ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0110%/8h= +12.0% APRnext payment +$0.14 per $10,000 · paid last 24h +0.029%

Price spread now: Pacifica against GMX+0.016%7-day average −0.007% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.075%−$8 · spread now +0.016%, 7d avg −0.007%

Together, before fees−0.071%+ Points / potential airdropPacifica: Active · farm board−$7 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 Pacifica is 0.023% dearer against GMX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ETH/USD [ETH-USDC]	2,727	L −0.0010% / S +0.0043%	get 0.0001% / 1h	2m 34s	$11.9M	—	200x
Short	Pacifica ETH	2,727.4	0.0100	get 0.0013% / 1h	2m 34s	$31.9M	$334.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against GMX. 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 GMXbpFee PacificabpOrdersPrice spread, now +0.016%Rate

Funding earned: $23.04
Price spread: +0.016% → −0.007%: $2.29
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $5.33
Costs to cover: 0.200%
Break-even: 5.4 days

Slippage unknown: GMX: no order-book sample; Pacifica: live order book, 2 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 2 min ago	0.18 bp	4.2 bp −$4	4.8 bp −$48	doesn't fit	doesn't fit

GMX: 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
Perpl ETH	−0.0335%	43m	2,727.4	+0.017%	$290K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,727.5	+0.020%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0021%	8h	2,726.2	−0.026%	$1.05B	$1.20B	200x	as long as short
GMX ETH/USD [ETH-USDC]long	L −0.0010% / S +0.0043%	1h	2,727	long leg	$11.9M	—	200x
Phoenix ETH	−0.0006%	1h	2,731.9	+0.181%	$816K	$2.9M	25x	as long as short
dYdX ETH-USD	+0.0006%	1h	2,727.7	+0.026%	$10.7M	$42.1M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,727.1	+0.005%	$28.0M	—	200x	as long as short
BingX ETH-USDC	+0.0029%	8h	2,726.2	−0.029%	—	$18.4M	—	as long as short
Bybit ETHUSDT	+0.0035%	8h	2,726	−0.034%	$2.36B	$4.40B	150x	as long as short
Bullet ETH-USD	+0.0039%	1h	2,726.6	−0.013%	$179K	$1.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0048%	1h	2,726.9	−0.002%	$186K	$785K	50x	as long as short
SunX ETH-USDT	+0.0056%	8h	2,725.4	−0.056%	$955K	$11.2M	100x	as long as short
KuCoin ETHUSDTM	+0.0062%	8h	2,726.1	−0.033%	$376.7M	$575.1M	100x	as long as short
Aster ETHUSDT	+0.0076%	8h	2,726.6	−0.013%	$252.4M	$842.8M	200x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,724	−0.110%	$4.9M	$155K	20x	as long as short
OKX ETH-USDT-SWAP	+0.0082%	8h	2,726	−0.035%	$1.67B	$10.73B	100x	as long as short
MEXC ETH_USDT	+0.0082%	8h	2,726.1	−0.030%	$1.56B	$2.59B	500x	as long as short
Binance ETHUSDT	+0.0082%	8h	2,726.3	−0.023%	$6.32B	$15.96B	150x	as long as short
Phemex ETHUSDT	+0.0087%	8h	2,726.8	−0.006%	$264.2M	$63.9M	150x	as long as short
ApeX Omni ETHUSDT	+0.0091%	1h	2,728.3	+0.049%	$8.7M	$31.2M	100x	as long as short
Aftermath Perps ETHUSD	+0.0092%	1h	2,729.4	+0.089%	$30K	$20K	20x	as long as short
Lighter ETH	+0.0096%	1h	2,727.2	+0.007%	$112.0M	$437.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,728.4	+0.053%	$23.4M	$105.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,731.1	+0.152%	—	$31.0M	500x	as long as short
Injective ETH/USDC PERP	+0.0096%	1h	2,728.9	+0.071%	$117K	$22.5M	52x	as long as short
SoDEX ETH-USD	+0.0098%	1h	2,726.7	−0.009%	$54.3M	$187.8M	40x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,726.2	−0.028%	$499K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,728.8	+0.069%	$15.4M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,728.3	+0.050%	$13.8M	$104.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,728.9	+0.071%	$3.09B	$2.05B	25x	as long as short
Pacifica ETHshort	+0.0100%	1h	2,727.4	+0.016%	$31.9M	$334.0M	50x
Ondo Perps ETH-USD.P	+0.0100%	1h	2,726.6	−0.013%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,726.8	−0.004%	$1.5M	$16.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,726.2	−0.027%	$3.33B	$8.98B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,726.1	−0.032%	$2.08B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,726.2	−0.028%	$15.0M	$42.4M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,730	+0.110%	$134.8M	$322.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,729	+0.074%	$183.6M	$672.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,729.5	+0.093%	$158.8M	$87.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,730.9	+0.145%	$21.0M	$72.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,729.1	+0.079%	—	$846K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,728.4	+0.053%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,726.8	−0.006%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,728	+0.039%	$40.9M	$30.1M	15x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,726.9	0.000%	$164.5M	$309.8M	25x	as long as short
Kalshi KXETHPERP	+0.0104%	8h	2,728.2	+0.046%	$6.4M	$688.1M	4.9x	as long as short
Extended ETH-USD	+0.0104%	1h	2,725.3	−0.061%	$30.6M	$73.7M	50x	as long as short
RISEx ETH/USDC	+0.0107%	1h	2,726.8	−0.007%	$5.6M	$11.7M	25x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,727.8	+0.029%	$50.5M	$4.28B	50x	as long as short
Deribit ETH-PERPETUAL	+0.0146%	1h	2,728.1	+0.042%	$258.4M	$202.7M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0153%	1h	2,727.5	+0.020%	$82.8M	$316.7M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0190%	8h	2,728.7	+0.062%	$32.1M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0206%	1h	2,726.3	−0.024%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0224%	1h	2,732.2	+0.191%	$250K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0330%	8h	2,726.9	−0.001%	$281.7M	$174.5M	150x	as long as short