ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0178%/8h= +19.5% APRpaid last 24h +0.056%

Price spread now: Orderly against gTrade (Gains Network)+0.039%63s7-day average +0.070% · 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 Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.159%+$16 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.039%, 7d avg +0.070%

Together, before fees+0.126%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.031% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.039% now, against its 7-day average of +0.070%). If the spread goes back, that is −$3 on $10k: about 14 hours of funding at the current rate (+$5 a day). The two prices were read 63 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	2,731.2	L +0.0007% / S −0.0006%	pay 0.0001% / 1h	2m 42s	$33.0M	—	200x
Short	Orderly PERP_ETH_USDC	2,732.2	0.0185	get 0.0185% / 8h	1h 02m	$32.2M	$11.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.039%Rate

Funding earned: $37.43
Price spread: +0.039% → +0.070%: −$3.07
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $21.35
Costs to cover: 0.130%
Break-even: 3.0 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 1 min ago; Orderly: 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	0.51 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$501	8.9 bp −$4,450
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Hotstuff ETH-PERP	−0.0080%	1h	2,729.1	−0.075%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0040%	1h	2,734.2	+0.112%	$117K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,729.7	−0.052%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,734.4	+0.119%	$814K	$3.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,729.6	−0.057%	$10.5M	$42.8M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,731.1	−0.002%	$6.7M	$682.4M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,730.7	−0.016%	$288K	$5.8M	8.3x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,731	−0.004%	$262.5M	$213.2M	50x	as long as short
gTrade (Gains Network) ETH/USDlong	L +0.0007% / S −0.0006%	1h	2,731.2	long leg	$33.0M	—	200x
ApeX Omni ETHUSDT	+0.0014%	1h	2,732.5	+0.050%	$8.6M	$31.5M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDC	+0.0022%	8h	2,727.9	−0.118%	—	$18.6M	—	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,729.6	−0.057%	$191K	$890K	50x	as long as short
Bybit ETHUSDT	+0.0026%	8h	2,728.5	−0.097%	$2.33B	$4.38B	150x	as long as short
HTX ETH-USDT	+0.0030%	8h	2,730	−0.044%	$1.05B	$1.22B	200x	as long as short
KuCoin ETHUSDTM	+0.0068%	8h	2,728.3	−0.103%	$385.5M	$577.7M	100x	as long as short
SoDEX ETH-USD	+0.0071%	1h	2,730	−0.042%	$54.4M	$187.2M	40x	as long as short
OKX ETH-USDT-SWAP	+0.0080%	8h	2,728.7	−0.091%	$1.65B	$10.85B	100x	as long as short
Aster ETHUSDT	+0.0082%	8h	2,729	−0.079%	$252.8M	$847.0M	200x	as long as short
Phemex ETHUSDT	+0.0091%	8h	2,730.1	−0.037%	$262.9M	$64.5M	150x	as long as short
Bullet ETH-USD	+0.0091%	1h	2,729.7	−0.053%	$188K	$1.7M	20x	as long as short
MEXC ETH_USDT	+0.0094%	8h	2,728.8	−0.087%	$1.53B	$2.61B	500x	as long as short
Binance ETHUSDT	+0.0094%	8h	2,728.8	−0.086%	$6.33B	$16.12B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,729	−0.078%	$112.6M	$439.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,730.6	−0.021%	$23.4M	$103.5M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,727.4	−0.138%	$4.9M	$174K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,728.9	−0.082%	$501K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,732.9	+0.064%	$15.4M	$7.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,730.9	−0.010%	$14.1M	$104.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,730.7	−0.016%	$3.10B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,729.9	−0.046%	$32.0M	$332.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,728.7	−0.090%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,729.6	−0.057%	$1.5M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,731.8	+0.024%	$164.2M	$349.6M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,729	−0.078%	$3.30B	$9.05B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,728.8	−0.085%	$2.10B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,729.2	−0.073%	$15.1M	$41.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,732.5	+0.050%	$134.3M	$320.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,732.3	+0.044%	$185.8M	$683.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,732.5	+0.048%	$158.8M	$83.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,732	+0.031%	$21.0M	$70.2M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,732	+0.030%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,731.6	+0.016%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,730.6	−0.022%	$22K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,732.6	+0.054%	$40.9M	$30.1M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,729.9	−0.044%	$958K	$10.9M	100x	as long as short
Aftermath Perps ETHUSD	+0.0101%	1h	2,732.7	+0.058%	$30K	$20K	20x	as long as short
Extended ETH-USD	+0.0104%	1h	2,728	−0.117%	$30.4M	$73.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,731.6	+0.016%	—	$30.5M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,731.5	+0.012%	$46.5M	$4.30B	50x	as long as short
RISEx ETH/USDC	+0.0115%	1h	2,729.7	−0.054%	$5.6M	$11.6M	25x	as long as short
Hibachi ETH/USDT-P	+0.0120%	1h	2,731.7	+0.022%	$243K	$1.4M	20x	as long as short
Orderly PERP_ETH_USDCshort	+0.0185%	8h	2,732.2	+0.039%	$32.2M	$11.3M	100x
Reya ETHRUSDPERP	+0.0187%	1h	2,729.1	−0.076%	$7.3M	$975K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0211%	1h	2,730.5	−0.023%	$82.1M	$309.7M	100x	as long as short
BloFin ETH-USDT	+0.0319%	8h	2,730.2	−0.034%	$281.2M	$176.0M	150x	as long as short