Funding you earn now, next payment 01:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%
Price spread now: Polymarket Perps against gTrade (Gains Network)−0.084%55s7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$180.175% of the position
Funding, last 3 days (all we have)+0.088%+$9 on $10k
+Price spread, last 3 days (all we have)+0.032%+$3 · spread now −0.084%, 7d avg +0.001%
=Funding pays, the price is against you. Polymarket Perps is 0.085% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of +0.001%). If the spread goes back, that is −$9 on $10k: about 3.0 days of funding at the current rate (+$3 a day). The two prices were read 55 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 | 2,769.5 | L +0.0006% / S −0.0006% | pay 0.0001% / 1h | 55m 29s | $22.4M | — | 200x |
| Short | Polymarket Perps ETH-USD | 2,767.2 | 0.0100 | get 0.0013% / 1h | 55m 29s | $10.6M | $8.1M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $19.7
- Price spread: −0.084% → +0.001%
- −$8.51
- Slippage, 4 orders
- −$2.52
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$6.34
- Costs to cover
- 0.175%
- Break-even
- 9.3 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 4 min ago; Polymarket Perps: live order book, 4 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), 4 min ago | 0.52 bp | 4.0 bp −$4 | 4.1 bp −$41 | 5.0 bp −$498 | 8.9 bp −$4,441 |
| Sell Polymarket Perps live order book, 4 min ago | 0.72 bp | 4.7 bp −$5 | 5.5 bp −$55 | 13.9 bp −$1,393 | doesn't fit |
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 | 2,771.6 | +0.075% | $119K | $22.5M | 52x | as long as short |
| ApeX Omni ETHUSDT | −0.0362% | 1h | 2,770.5 | +0.036% | $8.7M | $32.9M | 100x | as long as short |
| Perpl ETH | −0.0223% | 43m | 2,769.1 | −0.014% | $284K | $6.8M | 8.3x | as long as short |
| RISEx ETH/USDC | −0.0128% | 1h | 2,766.9 | −0.094% | $5.7M | $11.9M | 25x | as long as short |
| Gate ETH_USDT | −0.0093% | 8h | 2,767.6 | −0.070% | $3.29B | $8.88B | 200x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,768.8 | −0.026% | $5K | $1K | 50x | as long as short |
| 01 Exchange ETHUSD | −0.0024% | 1h | 2,767.4 | −0.077% | $168K | $1.2M | 50x | as long as short |
| Bullet ETH-USD | −0.0013% | 1h | 2,768.6 | −0.035% | $182K | $1.7M | 20x | as long as short |
| SoDEX ETH-USD | −0.0007% | 1h | 2,769.2 | −0.012% | $55.1M | $228.8M | 40x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,769.1 | −0.017% | $12.7M | $45.8M | 50x | as long as short |
Show all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXETHPERP | 0.0000% | 8h | 2,771.4 | +0.068% | $8.1M | $690.0M | 4.9x | as long as short |
| Phoenix ETH | +0.0003% | 1h | 2,771.4 | +0.068% | $876K | $3.7M | 25x | as long as short |
| gTrade (Gains Network) ETH/USDlong | L +0.0006% / S −0.0006% | 1h | 2,769.5 | long leg | $22.4M | — | 200x | |
| OKX ETH-USDT-SWAP | +0.0020% | 8h | 2,766.9 | −0.094% | $1.70B | $11.77B | 100x | as long as short |
| GMX ETH/USD [ETH-USDC] | L +0.0026% / S +0.0009% | 1h | 2,769.4 | −0.006% | $12.8M | — | 200x | as long as short |
| Aftermath Perps ETHUSD | +0.0035% | 1h | 2,773 | +0.126% | $29K | $22K | 20x | as long as short |
| Aster ETHUSDT | +0.0038% | 8h | 2,767.9 | −0.057% | $255.5M | $1.00B | 200x | as long as short |
| Aevo ETH-PERP | +0.0056% | 1h | 2,769.7 | +0.005% | $5.0M | $326K | 20x | as long as short |
| MEXC ETH_USDT | +0.0057% | 8h | 2,767.9 | −0.059% | $1.61B | $2.62B | 500x | as long as short |
| Binance ETHUSDT | +0.0058% | 8h | 2,767 | −0.091% | $6.45B | $17.18B | 150x | as long as short |
| Bybit ETHUSDT | +0.0063% | 8h | 2,767.4 | −0.077% | $2.51B | $4.59B | 150x | as long as short |
| Bitget ETHUSDT | +0.0066% | 8h | 2,767.1 | −0.087% | $2.10B | $3.07B | 150x | as long as short |
| Deribit ETH-PERPETUAL | +0.0079% | 1h | 2,770.2 | +0.025% | $259.1M | $220.9M | 50x | as long as short |
| KuCoin ETHUSDTM | +0.0080% | 8h | 2,769.4 | −0.006% | $422.2M | $735.1M | 100x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0080% | 1h | 2,770.8 | +0.045% | $60.8M | $4.57B | 50x | as long as short |
| Phemex ETHUSDT | +0.0082% | 8h | 2,769.2 | −0.013% | $269.7M | $68.1M | 150x | as long as short |
| Vest ETH-PERP | +0.0094% | 1h | 2,768.2 | −0.050% | — | $1.1M | 50x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,768.3 | −0.043% | $115.0M | $455.8M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,770.1 | +0.019% | $25.2M | $109.4M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0099% | 8h | 2,767.4 | −0.078% | $15.9M | $9.8M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,767.2 | −0.084% | $482K | $2.9M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,768 | −0.055% | $14.6M | $118.1M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,770.8 | +0.046% | $3.17B | $2.36B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,769.1 | −0.016% | $31.2M | $319.4M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,768 | −0.055% | $2.8M | $17.3M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,768.2 | −0.048% | $2.7M | $17.4M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,770.5 | +0.036% | $170.6M | $266.1M | 25x | as long as short |
| BingX ETH-USDC | +0.0100% | 8h | 2,767.3 | −0.080% | — | $17.5M | — | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,769.7 | +0.006% | $15.2M | $44.1M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,771.4 | +0.069% | $151.3M | $343.5M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,769.8 | +0.010% | $181.8M | $784.6M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,770.8 | +0.047% | $161.1M | $88.7M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,770.1 | +0.021% | $21.4M | $58.5M | 40x | as long as short |
| Polymarket Perps ETH-USDshort | +0.0100% | 1h | 2,767.2 | −0.084% | $10.6M | $8.1M | 50x | |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,769.7 | +0.007% | $21K | $24K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,771.2 | +0.059% | $42.7M | $29.4M | 15x | as long as short |
| SunX ETH-USDT | +0.0100% | 8h | 2,768.4 | −0.042% | $971K | $13.8M | 100x | as long as short |
| HTX ETH-USDT | +0.0100% | 8h | 2,768.9 | −0.022% | $1.08B | $1.31B | 200x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,767.3 | −0.079% | $32.5M | $78.0M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0104% / S +0.0048% | 1h | 2,771.9 | +0.086% | — | $41.7M | 500x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0134% | 1h | 2,770.8 | +0.047% | $90.7M | $328.3M | 100x | as long as short |
| Orderly PERP_ETH_USDC | +0.0146% | 8h | 2,771.4 | +0.068% | $32.6M | $12.1M | 100x | as long as short |
| BloFin ETH-USDT | +0.0177% | 8h | 2,770.6 | +0.037% | $286.6M | $192.8M | 150x | as long as short |
| Hibachi ETH/USDT-P | +0.0184% | 1h | 2,770.2 | +0.026% | $252K | $1.6M | 20x | as long as short |
| Reya ETHRUSDPERP | +0.0207% | 1h | 2,766.8 | −0.100% | $7.3M | $1.2M | 25x | as long as short |
gTrade (Gains Network) ETH/USD
Polymarket Perps ETH-USD
Injective ETH/USDC PERP
ApeX Omni ETHUSDT
RISEx ETH/USDC
Gate ETH_USDT
01 Exchange ETHUSD
Bullet ETH-USD
SoDEX ETH-USD
Kalshi KXETHPERP
Phoenix ETH
OKX ETH-USDT-SWAP
GMX ETH/USD [ETH-USDC]
Aftermath Perps ETHUSD
Aster ETHUSDT
MEXC ETH_USDT
Binance ETHUSDT
Bybit ETHUSDT
Bitget ETHUSDT
Deribit ETH-PERPETUAL
KuCoin ETHUSDTM
Coinbase International ETH-PERP-INTX
Phemex ETHUSDT
Lighter ETH
Lighter RH ETH
Paradex ETH-USD-PERP
Katana Perps ETH-USD
Hyperliquid ETH
Pacifica ETH
Bulk ETH-USD
BingX ETH-USDC
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
SunX ETH-USDT
HTX ETH-USDT
Extended ETH-USD
Kraken Futures PF_ETHUSD
BloFin ETH-USDT