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 03:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.013%
Price spread now: Bitget against gTrade (Gains Network)+0.024%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$200.201% of the position
Long on gTrade (Gains Network)Short on Bitget
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.056%+$6 on $10k
Price spread, last 7 days−0.052%−$5 · spread now +0.024%, 7d avg −0.008%
Together, before fees+0.003%$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.032% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ETH/USD2,741.6L +0.0006% / S −0.0006%pay 0.0001% / 1h35m 58s$22.1M—200x
ShortBitget ETHUSDT2,742.20.0100get 0.0100% / 8h5h 35m$2.08B$2.73B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$19.7
Price spread: +0.024% → −0.008%
$3.17
Slippage, 4 orders
−$1.09
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Bitget: 6 bp × 2 orders
−$12
Net
$2.77
Costs to cover
0.201%
Break-even
6.0 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 3 min ago; Bitget: live order book, 3 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 gTrade (Gains Network) virtual book (oracle venue), 3 min ago0.51 bp4.0 bp −$44.1 bp −$415.0 bp −$5008.9 bp −$4,450
Sell Bitget live order book, 3 min ago0.02 bp6.0 bp −$66.4 bp −$648.0 bp −$8019.4 bp −$4,722

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
Hotstuff ETH-PERP−0.0080%1h2,739.8−0.065%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1+0.056%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,741.3−0.011%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,740.4−0.042%$10.8M$41.8M50xas long as short
Perpl ETH0.0000%43m2,740.7−0.031%$304K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0006% / S −0.0006%1h2,741.6long leg$22.1M—200x
Phoenix ETH+0.0017%1h2,744.7+0.114%$846K$2.9M25xas long as short
01 Exchange ETHUSD+0.0040%1h2,740.9−0.024%$182K$916K50xas long as short
BingX ETH-USDC+0.0049%8h2,741.1−0.018%—$18.5M—as long as short
KuCoin ETHUSDTM+0.0063%8h2,741.7+0.005%$383.1M$597.1M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0063%1h2,738.7−0.105%$8.8M$31.0M100xas long as short
OKX ETH-USDT-SWAP+0.0064%8h2,741.2−0.012%$1.70B$10.57B100xas long as short
RISEx ETH/USDC+0.0077%1h2,740.9−0.023%$5.6M$11.2M25xas long as short
Bullet ETH-USD+0.0078%1h2,740.8−0.028%$180K$1.7M20xas long as short
Aster ETHUSDT+0.0078%8h2,741.5−0.003%$252.2M$841.3M200xas long as short
Aevo ETH-PERP+0.0088%1h2,739.6−0.073%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0088%8h2,741.5−0.003%$6.37B$15.70B150xas long as short
MEXC ETH_USDT+0.0089%8h2,742.1+0.020%$1.56B$2.54B500xas long as short
HTX ETH-USDT+0.0094%8h2,741.7+0.006%$1.06B$1.18B200xas long as short
Lighter ETH+0.0096%1h2,742.5+0.035%$112.7M$433.0M50xas long as short
Lighter RH ETH+0.0096%1h2,743.8+0.081%$24.6M$103.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741−0.021%—$30.7M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,743.4+0.065%$58.6M$4.27B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,744.7+0.113%$16.0M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,739.7−0.068%$468K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,739.8−0.064%$13.9M$105.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,744.1+0.092%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,741.4−0.006%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,741.4−0.008%$2.45B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.9−0.024%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,741.3−0.008%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.5+0.071%$165.1M$304.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,741.6+0.002%$3.39B$8.72B200xas long as short
Bitget ETHUSDTshort+0.0100%8h2,742.2+0.024%$2.08B$2.73B150x
Backpack ETH_USDC_PERP+0.0100%1h2,741.5−0.003%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.7−0.032%$132.6M$333.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,739.2−0.085%$182.0M$689.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,738.8−0.100%$159.2M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,739.4−0.079%$21.2M$68.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,740.6−0.036%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,741.3−0.010%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,743.4+0.068%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,739.9−0.062%$960K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,742+0.016%$54.6M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,741.9+0.011%$266.7M$65.0M150xas long as short
Extended ETH-USD+0.0104%1h2,741.3−0.011%$30.6M$72.4M50xas long as short
Aftermath Perps ETHUSD+0.0134%1h2,741.2−0.014%$30K$20K20xas long as short
Bluefin ETH-PERP+0.0139%1h2,741.4−0.006%$21K$20K25xas long as short
Kalshi KXETHPERP+0.0157%8h2,741.1−0.017%$7.6M$669.3M4.9xas long as short
Deribit ETH-PERPETUAL+0.0158%1h2,743.2+0.060%$258.7M$196.1M50xas long as short
Orderly PERP_ETH_USDC+0.0189%8h2,743.5+0.069%$32.3M$11.4M100xas long as short
BloFin ETH-USDT+0.0209%8h2,738.6−0.109%$284.5M$181.8M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,742.9+0.050%$87.1M$310.2M100xas long as short
Reya ETHRUSDPERP+0.0226%1h2,739.8−0.064%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,741.4−0.005%$252K$1.4M20xas long as short