ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0113%/8h= +12.4% APRnext payment +$0.14 per $10,000 · paid last 24h +0.027%

Price spread now: Coinbase International against gTrade (Gains Network)+0.014%7-day average +0.022% · 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−$19as in the Price arb table

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

Long on gTrade (Gains Network)Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.089%+$9 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.014%, 7d avg +0.022%

Together, before fees+0.005%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

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	28m 02s	$28.1M	—	200x
Short	Coinbase International ETH-PERP-INTX	2,733.4	0.0120	get 0.0015% / 1h	28m 02s	$50.9M	$4.28B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.014%Rate

Funding earned: $23.83
Price spread: +0.014% → +0.022%: −$0.8
Slippage, 4 orders: −$1.13
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $4.89
Costs to cover: 0.181%
Break-even: 5.6 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 1 min ago; Coinbase International: live order book, 1 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 −$500	8.9 bp −$4,454
Sell Coinbase International live order book, 1 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	6.2 bp −$622	18.4 bp −$9,220

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
Perpl ETH	−0.0335%	43m	2,733.9	+0.031%	$297K	$5.6M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,734.6	+0.058%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,733	0.000%	$11.9M	—	200x	as long as short
HTX ETH-USDT	−0.0007%	8h	2,732	−0.037%	$1.06B	$1.20B	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,739	+0.219%	$821K	$2.9M	25x	as long as short
dYdX ETH-USD	+0.0004%	1h	2,734.2	+0.045%	$10.7M	$42.0M	50x	as long as short
gTrade (Gains Network) ETH/USDlong	L +0.0007% / S −0.0006%	1h	2,733	long leg	$28.1M	—	200x
Bullet ETH-USD	+0.0025%	1h	2,732.5	−0.017%	$179K	$1.7M	20x	as long as short
BingX ETH-USDT	+0.0033%	8h	2,732.3	−0.027%	—	$1.14B	—	as long as short
Bybit ETHUSDT	+0.0041%	8h	2,732.2	−0.030%	$2.37B	$4.37B	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0048%	1h	2,734.2	+0.044%	$187K	$816K	50x	as long as short
KuCoin ETHUSDTM	+0.0068%	8h	2,732.4	−0.023%	$379.3M	$573.5M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0076%	1h	2,733.8	+0.029%	$259.5M	$200.2M	50x	as long as short
OKX ETH-USDT-SWAP	+0.0076%	8h	2,732.5	−0.018%	$1.67B	$10.73B	100x	as long as short
SunX ETH-USDT	+0.0077%	8h	2,733	−0.002%	$958K	$11.2M	100x	as long as short
Aster ETHUSDT	+0.0084%	8h	2,732.9	−0.005%	$251.0M	$841.9M	200x	as long as short
ApeX Omni ETHUSDT	+0.0085%	1h	2,737.8	+0.174%	$8.7M	$31.2M	100x	as long as short
Phemex ETHUSDT	+0.0086%	8h	2,733.4	+0.014%	$265.0M	$65.1M	150x	as long as short
MEXC ETH_USDT	+0.0092%	8h	2,732.3	−0.026%	$1.55B	$2.57B	500x	as long as short
Binance ETHUSDT	+0.0092%	8h	2,732.4	−0.023%	$6.35B	$15.89B	150x	as long as short
SoDEX ETH-USD	+0.0095%	1h	2,733.1	+0.003%	$54.4M	$187.7M	40x	as long as short
Lighter ETH	+0.0096%	1h	2,733.2	+0.005%	$112.6M	$432.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,734.3	+0.046%	$23.4M	$104.3M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,733.9	+0.033%	—	$30.9M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,731.3	−0.062%	$4.9M	$155K	20x	as long as short
Injective ETH/USDC PERP	+0.0096%	1h	2,735.8	+0.102%	$117K	$22.5M	52x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,733.4	+0.014%	$505K	$3.3M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,736.9	+0.144%	$15.6M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,734.1	+0.040%	$13.8M	$104.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,734.9	+0.070%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,734.6	+0.058%	$31.9M	$333.7M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,733.4	+0.014%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,734.9	+0.070%	$1.5M	$16.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,736.4	+0.125%	$170.3M	$327.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,732.5	−0.019%	$3.33B	$8.89B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,732.5	−0.019%	$2.07B	$2.72B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,732.6	−0.016%	$15.2M	$40.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,737.4	+0.161%	$133.6M	$321.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,736.2	+0.115%	$184.1M	$671.1M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,738.1	+0.186%	$159.3M	$86.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,735.7	+0.098%	$21.1M	$69.3M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,734.7	+0.063%	—	$844K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,734.9	+0.069%	$11.2M	$9.3M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,733.4	+0.013%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,734.6	+0.057%	$41.3M	$29.9M	15x	as long as short
Extended ETH-USD	+0.0104%	1h	2,731.6	−0.050%	$30.6M	$73.1M	50x	as long as short
RISEx ETH/USDC	+0.0107%	1h	2,734.7	+0.060%	$5.6M	$11.7M	25x	as long as short
Aftermath Perps ETHUSD	+0.0109%	1h	2,736.5	+0.128%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTXshort	+0.0120%	1h	2,733.4	+0.014%	$50.9M	$4.28B	50x
Kalshi KXETHPERP	+0.0127%	8h	2,734.2	+0.044%	$6.5M	$684.1M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0153%	1h	2,733.2	+0.006%	$83.3M	$315.0M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0196%	8h	2,734.9	+0.069%	$32.2M	$11.7M	100x	as long as short
Reya ETHRUSDPERP	+0.0211%	1h	2,732.3	−0.028%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0256%	1h	2,735.5	+0.092%	$245K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0370%	8h	2,734.2	+0.044%	$283.1M	$175.1M	150x	as long as short