Settings8H · net · $10k
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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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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
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Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.009%
Price spread now: GMX against Injective+0.346%7-day average −0.031% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on GMX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.015%+$1 on $10k
Price spread, last 3 days (all we have)−0.115%−$11 · spread now +0.346%, 7d avg −0.031%
Together, before fees−0.100%−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GMX is 0.376% dearer against Injective than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of −0.031%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ETH/USDC PERP2,771.8−0.0041get 0.0005% / 1h20m 42s$119K$22.5M52x
ShortGMX ETH/USD [ETH-USDC]2,781.4L +0.0027% / S +0.0009%pay 0.0001% / 1h20m 42s$13.0M—200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Injective. 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
$6.67
Price spread: +0.346% → −0.031%
$37.64
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee GMX: 6 bp × 2 orders
−$12
Net
$32.28
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Injective: live order book, 3 min ago; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Injective live order book, 3 min ago14.92 bp14.9 bp −$1514.9 bp −$14914.9 bp −$1,49320630.5 bp −$10.32M
Sell GMX no order-book sample—————
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0447%43m2,780.2+0.303%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,780.1+0.300%$5.7M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,781.5+0.350%$5K$2K50xas long as short
Injective ETH/USDC PERPlong−0.0041%1h2,771.8long leg$119K$22.5M52x
01 Exchange ETHUSD−0.0040%1h2,780.1+0.299%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0020%1h2,776.8+0.180%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,780.8+0.325%$12.7M$45.6M50xas long as short
Phoenix ETH0.0000%1h2,779.6+0.281%$886K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,781.6+0.352%$22.5M—200xas long as short
Phemex ETHUSDT+0.0015%8h2,781.2+0.338%$270.5M$68.7M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0017%8h2,779+0.259%—$1.18B—as long as short
OKX ETH-USDT-SWAP+0.0019%8h2,778.8+0.253%$1.70B$11.90B100xas long as short
GMX ETH/USD [ETH-USDC]shortL +0.0027% / S +0.0009%1h2,781.4+0.346%$13.0M—200x
Aster ETHUSDT+0.0038%8h2,779.4+0.275%$256.9M$991.9M200xas long as short
Bullet ETH-USD+0.0038%1h2,780.8+0.325%$180K$1.7M20xas long as short
Nado ETH-PERP+0.0057%1h2,779.8+0.287%$14.4M$118.1M50xas long as short
MEXC ETH_USDT+0.0061%8h2,779+0.261%$1.62B$2.67B500xas long as short
Aevo ETH-PERP+0.0064%1h2,779.2+0.269%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0065%8h2,779+0.260%$6.44B$17.20B150xas long as short
Bitget ETHUSDT+0.0070%8h2,778.9+0.257%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0074%8h2,778.9+0.257%$3.29B$9.64B200xas long as short
SoDEX ETH-USD+0.0080%1h2,781.1+0.336%$55.4M$228.9M40xas long as short
ApeX Omni ETHUSDT+0.0091%1h2,773.6+0.065%$8.8M$32.6M100xas long as short
Bybit ETHUSDT+0.0093%8h2,779+0.259%$2.52B$4.62B150xas long as short
HTX ETH-USDT+0.0095%8h2,780.6+0.316%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,779.5+0.277%$115.4M$501.5M50xas long as short
Lighter RH ETH+0.0096%1h2,781+0.331%$25.4M$121.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,781.5+0.349%—$41.6M500xas long as short
KuCoin ETHUSDTM+0.0098%8h2,779.9+0.292%$423.3M$739.6M100xas long as short
Deribit ETH-PERPETUAL+0.0099%1h2,782.7+0.393%$258.4M$222.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,780.7+0.323%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,780.5+0.314%$478K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,781.5+0.350%$3.19B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,781.2+0.340%$31.3M$299.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,779.8+0.289%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,782+0.368%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,767.4−0.158%$166.0M$246.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,779+0.259%$15.2M$44.6M50xas long as short
Variational Omni ETH+0.0100%8h2,771.9+0.004%$137.1M$324.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,772.2+0.014%$181.4M$782.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775+0.117%$161.4M$91.4M50xas long as short
StandX ETH-USD+0.0100%1h2,778.8+0.253%$21.5M$58.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,780.3+0.306%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,781.1+0.336%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,781+0.333%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,783+0.405%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,779.7+0.285%$974K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,778.3+0.235%$32.6M$77.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,782.6+0.389%$60.0M$4.61B50xas long as short
Kalshi KXETHPERP+0.0125%8h2,781.3+0.343%$8.5M$678.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,783.4+0.420%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,782.4+0.383%$86.2M$332.3M100xas long as short
BloFin ETH-USDT+0.0182%8h2,780.5+0.312%$286.0M$195.0M150xas long as short
Reya ETHRUSDPERP+0.0192%1h2,779.7+0.283%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0216%1h2,780.5+0.313%$271K$1.5M20xas long as short