ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0198%/8h= −21.7% APRnext payment −$0.25 per $10,000 · paid last 24h −0.020%

Price spread now: gTrade (Gains Network) against dYdX−0.016%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on dYdX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.262%−$26 on $10k

Price spread, last 7 days+0.046%+$5 · spread now −0.016%, 7d avg +0.009%

Together, before fees−0.216%−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and gTrade (Gains Network) is 0.026% cheaper against dYdX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ETH-USD	2,747.8	0.0204	pay 0.0026% / 1h	53m 46s	$15.2M	$42.7M	50x
Short	gTrade (Gains Network) ETH/USD	2,747.4	L +0.0007% / S −0.0006%	get 0.0001% / 1h	53m 46s	$33.2M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against dYdX. 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 dYdXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.016%Rate

Funding earned: −$41.62
Price spread: −0.016% → +0.009%: −$2.57
Slippage, 4 orders: −$8.38
Fee dYdX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$69.57
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from dYdX: live order book, 23 min ago; gTrade (Gains Network): virtual book (oracle exchange), 3 min ago.

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 dYdX live order book, 23 min ago	3.64 bp	8.6 bp −$9	10.0 bp −$100	14.7 bp −$1,469	25.5 bp −$12.7K
Sell gTrade (Gains Network) virtual book (oracle exchange), 3 min ago	0.53 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$501	8.9 bp −$4,458

ETH on 54 exchanges

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
Hibachi ETH/USDT-P	−0.0120%	1h	2,748.6	+0.027%	$235K	$1.2M	20x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,749.4	+0.058%	$5K	$1K	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,750	+0.079%	$809K	$2.8M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0009% / S +0.0043%	1h	2,747.4	−0.014%	$12.2M	—	200x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,748.2	+0.014%	$7.2M	$661.1M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,747.9	+0.002%	$269K	$5.0M	8.3x	as long as short
Bybit ETHUSDT	+0.0005%	8h	2,747.7	−0.004%	$2.37B	$3.81B	150x	as long as short
gTrade (Gains Network) ETH/USDshort	L +0.0007% / S −0.0006%	1h	2,747.4	−0.016%	$33.2M	—	200x
ApeX Omni ETHUSDT	+0.0024%	1h	2,748.5	+0.025%	$8.3M	$25.3M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0068%	8h	2,747.5	−0.010%	$1.67B	$9.24B	100x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0072%	1h	2,748.4	+0.021%	$182K	$932K	50x	as long as short
Gate ETH_USDT	+0.0083%	8h	2,748.1	+0.011%	$3.27B	$7.68B	200x	as long as short
Aster ETHUSDT	+0.0084%	8h	2,748	+0.005%	$257.9M	$720.7M	200x	as long as short
KuCoin ETHUSDTM	+0.0088%	8h	2,747.9	+0.004%	$365.2M	$441.2M	100x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,745.3	−0.092%	$4.9M	$214K	20x	as long as short
MEXC ETH_USDT	+0.0089%	8h	2,747.8	−0.002%	$1.60B	$2.34B	500x	as long as short
Binance ETHUSDT	+0.0090%	8h	2,747.8	−0.001%	$6.41B	$14.03B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,748.2	+0.014%	$113.9M	$383.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,749.4	+0.057%	$23.7M	$94.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,747.9	+0.003%	—	$23.6M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,748.5	+0.026%	$46.2M	$3.90B	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,747.4	−0.015%	$506K	$3.5M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,747.5	−0.011%	$14.6M	$96.0M	50x	as long as short
Pacifica ETH	+0.0100%	1h	2,748.9	+0.039%	$32.4M	$325.1M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,747.8	−0.001%	$2.8M	$14.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,748.8	+0.035%	$1.5M	$14.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,749.3	+0.053%	$164.5M	$330.2M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,747.6	−0.007%	$2.11B	$2.30B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,748.3	+0.016%	—	$946.3M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,747.1	−0.025%	$14.9M	$36.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,747.8	+0.001%	$132.6M	$290.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,748.3	+0.018%	$185.2M	$607.0M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,749.9	+0.075%	$159.9M	$69.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,748.6	+0.029%	$21.1M	$75.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,749.4	+0.056%	—	$348K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,749.2	+0.050%	$11.3M	$8.6M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,747.6	−0.008%	$177K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,747.9	+0.004%	$20K	$14K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,747.8	−0.001%	$946K	$8.6M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,747.7	−0.004%	$61.9M	$121.8M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,747.4	−0.016%	$1.05B	$1.05B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,747.6	−0.010%	$264.0M	$56.4M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,747.7	−0.003%	$30.5M	$65.2M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,747.8	+0.001%	$82.5M	$274.0M	100x	as long as short
Aftermath Perps ETHUSD	+0.0106%	1h	2,748.7	+0.033%	$30K	$8K	20x	as long as short
Deribit ETH-PERPETUAL	+0.0110%	1h	2,748.9	+0.038%	$266.7M	$185.3M	50x	as long as short
Reya ETHRUSDPERP	+0.0157%	1h	2,746.8	−0.037%	$7.3M	$832K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0174%	8h	2,750	+0.078%	$32.4M	$9.9M	100x	as long as short
dYdX ETH-USDlong	+0.0204%	1h	2,747.8	long leg	$15.2M	$42.7M	50x
RISEx ETH/USDC	+0.0206%	1h	2,748.9	+0.038%	$5.7M	$10.6M	25x	as long as short
Hyperliquid ETH	+0.0256%	1h	2,750.9	+0.112%	$3.16B	$1.73B	25x	as long as short
BloFin ETH-USDT	+0.0360%	8h	2,748.9	+0.041%	$283.3M	$149.9M	150x	as long as short
Injective ETH/USDC PERP	+0.0461%	1h	2,751.5	+0.134%	$118K	$21.7M	52x	as long as short
Paradex ETH-USD-PERP	+0.0538%	8h	2,752.3	+0.162%	$16.0M	$6.2M	50x	as long as short