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 10:00 UTC−0.0015%/8h= −1.7% APRnext payment −$0.02 per $10,000 · paid last 24h +0.003%
Price spread now: Phoenix against gTrade (Gains Network)+0.095%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$160.164% of the position
Long on gTrade (Gains Network)Short on Phoenix
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.069%+$7 on $10k
Price spread, last 7 days−0.013%−$1 · spread now +0.095%, 7d avg +0.090%
Together, before fees+0.056%+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.090%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.069%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ETH/USD2,747.4L +0.0007% / S −0.0006%pay 0.0001% / 1h53m 00s$33.2M—200x
ShortPhoenix ETH2,750−0.0009pay 0.0001% / 1h53m 00s$809K$2.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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
−$3.21
Price spread: +0.095% → +0.090%
$0.53
Slippage, 4 orders
−$2.45
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$19.13
Costs to cover
0.164%
Break-even
never at this rate
Slippage from gTrade (Gains Network): virtual book (oracle exchange), 4 min ago; Phoenix: live order book, 4 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 exchange), 4 min ago0.53 bp4.0 bp −$44.1 bp −$415.0 bp −$5008.9 bp −$4,444
Sell Phoenix live order book, 4 min ago0.18 bp4.0 bp −$47.3 bp −$7316.6 bp −$1,659doesn't fit

ETH on 54 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi ETH/USDT-P−0.0120%1h2,748.2+0.029%$235K$1.2M20xas long as short
Hotstuff ETH-PERP−0.0080%1h2,749.4+0.073%$5K$1K50xas long as short
ApeX Omni ETHUSDT−0.0045%1h2,748.4+0.036%$8.3M$25.3M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,747.5+0.005%$12.2M—200xas long as short
Phoenix ETHshort−0.0009%1h2,750+0.095%$809K$2.8M25x
Kalshi KXETHPERP0.0000%8h2,748.2+0.029%$7.2M$661.1M4.9xas long as short
Perpl ETH0.0000%43m2,748+0.020%$269K$5.0M8.3xas long as short
Bybit ETHUSDT+0.0005%8h2,746.8−0.022%$2.37B$3.82B150xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0007% / S −0.0006%1h2,747.4long leg$33.2M—200x
OKX ETH-USDT-SWAP+0.0068%8h2,746.7−0.027%$1.67B$9.24B100xas long as short
Show all 54 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0072%1h2,748+0.022%$182K$929K50xas long as short
Gate ETH_USDT+0.0082%8h2,747−0.014%$3.27B$7.69B200xas long as short
Aster ETHUSDT+0.0084%8h2,747.2−0.007%$257.9M$720.8M200xas long as short
KuCoin ETHUSDTM+0.0088%8h2,747.6+0.007%$365.2M$441.2M100xas long as short
Aevo ETH-PERP+0.0088%1h2,745.1−0.083%$4.9M$214K20xas long as short
MEXC ETH_USDT+0.0089%8h2,746.2−0.042%$1.60B$2.34B500xas long as short
Binance ETHUSDT+0.0090%8h2,747.1−0.010%$6.41B$14.02B150xas long as short
Lighter ETH+0.0096%1h2,747.9+0.017%$113.9M$383.8M50xas long as short
Lighter RH ETH+0.0096%1h2,749.1+0.060%$23.7M$94.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747.7+0.013%—$23.6M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,748.8+0.051%$46.2M$3.90B50xas long as short
Katana Perps ETH-USD+0.0100%8h2,746.9−0.018%$506K$3.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,747.5+0.005%$14.6M$95.9M50xas long as short
Pacifica ETH+0.0100%1h2,748.9+0.055%$32.4M$325.1M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,747.8+0.015%$2.8M$14.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,748.4+0.036%$1.5M$14.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,749.3+0.068%$164.5M$330.2M25xas long as short
Bitget ETHUSDT+0.0100%8h2,746.5−0.031%$2.11B$2.30B150xas long as short
BingX ETH-USDC+0.0100%8h2,746.4−0.036%—$18.4M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,746.7−0.024%$14.9M$36.1M50xas long as short
Variational Omni ETH+0.0100%8h2,747.8+0.016%$132.6M$290.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,748.3+0.033%$185.2M$607.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,749.4+0.072%$159.9M$69.4M50xas long as short
StandX ETH-USD+0.0100%1h2,748.5+0.040%$21.1M$75.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,749.1+0.062%—$348K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,748.9+0.055%$11.3M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,747.6+0.009%$177K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,747.9+0.018%$20K$14K25xas long as short
SunX ETH-USDT+0.0100%8h2,748+0.020%$947K$8.6M100xas long as short
SoDEX ETH-USD+0.0100%1h2,747.7+0.011%$61.9M$121.8M40xas long as short
HTX ETH-USDT+0.0100%8h2,747.40.000%$1.05B$1.05B200xas long as short
Phemex ETHUSDT+0.0100%8h2,747.5+0.003%$264.0M$56.4M150xas long as short
Extended ETH-USD+0.0104%1h2,745.6−0.066%$30.5M$65.1M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,748+0.023%$82.5M$273.6M100xas long as short
Aftermath Perps ETHUSD+0.0107%1h2,748.6+0.043%$30K$8K20xas long as short
Deribit ETH-PERPETUAL+0.0121%1h2,748.8+0.051%$266.8M$185.2M50xas long as short
Reya ETHRUSDPERP+0.0156%1h2,746.6−0.028%$7.3M$832K25xas long as short
Orderly PERP_ETH_USDC+0.0174%8h2,749.9+0.091%$32.4M$9.9M100xas long as short
dYdX ETH-USD+0.0204%1h2,747.8+0.015%$15.2M$42.7M50xas long as short
RISEx ETH/USDC+0.0206%1h2,748.6+0.042%$5.7M$10.6M25xas long as short
Hyperliquid ETH+0.0250%1h2,750.3+0.106%$3.16B$1.73B25xas long as short
BloFin ETH-USDT+0.0360%8h2,747.7+0.012%$283.3M$149.7M150xas long as short
Injective ETH/USDC PERP+0.0461%1h2,751.5+0.150%$118K$21.7M52xas long as short
Paradex ETH-USD-PERP+0.0538%8h2,752.3+0.178%$16.0M$6.2M50xas long as short