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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.028%
Price spread now: Variational Omni against gTrade (Gains Network)+0.191%7-day average −0.002% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.088%+$9 on $10k
Price spread, last 7 days−0.230%−$23 · spread now +0.191%, 7d avg −0.002%
Together, before fees−0.142%+ Points / potential airdropVariational Omni: Active · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.193% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ETH/USD2,718L +0.0007% / S −0.0006%pay 0.0001% / 1h33m 31s$27.9M—200x
ShortVariational Omni ETH2,723.20.0100get 0.0100% / 8h2h 33m$133.0M$326.9M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$19.63
Price spread: +0.191% → −0.002%
$19.3
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$31.93
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 1 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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 venue), 1 min ago0.53 bp4.1 bp −$44.1 bp −$415.0 bp −$5028.9 bp −$4,455
Sell Variational Omni RFQ quote, 1 min ago0.50 bpdoesn't fit0.5 bp −$52.2 bp −$219doesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0447%43m2,717.4−0.022%$282K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,718.8+0.028%$5K$1K50xas long as short
HTX ETH-USDT−0.0011%8h2,718−0.001%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,717.9−0.005%$11.9M—200xas long as short
Phoenix ETH−0.0009%1h2,721.6+0.131%$815K$3.0M25xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0007% / S −0.0006%1h2,718long leg$27.9M—200x
Injective ETH/USDC PERP+0.0009%1h2,721.2+0.117%$117K$22.5M52xas long as short
dYdX ETH-USD+0.0011%1h2,718.8+0.030%$10.7M$42.0M50xas long as short
Deribit ETH-PERPETUAL+0.0015%1h2,719.5+0.052%$258.7M$206.0M50xas long as short
01 Exchange ETHUSD+0.0032%1h2,717.7−0.012%$185K$787K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0033%8h2,717−0.037%—$18.5M—as long as short
Bybit ETHUSDT+0.0042%8h2,717.2−0.029%$2.34B$4.42B150xas long as short
Aftermath Perps ETHUSD+0.0065%1h2,722.4+0.161%$30K$20K20xas long as short
Bullet ETH-USD+0.0069%1h2,717.6−0.016%$179K$1.7M20xas long as short
SunX ETH-USDT+0.0070%8h2,717.5−0.018%$953K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0075%8h2,717.8−0.008%$374.2M$577.9M100xas long as short
Aster ETHUSDT+0.0085%8h2,718.8+0.027%$251.6M$844.6M200xas long as short
Aevo ETH-PERP+0.0088%1h2,716−0.074%$4.9M$155K20xas long as short
OKX ETH-USDT-SWAP+0.0091%8h2,717.8−0.008%$1.65B$10.78B100xas long as short
MEXC ETH_USDT+0.0091%8h2,717.8−0.008%$1.55B$2.58B500xas long as short
Binance ETHUSDT+0.0092%8h2,717.7−0.013%$6.29B$16.07B150xas long as short
Lighter ETH+0.0096%1h2,717.6−0.015%$111.2M$432.5M50xas long as short
Lighter RH ETH+0.0096%1h2,719+0.037%$23.3M$103.2M50xas long as short
Phemex ETHUSDT+0.0097%8h2,718.7+0.023%$262.8M$64.3M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,717.7−0.012%$497K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,719.5+0.052%$15.2M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,716.8−0.044%$13.8M$105.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,719.8+0.065%$3.08B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,718.4+0.014%$31.8M$334.4M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,717.3−0.027%$2.7M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,719+0.034%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,723.8+0.213%$163.8M$329.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,718.6+0.020%$3.30B$8.94B200xas long as short
Bitget ETHUSDT+0.0100%8h2,717.5−0.018%$2.07B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,717.9−0.004%$14.9M$43.1M50xas long as short
Variational Omni ETHshort+0.0100%8h2,723.2+0.191%$133.0M$326.9M—
edgeX ETHUSDC+0.0100%4h2,724.1+0.224%$184.5M$676.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,723.6+0.205%$158.5M$87.0M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,724.6+0.241%$8.6M$31.3M100xas long as short
StandX ETH-USD+0.0100%1h2,721.3+0.120%$20.9M$71.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,719.6+0.056%—$876K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,718.9+0.032%$11.1M$9.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,719+0.037%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,719.6+0.059%$40.8M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,718.3+0.010%$54.1M$187.8M40xas long as short
Extended ETH-USD+0.0104%1h2,717.3−0.028%$30.5M$74.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,720.7+0.099%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,719.4+0.051%$49.8M$4.27B50xas long as short
RISEx ETH/USDC+0.0108%1h2,719.2+0.042%$5.5M$11.7M25xas long as short
Kalshi KXETHPERP+0.0159%8h2,721.4+0.124%$6.4M$692.0M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0177%1h2,718.9+0.032%$82.7M$315.9M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,720.6+0.095%$32.0M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0201%1h2,717−0.037%$7.3M$1.2M25xas long as short
BloFin ETH-USDT+0.0210%8h2,724.8+0.248%$282.9M$174.7M150xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,720.4+0.087%$248K$1.4M20xas long as short