Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 05:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.028%
Price spread now: Katana Perps against gTrade (Gains Network)−0.029%7-day average −0.043% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.094%+$9 on $10k
Price spread, last 7 days−0.041%−$4 · spread now −0.029%, 7d avg −0.043%
Together, before fees+0.053%+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.043%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ETH/USD2,732.3L +0.0007% / S −0.0006%pay 0.0001% / 1h20m 27s$28.1M—200x
ShortKatana Perps ETH-USD2,731.50.0100get 0.0100% / 8h3h 20m$499K$3.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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
$19.59
Price spread: −0.029% → −0.043%
$1.46
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
$10.24
Costs to cover
0.108%
Break-even
3.3 days
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 4 min ago; Katana 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), 4 min ago0.51 bp4.0 bp −$44.1 bp −$415.0 bp −$5018.9 bp −$4,452
Sell Katana Perps no order-book sample—————
Katana 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−0.0335%43m2,731.6−0.027%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,731−0.047%$5K$1K50xas long as short
HTX ETH-USDT−0.0016%8h2,730.6−0.060%$1.06B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.2−0.002%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,731.7−0.022%$817K$2.9M25xas long as short
Kalshi KXETHPERP0.0000%8h2,731.2−0.040%$6.4M$684.8M4.9xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0007% / S −0.0006%1h2,732.3long leg$28.1M—200x
dYdX ETH-USD+0.0008%1h2,731.1−0.044%$10.7M$42.1M50xas long as short
Bullet ETH-USD+0.0024%1h2,731.7−0.022%$178K$1.7M20xas long as short
BingX ETH-USDT+0.0030%8h2,731.8−0.020%—$1.14B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0036%8h2,731.6−0.026%$2.36B$4.38B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,732.4+0.004%$187K$814K50xas long as short
Deribit ETH-PERPETUAL+0.0054%1h2,732−0.011%$258.6M$201.7M50xas long as short
SunX ETH-USDT+0.0065%8h2,730.4−0.069%$957K$11.2M100xas long as short
ApeX Omni ETHUSDT+0.0066%1h2,728.1−0.155%$8.6M$31.1M100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,731.9−0.015%$377.6M$574.8M100xas long as short
OKX ETH-USDT-SWAP+0.0076%8h2,732−0.011%$1.67B$10.76B100xas long as short
Aster ETHUSDT+0.0080%8h2,731.8−0.017%$250.9M$840.3M200xas long as short
Aevo ETH-PERP+0.0080%1h2,729.3−0.111%$4.9M$155K20xas long as short
SoDEX ETH-USD+0.0081%1h2,730.8−0.055%$54.4M$187.7M40xas long as short
Phemex ETHUSDT+0.0082%8h2,730.2−0.076%$264.6M$64.9M150xas long as short
MEXC ETH_USDT+0.0086%8h2,731.8−0.017%$1.55B$2.57B500xas long as short
Binance ETHUSDT+0.0087%8h2,731.8−0.017%$6.33B$15.94B150xas long as short
Lighter ETH+0.0096%1h2,731−0.046%$112.4M$434.7M50xas long as short
Lighter RH ETH+0.0096%1h2,731.8−0.018%$23.4M$104.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,730.8−0.056%—$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,733.1+0.030%$117K$22.5M52xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,731.5−0.029%$499K$3.4M50x
Paradex ETH-USD-PERP+0.0100%8h2,733.5+0.046%$15.6M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,730.2−0.077%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.1+0.066%$3.09B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,732.5+0.007%$31.8M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732−0.011%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.6+0.012%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.2−0.149%$169.5M$307.4M25xas long as short
Gate ETH_USDT+0.0100%8h2,732−0.012%$3.33B$8.92B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.1−0.007%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,730.4−0.068%$14.9M$40.6M50xas long as short
Variational Omni ETH+0.0100%8h2,730.3−0.071%$134.3M$322.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,728.1−0.154%$183.5M$671.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,729.6−0.098%$158.8M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,730.7−0.058%$21.0M$69.8M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.5+0.044%$11.2M$9.4M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,731.9−0.016%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,733.1+0.028%$41.0M$29.9M15xas long as short
Vest ETH-PERP+0.0100%1h2,732.3+0.001%—$845K50xas long as short
Extended ETH-USD+0.0104%1h2,731.3−0.037%$30.5M$73.4M50xas long as short
RISEx ETH/USDC+0.0107%1h2,732.6+0.012%$5.6M$11.8M25xas long as short
Aftermath Perps ETHUSD+0.0109%1h2,731.8−0.019%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,731.7−0.023%$50.6M$4.28B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,731.5−0.028%$83.6M$315.9M100xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,733.6+0.048%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0209%1h2,731.4−0.032%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,732.8+0.018%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0346%8h2,730.1−0.079%$282.9M$174.8M150xas long as short