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

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0047%/8h= +5.2% APRnext payment +$0.47 per $10,000 · paid last 24h −0.029%
Price spread now: Gate against Bybit+0.047%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$260.261% of the position
Long on BybitShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days−0.040%−$4 on $10k
Price spread, last 7 days−0.034%−$3 · spread now +0.047%, 7d avg −0.002%
Together, before fees−0.074%−$7 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 Gate is 0.049% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETHUSDT2,738.10.0053pay 0.0053% / 8h3h 59m$2.38B$4.36B150x
ShortGate ETH_USDT2,739.40.0100get 0.0100% / 8h3h 59m$3.34B$8.81B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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
$9.91
Price spread: +0.047% → −0.002%
$4.91
Slippage, 4 orders
−$0.07
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$11.25
Costs to cover
0.261%
Break-even
14.9 days
Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago0.02 bp5.5 bp −$65.7 bp −$576.6 bp −$6628.0 bp −$4,001
Sell Gate live order book, 5 min ago0.02 bp7.5 bp −$87.5 bp −$7510.3 bp −$1,02919.6 bp −$9,806

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%43m2,738.1−0.001%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2−0.143%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,739.7+0.058%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,739.4+0.048%$11.9M—200xas long as short
Phoenix ETH0.0000%1h2,737.3−0.030%$827K$2.9M25xas long as short
dYdX ETH-USD+0.0001%1h2,739.5+0.052%$10.7M$41.9M50xas long as short
Bullet ETH-USD+0.0006%1h2,738−0.006%$180K$1.7M20xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,738.2+0.003%$28.1M—200xas long as short
HTX ETH-USDT+0.0024%8h2,739+0.031%$1.06B$1.20B200xas long as short
01 Exchange ETHUSD+0.0040%1h2,739.2+0.039%$187K$821K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0043%8h2,738.9+0.030%—$1.15B—as long as short
Bybit ETHUSDTlong+0.0053%8h2,738.1long leg$2.38B$4.36B150x
ApeX Omni ETHUSDT+0.0064%1h2,736.1−0.074%$8.7M$31.3M100xas long as short
KuCoin ETHUSDTM+0.0068%8h2,738.4+0.011%$380.2M$573.7M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,738.2+0.003%$1.67B$10.74B100xas long as short
Phemex ETHUSDT+0.0077%8h2,739.2+0.038%$266.0M$65.1M150xas long as short
Aster ETHUSDT+0.0091%8h2,739.5+0.052%$251.3M$842.1M200xas long as short
Lighter ETH+0.0096%1h2,739.2+0.038%$113.2M$429.8M50xas long as short
Lighter RH ETH+0.0096%1h2,740.3+0.078%$23.5M$106.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,738.10.000%—$31.0M500xas long as short
Aevo ETH-PERP+0.0096%1h2,736.8−0.047%$4.9M$155K20xas long as short
MEXC ETH_USDT+0.0098%8h2,738.2+0.002%$1.56B$2.53B500xas long as short
Binance ETHUSDT+0.0098%8h2,738.6+0.018%$6.37B$15.89B150xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,743.9+0.212%$15.6M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,738.6+0.018%$499K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,739.2+0.041%$13.6M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,740.5+0.087%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,740.3+0.078%$31.9M$334.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,738.2+0.003%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,739.5+0.049%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,733.7−0.163%$169.4M$313.3M25xas long as short
Gate ETH_USDTshort+0.0100%8h2,739.4+0.047%$3.34B$8.81B200x
Bitget ETHUSDT+0.0100%8h2,738.2+0.004%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,738.3+0.008%$15.0M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,737.3−0.029%$134.0M$324.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,737−0.040%$184.1M$671.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,736.6−0.056%$159.2M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,738.9+0.028%$21.1M$68.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,739.5+0.050%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,740+0.069%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,739+0.033%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,741.2+0.111%$41.4M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,737.9−0.007%$961K$11.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,739.2+0.039%$54.6M$187.6M40xas long as short
Extended ETH-USD+0.0104%1h2,738.4+0.009%$30.4M$72.9M50xas long as short
RISEx ETH/USDC+0.0107%1h2,739.5+0.049%$5.7M$11.7M25xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,740.4+0.083%$51.4M$4.28B50xas long as short
Aftermath Perps ETHUSD+0.0116%1h2,736.7−0.051%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0129%8h2,738.9+0.028%$6.8M$679.4M4.9xas long as short
Deribit ETH-PERPETUAL+0.0188%1h2,740.7+0.092%$260.1M$197.1M50xas long as short
Orderly PERP_ETH_USDC+0.0199%8h2,741.7+0.130%$32.3M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0216%1h2,737.4−0.028%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,739.8+0.061%$83.3M$314.9M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,739.2+0.039%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0387%8h2,737.2−0.033%$283.5M$175.9M150xas long as short