ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%

Price spread now: Ondo Perps against gTrade (Gains Network)+0.113%45s7-day average −0.031% · 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 Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.090%+$9 on $10k

Price spread, last 3 days (all we have)−0.210%−$21 · spread now +0.113%, 7d avg −0.031%

Together, before fees−0.120%+ Points / potential airdropOndo Perps: Active · farm board−$12 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 Ondo Perps is 0.145% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.031%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ETH/USD	2,771.5	L +0.0006% / S −0.0006%	pay 0.0001% / 1h	28m 35s	$22.4M	—	200x
Short	Ondo Perps ETH-USD.P	2,774.6	0.0100	get 0.0013% / 1h	28m 35s	$2.8M	$16.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee Ondo PerpsbpOrdersPrice spread, now +0.113%Rate

Funding earned: $19.7
Price spread: +0.113% → −0.031%: $14.46
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $22.16
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 1 min ago; Ondo 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 1 min ago	0.52 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$499	8.9 bp −$4,446
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ETH/USDC PERP	−0.0752%	1h	2,772.9	+0.052%	$119K	$22.5M	52x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,773.4	+0.070%	$5.7M	$11.1M	25x	as long as short
Perpl ETH	−0.0112%	43m	2,770	−0.053%	$320K	$6.3M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,774.7	+0.117%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,773.3	+0.066%	$168K	$1.1M	50x	as long as short
Phoenix ETH	−0.0003%	1h	2,771.1	−0.013%	$878K	$3.7M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,775	+0.129%	$12.2M	$45.9M	50x	as long as short
gTrade (Gains Network) ETH/USDlong	L +0.0006% / S −0.0006%	1h	2,771.5	long leg	$22.4M	—	200x
Phemex ETHUSDT	+0.0021%	8h	2,770.5	−0.034%	$269.6M	$67.5M	150x	as long as short
Bullet ETH-USD	+0.0022%	1h	2,770.5	−0.035%	$184K	$1.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ETH/USD [ETH-USDC]	L +0.0025% / S +0.0009%	1h	2,771.2	−0.009%	$12.7M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0025%	8h	2,773.4	+0.070%	$1.71B	$11.18B	100x	as long as short
SoDEX ETH-USD	+0.0034%	1h	2,770.7	−0.027%	$55.2M	$188.0M	40x	as long as short
Aster ETHUSDT	+0.0042%	8h	2,774	+0.092%	$256.9M	$886.2M	200x	as long as short
MEXC ETH_USDT	+0.0055%	8h	2,774.7	+0.117%	$1.62B	$2.63B	500x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,768.2	−0.116%	$5.0M	$165K	20x	as long as short
Binance ETHUSDT	+0.0056%	8h	2,773.2	+0.062%	$6.49B	$16.34B	150x	as long as short
Aftermath Perps ETHUSD	+0.0067%	1h	2,771.6	+0.003%	$31K	$21K	20x	as long as short
Bitget ETHUSDT	+0.0072%	8h	2,774.4	+0.106%	$2.10B	$2.87B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,771.8	+0.014%	$60.4M	$4.44B	50x	as long as short
Vest ETH-PERP	+0.0082%	1h	2,773.2	+0.062%	—	$876K	50x	as long as short
KuCoin ETHUSDTM	+0.0083%	8h	2,774	+0.091%	$420.7M	$628.1M	100x	as long as short
Gate ETH_USDT	+0.0086%	8h	2,774.8	+0.121%	$3.36B	$9.00B	200x	as long as short
HTX ETH-USDT	+0.0092%	8h	2,770.9	−0.021%	$1.08B	$1.25B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,775.1	+0.132%	$115.4M	$457.8M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,776.7	+0.189%	$25.8M	$111.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,778.5	+0.254%	$16.0M	$8.7M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,773	+0.056%	$485K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,774.2	+0.099%	$14.8M	$114.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,776.9	+0.196%	$3.18B	$2.24B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,775.2	+0.135%	$31.3M	$325.2M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,773.2	+0.062%	$2.51B	$4.37B	150x	as long as short
Ondo Perps ETH-USD.Pshort	+0.0100%	1h	2,774.6	+0.113%	$2.8M	$16.8M	25x
Arcus ETH-USD	+0.0100%	1h	2,774.5	+0.110%	$2.8M	$16.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,772.8	+0.050%	$170.3M	$276.6M	25x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,774.3	+0.101%	—	$1.21B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,771.3	−0.007%	$15.2M	$42.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,770.6	−0.032%	$140.2M	$345.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,770.3	−0.042%	$181.9M	$787.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,770.9	−0.020%	$161.1M	$84.5M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,771	−0.017%	$8.7M	$32.2M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,770.3	−0.042%	$21.4M	$63.7M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,774.1	+0.095%	$10.5M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,771.5	+0.001%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,773	+0.055%	$42.6M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,769.2	−0.080%	$971K	$13.2M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,774.4	+0.104%	$31.0M	$74.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,771.2	−0.008%	—	$36.9M	500x	as long as short
Deribit ETH-PERPETUAL	+0.0111%	1h	2,772.5	+0.036%	$259.1M	$206.9M	50x	as long as short
Kalshi KXETHPERP	+0.0111%	8h	2,771.9	+0.016%	$8.0M	$681.6M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,772.1	+0.022%	$96.0M	$319.5M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0150%	8h	2,773.7	+0.082%	$32.7M	$11.2M	100x	as long as short
Hibachi ETH/USDT-P	+0.0152%	1h	2,771	−0.017%	$253K	$1.5M	20x	as long as short
BloFin ETH-USDT	+0.0175%	8h	2,771.3	−0.007%	$287.7M	$182.0M	150x	as long as short
Reya ETHRUSDPERP	+0.0211%	1h	2,774.2	+0.100%	$7.4M	$1.2M	25x	as long as short