ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0183%/8h= −20.1% APRnext payment −$0.23 per $10,000 · paid last 24h −0.050%

Price spread now: gTrade (Gains Network) against Reya+0.068%7-day average +0.033% · you sell dearer than you buy

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

Long on Reya Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.139%−$14 on $10k

Price spread, last 7 days−0.013%−$1 · spread now +0.068%, 7d avg +0.033%

Together, before fees−0.153%+ Points / potential airdropReya: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.035% dearer against Reya than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of +0.033%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ETHRUSDPERP	2,733.2	0.0190	pay 0.0024% / 1h	21m 00s	$7.3M	$1.1M	25x
Short	gTrade (Gains Network) ETH/USD	2,735.1	L +0.0007% / S −0.0006%	get 0.0001% / 1h	21m 00s	$33.0M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Reya. 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 ReyabpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.068%Rate

Funding earned: −$38.47
Price spread: +0.068% → +0.033%: $3.48
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$47.99
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 3 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 Reya no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) virtual book (oracle venue), 3 min ago	0.51 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$500	8.9 bp −$4,448

Reya: 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 54 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	−0.0112%	43m	2,733.3	+0.004%	$288K	$5.8M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,732.1	−0.040%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0040%	1h	2,727.6	−0.205%	$117K	$22.5M	52x	as long as short
ApeX Omni ETHUSDT	−0.0023%	1h	2,731.6	−0.060%	$8.6M	$31.6M	100x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,734.5	+0.049%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,733.3	+0.004%	$813K	$3.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,733.9	+0.026%	$10.5M	$42.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,734.6	+0.051%	$6.6M	$685.7M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,735	+0.067%	$262.6M	$214.4M	50x	as long as short
gTrade (Gains Network) ETH/USDshort	L +0.0007% / S −0.0006%	1h	2,735.1	+0.068%	$33.0M	—	200x

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0016%	1h	2,734.9	+0.062%	$191K	$893K	50x	as long as short
HTX ETH-USDT	+0.0020%	8h	2,734.4	+0.043%	$1.05B	$1.23B	200x	as long as short
BingX ETH-USDC	+0.0025%	8h	2,733.5	+0.010%	—	$18.6M	—	as long as short
Bybit ETHUSDT	+0.0030%	8h	2,734.2	+0.036%	$2.34B	$4.42B	150x	as long as short
KuCoin ETHUSDTM	+0.0068%	8h	2,734.1	+0.034%	$374.9M	$577.3M	100x	as long as short
SoDEX ETH-USD	+0.0083%	1h	2,733.9	+0.026%	$54.5M	$187.2M	40x	as long as short
Aster ETHUSDT	+0.0084%	8h	2,734	+0.028%	$252.7M	$849.2M	200x	as long as short
OKX ETH-USDT-SWAP	+0.0085%	8h	2,733.8	+0.022%	$1.65B	$10.93B	100x	as long as short
MEXC ETH_USDT	+0.0093%	8h	2,734.1	+0.032%	$1.55B	$2.60B	500x	as long as short
Phemex ETHUSDT	+0.0094%	8h	2,733.9	+0.025%	$263.4M	$64.6M	150x	as long as short
Binance ETHUSDT	+0.0094%	8h	2,734.2	+0.037%	$6.34B	$16.18B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,734.6	+0.052%	$112.5M	$436.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,735.8	+0.094%	$23.5M	$103.2M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,731.9	−0.047%	$4.9M	$157K	20x	as long as short
SunX ETH-USDT	+0.0097%	8h	2,734.1	+0.034%	$959K	$11.0M	100x	as long as short
Aftermath Perps ETHUSD	+0.0098%	1h	2,732.1	−0.040%	$30K	$20K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,734.5	+0.047%	$511K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,739.1	+0.217%	$15.3M	$7.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,734.5	+0.046%	$14.1M	$105.1M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,736.7	+0.128%	$3.12B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,735.3	+0.077%	$32.1M	$332.7M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,734.2	+0.036%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,734.8	+0.060%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,734.2	+0.036%	$164.8M	$347.1M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,734.2	+0.038%	$3.30B	$9.01B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,734.1	+0.031%	$2.09B	$2.76B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,734.1	+0.033%	$15.1M	$42.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,731.9	−0.047%	$134.0M	$323.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,731.6	−0.060%	$185.7M	$682.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,732.6	−0.022%	$158.8M	$86.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,732.8	−0.015%	$21.0M	$70.5M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,735.2	+0.073%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,735.6	+0.088%	$11.2M	$9.5M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,734.6	+0.051%	$179K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,735	+0.065%	$22K	$21K	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,733.3	+0.005%	$30.4M	$73.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,733.9	+0.026%	—	$30.5M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,735.4	+0.079%	$48.9M	$4.33B	50x	as long as short
RISEx ETH/USDC	+0.0115%	1h	2,734.8	+0.060%	$5.6M	$11.6M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0186%	8h	2,736.8	+0.132%	$32.2M	$11.4M	100x	as long as short
Reya ETHRUSDPERPlong	+0.0190%	1h	2,733.2	long leg	$7.3M	$1.1M	25x
Hibachi ETH/USDT-P	+0.0208%	1h	2,733.1	−0.004%	$243K	$1.4M	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0210%	1h	2,734.5	+0.047%	$82.0M	$312.3M	100x	as long as short
BloFin ETH-USDT	+0.0375%	8h	2,733.9	+0.025%	$281.6M	$175.7M	150x	as long as short