ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%

Price spread now: Polymarket Perps against gTrade (Gains Network)−0.015%7-day average +0.005% · 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−$19as in the Price arb table

costs, in and out, $10k−$170.168% of the position

Long on gTrade (Gains Network)Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.092%+$9 on $10k

Price spread, last 7 days−0.017%−$2 · spread now −0.015%, 7d avg +0.005%

Together, before fees+0.075%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.021% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.005%). If the spread goes back, that is −$2 on $10k: about 18 hours 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	2,744.6	L +0.0007% / S −0.0007%	pay 0.0001% / 1h	8m 15s	$25.3M	—	200x
Short	Polymarket Perps ETH-USD	2,744.2	0.0100	get 0.0013% / 1h	8m 15s	$11.0M	$8.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now −0.015%Rate

Funding earned: $19.61
Price spread: −0.015% → +0.005%: −$2.06
Slippage, 4 orders: −$1.75
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $0.8
Costs to cover: 0.168%
Break-even: 6.7 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 1 min ago; Polymarket Perps: live order book, 6 min ago.

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	0.53 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$501	8.9 bp −$4,451
Sell Polymarket Perps live order book, 6 min ago	0.18 bp	4.2 bp −$4	5.2 bp −$52	11.2 bp −$1,125	doesn't fit

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
Hotstuff ETH-PERP	−0.0080%	1h	2,742.7	−0.070%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0044%	1h	2,735.6	−0.329%	$117K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,743.8	−0.029%	$12.1M	—	200x	as long as short
Perpl ETH	0.0000%	43m	2,742.9	−0.063%	$304K	$5.6M	8.3x	as long as short
dYdX ETH-USD	0.0000%	1h	2,743.5	−0.040%	$10.8M	$41.7M	50x	as long as short
gTrade (Gains Network) ETH/USDlong	L +0.0007% / S −0.0007%	1h	2,744.6	long leg	$25.3M	—	200x
Phoenix ETH	+0.0017%	1h	2,744.6	−0.001%	$848K	$2.9M	25x	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,743.6	−0.037%	$182K	$836K	50x	as long as short
ApeX Omni ETHUSDT	+0.0032%	1h	2,744.4	−0.008%	$8.8M	$30.7M	100x	as long as short
BingX ETH-USDT	+0.0054%	8h	2,744	−0.021%	—	$1.14B	—	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	+0.0068%	8h	2,742.3	−0.084%	$1.70B	$10.55B	100x	as long as short
KuCoin ETHUSDTM	+0.0071%	8h	2,743.4	−0.043%	$382.1M	$575.1M	100x	as long as short
Bullet ETH-USD	+0.0073%	1h	2,743.2	−0.053%	$182K	$1.7M	20x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,743.7	−0.035%	$5.6M	$11.4M	25x	as long as short
SoDEX ETH-USD	+0.0087%	1h	2,743.3	−0.048%	$54.6M	$187.5M	40x	as long as short
Aster ETHUSDT	+0.0087%	8h	2,742.8	−0.066%	$253.8M	$840.7M	200x	as long as short
Binance ETHUSDT	+0.0094%	8h	2,743.3	−0.049%	$6.38B	$15.68B	150x	as long as short
MEXC ETH_USDT	+0.0094%	8h	2,743.1	−0.055%	$1.57B	$2.56B	500x	as long as short
Lighter ETH	+0.0096%	1h	2,743.8	−0.031%	$112.8M	$436.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,745.1	+0.016%	$24.6M	$104.3M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,742.5	−0.076%	—	$30.4M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,740.3	−0.156%	$4.9M	$154K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,744.7	+0.003%	$54.5M	$4.26B	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,747.3	+0.096%	$16.0M	$7.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,743.1	−0.055%	$474K	$3.1M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,743	−0.058%	$13.9M	$104.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,745.4	+0.028%	$3.12B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,743.4	−0.045%	$31.7M	$333.8M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,743	−0.058%	$2.45B	$4.17B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,741.2	−0.125%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,743.5	−0.040%	$2.8M	$16.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,746.6	+0.071%	$165.7M	$303.2M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,744.2	−0.016%	$3.39B	$8.78B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,743.8	−0.031%	$2.08B	$2.72B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,742.7	−0.069%	$15.0M	$39.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,743.1	−0.055%	$133.1M	$325.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,742.7	−0.069%	$182.3M	$665.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,745.1	+0.016%	$159.6M	$83.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,746.9	+0.083%	$21.2M	$68.4M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,743.8	−0.029%	—	$815K	50x	as long as short
Polymarket Perps ETH-USDshort	+0.0100%	1h	2,744.2	−0.015%	$11.0M	$8.8M	50x
Derive ETH-PERP	+0.0100%	1h	2,745.4	+0.027%	$41.5M	$29.7M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,742.3	−0.086%	$961K	$11.4M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,743.1	−0.054%	$1.06B	$1.18B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,743.5	−0.042%	$266.6M	$64.9M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,742.7	−0.069%	$30.7M	$72.0M	50x	as long as short
Aftermath Perps ETHUSD	+0.0137%	1h	2,744.9	+0.009%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0160%	8h	2,743.8	−0.030%	$7.7M	$671.0M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0195%	8h	2,745.8	+0.041%	$32.3M	$11.4M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0202%	1h	2,745.1	+0.016%	$260.0M	$195.6M	50x	as long as short
BloFin ETH-USDT	+0.0215%	8h	2,743.2	−0.050%	$284.9M	$179.7M	150x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,744.4	−0.010%	$86.5M	$310.0M	100x	as long as short
Reya ETHRUSDPERP	+0.0227%	1h	2,742.4	−0.082%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0256%	1h	2,747	+0.087%	$252K	$1.4M	20x	as long as short
Bluefin ETH-PERP	+0.0346%	1h	2,744.1	−0.019%	$21K	$20K	25x	as long as short