After costs, if the gap returns to its 7d average, $10k−$24
spread now−0.070%7d average−0.017%fees + slippage, in and out−$19spread needed0.187%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) ETH/USD | 2,763.7 | L +0.0006% / S −0.0006% | pay 0.0001% / 1h | 29m 48s | $22.4M | — | 200x |
| Short | Backpack ETH_USDC_PERP | 2,761.7 | 0.0100 | get 0.0013% / 1h | 29m 48s | $15.3M | $39.5M | 50x |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$7.02
- Funding while held
- $2.81
- Slippage, 4 orders
- −$1.7
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$22.91
- Spread needed to break even
- 0.187%
Slippage from gTrade (Gains Network): virtual book (oracle venue), 1 min ago; Backpack: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0094%
- Per $10,000 a day
- +$2.81
- Average in range /8h
- —
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 gTrade (Gains Network) virtual book (oracle venue), 1 min ago | 0.52 bp | 4.0 bp −$4 | 4.1 bp −$41 | 5.0 bp −$501 | 8.9 bp −$4,454 |
| Sell Backpack live order book, 1 min ago | 0.02 bp | 5.4 bp −$5 | 6.3 bp −$63 | 15.4 bp −$1,544 | doesn't fit |
ETH price on every exchange
against the cheapest. Click to use as the short leg.ETH on 54 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni ETHUSDT | −0.331% | +0.0034% | 1h | $7.9M | $28.0M | 100x | as long as short |
| Bulk ETH-USD | −0.286% | +0.0063% | 1h | $157.8M | $272.8M | 25x | as long as short |
| edgeX ETHUSDC | −0.249% | +0.0100% | 4h | $178.7M | $764.0M | 100x | as long as short |
| Phoenix ETH | −0.234% | +0.0035% | 1h | $1.4M | $2.4M | 25x | as long as short |
| Injective ETH/USDC PERP | −0.227% | −0.0054% | 1h | $118K | $22.5M | 52x | as long as short |
| StandX ETH-USD | −0.198% | +0.0100% | 1h | $21.2M | $51.0M | 40x | as long as short |
| Aevo ETH-PERP | −0.149% | +0.0080% | 1h | $5.0M | $723K | 20x | as long as short |
| MEXC ETH_USDT | −0.135% | +0.0077% | 8h | $1.52B | $2.46B | 500x | as long as short |
| OKX ETH-USDT-SWAP | −0.131% | +0.0013% | 8h | $1.72B | $11.27B | 100x | as long as short |
| Extended ETH-USD | −0.131% | +0.0104% | 1h | $31.7M | $78.6M | 50x | as long as short |
Show all 54 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance ETHUSDT | −0.130% | +0.0078% | 8h | $6.57B | $15.94B | 150x | as long as short |
| Bitget ETHUSDT | −0.118% | +0.0077% | 8h | $2.10B | $3.16B | 150x | as long as short |
| BingX ETH-USDT | −0.113% | +0.0100% | 8h | — | $1.11B | — | as long as short |
| Gate ETH_USDT | −0.111% | +0.0100% | 8h | $3.46B | $8.86B | 200x | as long as short |
| KuCoin ETHUSDTM | −0.109% | +0.0100% | 8h | $409.7M | $688.1M | 100x | as long as short |
| Aftermath Perps ETHUSD | −0.099% | +0.0280% | 1h | $29K | $27K | 20x | as long as short |
| Bybit ETHUSDT | −0.099% | +0.0100% | 8h | $2.53B | $4.46B | 150x | as long as short |
| HTX ETH-USDT | −0.096% | +0.0058% | 8h | $1.09B | $1.20B | 200x | as long as short |
| SoDEX ETH-USD | −0.093% | +0.0027% | 1h | $55.7M | $161.9M | 40x | as long as short |
| Phemex ETHUSDT | −0.092% | −0.0045% | 8h | $266.2M | $66.8M | 150x | as long as short |
| Aster ETHUSDT | −0.084% | +0.0100% | 8h | $273.7M | $881.8M | 200x | as long as short |
| Reya ETHRUSDPERP | −0.082% | +0.0172% | 1h | $7.4M | $964K | 25x | as long as short |
| Variational Omni ETH | −0.079% | +0.0100% | 8h | $145.4M | $312.0M | — | as long as short |
| Backpack ETH_USDC_PERPshort | −0.070% | +0.0100% | 1h | $15.3M | $39.5M | 50x | |
| Polymarket Perps ETH-USD | −0.068% | +0.0100% | 1h | $10.8M | $5.5M | 50x | as long as short |
| Lighter ETH | −0.063% | +0.0096% | 1h | $116.9M | $497.6M | 50x | as long as short |
| Vest ETH-PERP | −0.061% | +0.0100% | 1h | — | $1.1M | 50x | as long as short |
| Ondo Perps ETH-USD.P | −0.060% | +0.0100% | 1h | $3.0M | $14.9M | 25x | as long as short |
| SunX ETH-USDT | −0.058% | +0.0083% | 8h | $952K | $14.6M | 100x | as long as short |
| Jupiter Perps ETH-PERP | −0.057% | L +0.0096% / S +0.0048% | 1h | — | $44.7M | 500x | as long as short |
| Katana Perps ETH-USD | −0.057% | +0.0100% | 8h | $473K | $2.2M | 50x | as long as short |
| Nado ETH-PERP | −0.054% | +0.0100% | 1h | $17.8M | $111.8M | 50x | as long as short |
| Bullet ETH-USD | −0.050% | +0.0100% | 1h | $199K | $1.9M | 20x | as long as short |
| 01 Exchange ETHUSD | −0.046% | +0.0056% | 1h | $181K | $1.2M | 50x | as long as short |
| RISEx ETH/USDC | −0.043% | +0.0122% | 1h | $5.8M | $13.0M | 25x | as long as short |
| Arcus ETH-USD | −0.040% | +0.0100% | 1h | $2.7M | $16.1M | 25x | as long as short |
| Bluefin ETH-PERP | −0.038% | +0.3188% | 1h | $21K | $26K | 25x | as long as short |
| Pacifica ETH | −0.032% | +0.0100% | 1h | $31.3M | $219.7M | 50x | as long as short |
| Perpl ETH | −0.030% | −0.0447% | 43m | $422K | $6.2M | 8.3x | as long as short |
| Lighter RH ETH | −0.030% | +0.0096% | 1h | $25.3M | $117.6M | 50x | as long as short |
| Kraken Futures PF_ETHUSD | −0.029% | +0.0262% | 1h | $86.9M | $314.7M | 100x | as long as short |
| Deribit ETH-PERPETUAL | −0.014% | +0.0108% | 1h | $260.8M | $214.1M | 50x | as long as short |
| GMX ETH/USD [ETH-USDC] | −0.011% | L −0.0013% / S +0.0045% | 1h | $11.8M | — | 200x | as long as short |
| dYdX ETH-USD | −0.010% | 0.0000% | 1h | $16.6M | $34.0M | 50x | as long as short |
| Coinbase International ETH-PERP-INTX | −0.007% | +0.0120% | 1h | $60.4M | $4.75B | 50x | as long as short |
| Kalshi KXETHPERP | −0.003% | +0.0129% | 8h | $10.2M | $560.6M | 4.9x | as long as short |
| gTrade (Gains Network) ETH/USDlong | 0.000% | L +0.0006% / S −0.0006% | 1h | $22.4M | — | 200x | |
| Orderly PERP_ETH_USDC | +0.007% | +0.0191% | 8h | $32.4M | $10.9M | 100x | as long as short |
| BloFin ETH-USDT | +0.015% | +0.0198% | 8h | $292.4M | $176.9M | 150x | as long as short |
| Hotstuff ETH-PERP | +0.030% | −0.0080% | 1h | $5K | $2K | 50x | as long as short |
| Derive ETH-PERP | +0.031% | +0.0145% | 1h | $42.8M | $27.7M | 15x | as long as short |
| Hyperliquid ETH | +0.034% | +0.0490% | 1h | $3.31B | $2.17B | 25x | as long as short |
| Paradex ETH-USD-PERP | +0.107% | +0.0100% | 8h | $15.0M | $11.7M | 50x | as long as short |
| Hibachi ETH/USDT-P | +0.111% | +0.0088% | 1h | $291K | $1.3M | 20x | as long as short |
gTrade (Gains Network) ETH/USD
Backpack ETH_USDC_PERP
ApeX Omni
Bulk
Phoenix
Injective
StandX
MEXC
OKX
Extended
Binance
Bitget
BingX
Gate
KuCoin
Bybit
HTX
SoDEX
Phemex
Aster
Variational Omni
Polymarket Perps
Lighter
SunX
Katana Perps
Bullet
RISEx
Bluefin
Pacifica
Lighter RH
Kraken Futures
Deribit
GMX
Coinbase International
BloFin
Derive
Hyperliquid
Paradex