	2,731.7	−0.006%	$8.4M	$31.2M	100x	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,727.8	−0.148%	$194K	$889K	50x	as long as short
Hibachi ETH/USDT-P	+0.0048%	1h	2,731.4	−0.015%	$237K	$1.4M	20x	as long as short
SoDEX ETH-USD	+0.0055%	1h	2,731.1	−0.027%	$54.4M	$182.5M	40x	as long as short
OKX ETH-USDT-SWAP	+0.0076%	8h	2,727.2	−0.169%	$1.65B	$10.63B	100x	as long as short
Aster ETHUSDT	+0.0076%	8h	2,727.7	−0.152%	$252.4M	$843.1M	200x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,733.1	+0.048%	$4.9M	$195K	20x	as long as short
KuCoin ETHUSDTM	+0.0083%	8h	2,727.3	−0.168%	$382.9M	$573.5M	100x	as long as short
MEXC ETH_USDT	+0.0087%	8h	2,727.2	−0.170%	$1.57B	$2.56B	500x	as long as short
Binance ETHUSDT	+0.0087%	8h	2,727.1	−0.174%	$6.31B	$16.00B	150x	as long as short
Bullet ETH-USD	+0.0089%	1h	2,727.2	−0.170%	$176K	$1.7M	20x	as long as short
Lighter ETH	+0.0096%	1h	2,727.8	−0.147%	$112.4M	$401.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,729	−0.104%	$23.7M	$96.1M	50x	as long as short
Jupiter Perps ETH-PERPshort	L +0.0096% / S +0.0056%	1h	2,731.6	−0.009%	—	$30.4M	500x
Katana Perps ETH-USD	+0.0100%	8h	2,727.4	−0.162%	$497K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,731	−0.030%	$15.4M	$7.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,727.3	−0.167%	$14.3M	$101.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,729.5	−0.085%	$3.11B	$2.03B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,728.3	−0.129%	$32.1M	$333.3M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,726.8	−0.184%	$2.7M	$16.3M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,727.6	−0.154%	$1.6M	$15.8M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,729.4	−0.089%	$164.7M	$339.6M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,727.4	−0.163%	$2.11B	$2.73B	150x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,726.7	−0.188%	—	$18.7M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,730.2	−0.061%	$15.1M	$39.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,730.8	−0.039%	$132.0M	$316.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,731	−0.030%	$185.8M	$683.1M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,731.8	−0.001%	$158.8M	$80.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,731.5	−0.012%	$21.0M	$70.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,729.8	−0.073%	—	$436K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,727.3	−0.166%	$11.2M	$9.3M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,732.9	+0.038%	$40.6M	$29.2M	15x	as long as short
Extended ETH-USD	+0.0104%	1h	2,726.4	−0.198%	$30.5M	$71.0M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,731.8	−0.002%	$82.0M	$309.4M	100x	as long as short
Aftermath Perps ETHUSD	+0.0118%	1h	2,731.1	−0.025%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,732.8	+0.035%	$46.1M	$4.23B	50x	as long as short
RISEx ETH/USDC	+0.0137%	1h	2,728.2	−0.135%	$5.7M	$11.4M	25x	as long as short
Reya ETHRUSDPERP	+0.0172%	1h	2,729.3	−0.091%	$7.3M	$972K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0184%	8h	2,734.9	+0.111%	$32.2M	$11.0M	100x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,736.9	+0.186%	$117K	$21.0M	52x	as long as short
Bluefin ETH-PERP	+0.1880%	1h	2,733.3	+0.055%	$20K	$23K	25x	as long as short