ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0094%/8h= +10.2% APRpaid last 24h +0.028%

Price spread now: Katana Perps against gTrade (Gains Network)−0.103%7-day average −0.010% · 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 Katana Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.084%+$8 on $10k

Price spread, last 3 days (all we have)+0.044%+$4 · spread now −0.103%, 7d avg −0.010%

Together, before fees+0.128%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Katana Perps is 0.093% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of −0.010%). If the spread goes back, that is −$9 on $10k: about 3.3 days 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	2,770.2	L +0.0006% / S −0.0006%	pay 0.0001% / 1h	50m 53s	$22.4M	—	200x
Short	Katana Perps ETH-USD	2,767.4	0.0100	get 0.0100% / 8h	7h 50m	$481K	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana 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 Katana PerpsbpOrdersPrice spread, now −0.103%Rate

Funding earned: $19.65
Price spread: −0.103% → −0.010%: −$9.25
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$0.4
Costs to cover: 0.108%
Break-even: 7.1 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 3 min ago; Katana 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), 3 min ago	0.52 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$498	8.9 bp −$4,441
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana 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
Injective ETH/USDC PERP	−0.0752%	1h	2,772.4	+0.078%	$119K	$22.5M	52x	as long as short
Perpl ETH	−0.0223%	43m	2,768.8	−0.052%	$285K	$6.8M	8.3x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,767.6	−0.096%	$5.7M	$11.9M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,768.5	−0.063%	$5K	$1K	50x	as long as short
Gate ETH_USDT	−0.0029%	8h	2,769.2	−0.038%	$3.30B	$8.91B	200x	as long as short
01 Exchange ETHUSD	−0.0024%	1h	2,768.1	−0.077%	$168K	$1.2M	50x	as long as short
ApeX Omni ETHUSDT	−0.0016%	1h	2,771.8	+0.056%	$8.7M	$32.9M	100x	as long as short
SoDEX ETH-USD	−0.0008%	1h	2,769	−0.045%	$55.1M	$228.8M	40x	as long as short
Phoenix ETH	−0.0003%	1h	2,772.4	+0.078%	$876K	$3.7M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,768.8	−0.051%	$12.7M	$45.8M	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	2,769.4	−0.030%	$8.1M	$690.4M	4.9x	as long as short
Bullet ETH-USD	0.0000%	1h	2,769	−0.045%	$183K	$1.7M	20x	as long as short
gTrade (Gains Network) ETH/USDlong	L +0.0006% / S −0.0006%	1h	2,770.2	long leg	$22.4M	—	200x
OKX ETH-USDT-SWAP	+0.0020%	8h	2,768.6	−0.058%	$1.71B	$11.72B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0025% / S +0.0009%	1h	2,769.9	−0.013%	$12.7M	—	200x	as long as short
Aster ETHUSDT	+0.0039%	8h	2,769.1	−0.040%	$256.2M	$1.00B	200x	as long as short
Aftermath Perps ETHUSD	+0.0040%	1h	2,771.5	+0.046%	$29K	$22K	20x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,769.6	−0.022%	$5.0M	$165K	20x	as long as short
MEXC ETH_USDT	+0.0058%	8h	2,768.6	−0.060%	$1.62B	$2.62B	500x	as long as short
Binance ETHUSDT	+0.0058%	8h	2,769.2	−0.038%	$6.47B	$17.16B	150x	as long as short
Bitget ETHUSDT	+0.0066%	8h	2,769	−0.044%	$2.10B	$3.05B	150x	as long as short
HTX ETH-USDT	+0.0067%	8h	2,768.8	−0.053%	$1.08B	$1.31B	200x	as long as short
KuCoin ETHUSDTM	+0.0079%	8h	2,769.6	−0.024%	$420.6M	$733.5M	100x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,770.1	−0.004%	$60.5M	$4.55B	50x	as long as short
Vest ETH-PERP	+0.0090%	1h	2,769	−0.044%	—	$1.1M	50x	as long as short
Bybit ETHUSDT	+0.0091%	8h	2,769.1	−0.042%	$2.50B	$4.57B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,769.3	−0.035%	$115.1M	$456.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,769.9	−0.013%	$25.2M	$109.9M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,767.8	−0.088%	$15.9M	$9.8M	50x	as long as short
Katana Perps ETH-USDshort	+0.0100%	8h	2,767.4	−0.103%	$481K	$2.9M	50x
Nado ETH-PERP	+0.0100%	1h	2,767.3	−0.105%	$14.6M	$117.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,771.4	+0.042%	$3.17B	$2.30B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,768.3	−0.069%	$31.2M	$319.4M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,766.7	−0.128%	$2.8M	$17.3M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,768.1	−0.079%	$2.7M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.5	+0.010%	$170.6M	$266.1M	25x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,768.7	−0.054%	—	$17.4M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,769	−0.047%	$15.2M	$43.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,768.8	−0.052%	$151.4M	$343.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,771.1	+0.031%	$181.9M	$785.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,772.6	+0.085%	$161.3M	$87.3M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,772.3	+0.074%	$21.4M	$58.7M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,768.8	−0.052%	$10.6M	$8.1M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,769.6	−0.022%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,771.1	+0.029%	$42.6M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,768.4	−0.066%	$972K	$13.8M	100x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,768.7	−0.055%	$269.7M	$68.0M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,768.3	−0.072%	$32.5M	$77.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,768.5	−0.064%	—	$41.7M	500x	as long as short
Deribit ETH-PERPETUAL	+0.0133%	1h	2,770.8	+0.018%	$259.2M	$219.6M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,770.3	+0.003%	$93.5M	$332.3M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0147%	8h	2,771.5	+0.044%	$32.6M	$12.0M	100x	as long as short
Hibachi ETH/USDT-P	+0.0176%	1h	2,774.2	+0.143%	$253K	$1.6M	20x	as long as short
BloFin ETH-USDT	+0.0178%	8h	2,769.4	−0.029%	$287.5M	$191.4M	150x	as long as short
Reya ETHRUSDPERP	+0.0208%	1h	2,768.8	−0.051%	$7.3M	$1.2M	25x	as long as short