ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.022%

Price spread now: Binance against gTrade (Gains Network)−0.046%7-day average −0.005% · 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−$22as in the Price arb table

costs, in and out, $10k−$180.181% of the position

Long on gTrade (Gains Network)Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.077%+$8 on $10k

Price spread, last 7 days+0.031%+$3 · spread now −0.046%, 7d avg −0.005%

Together, before fees+0.108%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.041% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of −0.005%). If the spread goes back, that is −$4 on $10k: about 37 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ETH/USD	2,733	L +0.0007% / S −0.0006%	pay 0.0001% / 1h	47m 43s	$33.0M	—	200x
Short	Binance ETHUSDT	2,731.8	0.0095	get 0.0095% / 8h	7h 47m	$6.32B	$16.06B	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now −0.046%Rate

Funding earned: $18.48
Price spread: −0.046% → −0.005%: −$4.08
Slippage, 4 orders: −$1.12
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$3.71
Costs to cover: 0.181%
Break-even: 8.4 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 1 min ago; Binance: live order book, 11 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 gTrade (Gains Network) virtual book (oracle venue), 1 min ago	0.53 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$499	8.9 bp −$4,441
Sell Binance live order book, 11 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	6.2 bp −$618	8.8 bp −$4,393

ETH on 55 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
Phemex ETHUSDT	−0.0133%	8h	2,732.4	−0.022%	$263.3M	$63.8M	150x	as long as short
Perpl ETH	−0.0112%	43m	2,731.1	−0.071%	$277K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,732.3	−0.027%	$5K	$1K	50x	as long as short
BloFin ETH-USDT	−0.0015%	8h	2,731.2	−0.068%	$280.8M	$177.8M	150x	as long as short
Phoenix ETH	−0.0012%	1h	2,731	−0.075%	$806K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,732.8	−0.009%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,732.7	−0.014%	$10.6M	$41.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,732	−0.038%	$6.7M	$672.3M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,733.1	+0.001%	$264.7M	$218.9M	50x	as long as short
gTrade (Gains Network) ETH/USDlong	L +0.0007% / S −0.0006%	1h	2,733	long leg	$33.0M	—	200x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0016%	8h	2,731.7	−0.050%	$2.32B	$4.31B	150x	as long as short
HTX ETH-USDT	+0.0022%	8h	2,731.7	−0.050%	$1.05B	$1.21B	200x	as long as short
ApeX Omni ETHUSDT	+0.0037%	1h	2,728.2	−0.178%	$8.4M	$31.2M	100x	as long as short
01 Exchange ETHUSD	+0.0056%	1h	2,732.5	−0.020%	$191K	$883K	50x	as long as short
OKX ETH-USDT-SWAP	+0.0079%	8h	2,731.7	−0.050%	$1.66B	$10.73B	100x	as long as short
Hibachi ETH/USDT-P	+0.0080%	1h	2,731.9	−0.042%	$241K	$1.4M	20x	as long as short
Aster ETHUSDT	+0.0086%	8h	2,732	−0.038%	$252.4M	$850.8M	200x	as long as short
KuCoin ETHUSDTM	+0.0086%	8h	2,732	−0.038%	$383.6M	$576.7M	100x	as long as short
MEXC ETH_USDT	+0.0094%	8h	2,731.9	−0.044%	$1.57B	$2.55B	500x	as long as short
Binance ETHUSDTshort	+0.0095%	8h	2,731.8	−0.046%	$6.32B	$16.06B	150x
SoDEX ETH-USD	+0.0096%	1h	2,732.3	−0.027%	$54.4M	$182.5M	40x	as long as short
Lighter ETH	+0.0096%	1h	2,732.4	−0.022%	$112.6M	$401.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,733.5	+0.017%	$23.7M	$95.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,731.9	−0.041%	—	$30.5M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,729.8	−0.120%	$4.9M	$195K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,731.9	−0.042%	$499K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,735.1	+0.077%	$15.4M	$7.3M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,731	−0.076%	$14.1M	$100.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,734.3	+0.046%	$3.11B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,733.1	+0.002%	$32.0M	$332.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,732.4	−0.023%	$2.7M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,732.2	−0.030%	$1.6M	$16.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,731.8	−0.046%	$3.28B	$8.23B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,731.9	−0.042%	$2.11B	$2.75B	150x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,731.3	−0.065%	—	$18.7M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,732.3	−0.028%	$15.2M	$39.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,730.3	−0.099%	$131.3M	$316.0M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,727.1	−0.217%	$185.5M	$684.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,729	−0.149%	$158.7M	$80.6M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,731.9	−0.042%	$21.0M	$70.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,733.3	+0.011%	—	$441K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,732.8	−0.009%	$11.2M	$9.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,732.4	−0.022%	$177K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,732.7	−0.011%	$20K	$23K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,732.5	−0.021%	$40.6M	$29.1M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,730.5	−0.094%	$946K	$10.6M	100x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,730.8	−0.082%	$162.8M	$334.7M	25x	as long as short
Aftermath Perps ETHUSD	+0.0104%	1h	2,729.8	−0.119%	$30K	$20K	20x	as long as short
Extended ETH-USD	+0.0104%	1h	2,730.9	−0.080%	$30.5M	$71.2M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,732.8	−0.007%	$82.0M	$310.0M	100x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,733.5	+0.017%	$46.5M	$4.25B	50x	as long as short
RISEx ETH/USDC	+0.0137%	1h	2,732.3	−0.028%	$5.6M	$11.4M	25x	as long as short
Reya ETHRUSDPERP	+0.0174%	1h	2,731.4	−0.062%	$7.3M	$972K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0186%	8h	2,734.8	+0.063%	$32.2M	$11.2M	100x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,731.3	−0.064%	$117K	$19.3M	52x	as long as short