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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 04:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.016%
Price spread now: Jupiter Perps against gTrade (Gains Network)+0.019%7-day average +0.003% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on Jupiter Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.058%−$6 on $10k
Price spread, last 4 days (all we have)−0.075%−$7 · spread now +0.019%, 7d avg +0.003%
Together, before fees−0.133%−$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ETH/USD2,734.1L +0.0007% / S −0.0007%pay 0.0001% / 1h21m 57s$28.1M—200x
ShortJupiter Perps ETH-PERP2,734.6L +0.0096% / S +0.0056%pay 0.0007% / 1h21m 57s—$30.9M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$13.19
Price spread: +0.019% → +0.003%
$1.61
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$30.58
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 2 min ago; Jupiter Perps: no order-book sample. Net counts fees only.

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), 2 min ago0.53 bp4.0 bp −$44.1 bp −$415.0 bp −$5018.9 bp −$4,453
Sell Jupiter Perps no order-book sample—————
Jupiter Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Perpl ETH−0.0447%43m2,734.9+0.030%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,735.3+0.045%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,734.9+0.030%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,734−0.004%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,735.1+0.038%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,735.2+0.041%$187K$823K50xas long as short
Phoenix ETH0.0000%1h2,735+0.034%$830K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0007% / S −0.0007%1h2,734.1long leg$28.1M—200x
Bullet ETH-USD+0.0008%1h2,733.6−0.017%$179K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0043%1h2,735+0.032%$8.7M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0048%8h2,731.7−0.087%$1.06B$1.20B200xas long as short
BingX ETH-USDC+0.0055%8h2,732.8−0.048%—$18.4M—as long as short
Bybit ETHUSDT+0.0063%8h2,732.8−0.046%$2.39B$4.35B150xas long as short
KuCoin ETHUSDTM+0.0065%8h2,732.9−0.043%$380.1M$574.6M100xas long as short
OKX ETH-USDT-SWAP+0.0071%8h2,733.1−0.037%$1.67B$10.71B100xas long as short
Phemex ETHUSDT+0.0071%8h2,733.6−0.017%$265.8M$65.3M150xas long as short
SoDEX ETH-USD+0.0085%1h2,733.7−0.014%$54.4M$187.6M40xas long as short
Aster ETHUSDT+0.0087%8h2,733.5−0.023%$251.0M$842.7M200xas long as short
MEXC ETH_USDT+0.0094%8h2,733.1−0.034%$1.55B$2.56B500xas long as short
Binance ETHUSDT+0.0095%8h2,733.5−0.022%$6.35B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,733.8−0.011%$112.9M$440.1M50xas long as short
Lighter RH ETH+0.0096%1h2,734.3+0.009%$23.4M$106.5M50xas long as short
Jupiter Perps ETH-PERPshortL +0.0096% / S +0.0056%1h2,734.6+0.019%—$30.9M500x
Aevo ETH-PERP+0.0096%1h2,731.3−0.103%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,738.6+0.166%$15.6M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,735.1+0.037%$5.5M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,734.7+0.023%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,733.8−0.010%$13.8M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.7+0.023%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,734.8+0.027%$31.9M$334.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,734.1+0.001%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,735.2+0.041%$1.6M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,733.4−0.025%$3.34B$8.90B200xas long as short
Bitget ETHUSDT+0.0100%8h2,733.2−0.032%$2.07B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.2−0.067%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,732.8−0.048%$133.6M$325.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,733.7−0.015%$183.9M$671.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,733.7−0.014%$159.0M$86.6M50xas long as short
StandX ETH-USD+0.0100%1h2,734.3+0.008%$21.1M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,735.1+0.037%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,735.8+0.063%$11.2M$9.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,734.6+0.018%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,735.6+0.056%$41.3M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,733.7−0.012%$958K$11.3M100xas long as short
Bulk ETH-USD+0.0100%1h2,734.8+0.028%$164.8M$300.4M25xas long as short
Extended ETH-USD+0.0104%1h2,732.4−0.062%$30.3M$72.5M50xas long as short
Deribit ETH-PERPETUAL+0.0108%1h2,735+0.033%$260.1M$195.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,734.9+0.029%$51.4M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0116%1h2,735+0.034%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0139%8h2,734.4+0.012%$6.7M$678.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,736.2+0.077%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0219%1h2,733.1−0.037%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,734.3+0.008%$83.3M$314.7M100xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,736+0.072%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0379%8h2,735.3+0.044%$282.7M$175.2M150xas long as short