Settings8H · net · $10k
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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 07:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%
Price spread now: Polymarket Perps against gTrade (Gains Network)+0.034%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$190.192% of the position
Long on gTrade (Gains Network)Short on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.095%+$10 on $10k
Price spread, last 7 days−0.070%−$7 · spread now +0.034%, 7d avg +0.007%
Together, before fees+0.025%+$3 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 Polymarket Perps is 0.027% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ETH/USD2,730.4L +0.0007% / S −0.0007%pay 0.0001% / 1h55m 57s$32.9M—200x
ShortPolymarket Perps ETH-USD2,731.30.0100get 0.0013% / 1h55m 57s$11.2M$9.5M50x

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

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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
$19.56
Price spread: +0.034% → +0.007%
$2.74
Slippage, 4 orders
−$4.18
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$3.12
Costs to cover
0.192%
Break-even
5.9 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 3 min ago; Polymarket Perps: live order book, 3 min ago.

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), 3 min ago0.51 bp4.0 bp −$44.1 bp −$415.0 bp −$5008.9 bp −$4,447
Sell Polymarket Perps live order book, 3 min ago1.10 bp5.7 bp −$68.5 bp −$8519.9 bp −$1,988doesn't fit

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−0.0112%43m2,730.6+0.010%$291K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,733.9+0.129%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,733.8+0.126%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,730.3−0.002%$12.0M—200xas long as short
Phoenix ETH−0.0009%1h2,736+0.206%$817K$2.9M25xas long as short
dYdX ETH-USD0.0000%1h2,731.4+0.038%$10.5M$42.9M50xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,730.4−0.001%$260.7M$211.9M50xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0007% / S −0.0007%1h2,730.4long leg$32.9M—200x
HTX ETH-USDT+0.0009%8h2,729.8−0.022%$1.05B$1.22B200xas long as short
BingX ETH-USDC+0.0035%8h2,729.3−0.039%—$18.6M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0042%8h2,729.8−0.021%$2.35B$4.42B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,730.5+0.005%$190K$891K50xas long as short
SoDEX ETH-USD+0.0078%1h2,729.5−0.032%$54.4M$187.5M40xas long as short
KuCoin ETHUSDTM+0.0078%8h2,729.9−0.016%$375.0M$576.5M100xas long as short
Aftermath Perps ETHUSD+0.0085%1h2,733.7+0.121%$30K$20K20xas long as short
SunX ETH-USDT+0.0090%8h2,729−0.052%$958K$11.1M100xas long as short
Aster ETHUSDT+0.0093%8h2,730−0.012%$252.6M$849.4M200xas long as short
OKX ETH-USDT-SWAP+0.0095%8h2,730−0.014%$1.66B$10.93B100xas long as short
Lighter ETH+0.0096%1h2,730.1−0.011%$112.2M$430.9M50xas long as short
Lighter RH ETH+0.0096%1h2,731.2+0.029%$23.5M$102.6M50xas long as short
Aevo ETH-PERP+0.0096%1h2,727.6−0.101%$4.9M$156K20xas long as short
ApeX Omni ETHUSDT+0.0098%1h2,734.5+0.151%$8.7M$31.5M100xas long as short
Katana Perps ETH-USD+0.0100%8h2,730−0.014%$508K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,735.6+0.193%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,729.9−0.016%$14.1M$105.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,732.4+0.074%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,730.9+0.019%$32.0M$334.2M50xas long as short
Binance ETHUSDT+0.0100%8h2,730.2−0.007%$6.33B$16.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,730.5+0.005%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,731+0.021%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,735+0.169%$163.2M$327.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,730−0.014%$3.28B$8.92B200xas long as short
MEXC ETH_USDT+0.0100%8h2,730.1−0.011%$1.52B$2.57B500xas long as short
Bitget ETHUSDT+0.0100%8h2,729.9−0.017%$2.08B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,729.9−0.016%$15.1M$42.6M50xas long as short
Variational Omni ETH+0.0100%8h2,734+0.133%$134.8M$325.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,731.9+0.056%$185.3M$680.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,735.4+0.184%$159.1M$87.6M50xas long as short
StandX ETH-USD+0.0100%1h2,734+0.133%$21.0M$70.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,731.8+0.051%—$879K50xas long as short
Polymarket Perps ETH-USDshort+0.0100%1h2,731.3+0.034%$11.2M$9.5M50x
Bullet ETH-USD+0.0100%1h2,730.1−0.011%$181K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,730.7+0.012%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,731.3+0.033%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,729.9−0.017%$263.2M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,729.3−0.040%$30.3M$74.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,730.7+0.013%—$30.6M500xas long as short
Kalshi KXETHPERP+0.0110%8h2,730.7+0.012%$6.8M$693.0M4.9xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,730.6+0.007%$50.1M$4.32B50xas long as short
RISEx ETH/USDC+0.0115%1h2,730.7+0.013%$5.6M$11.8M25xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,732.4+0.074%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0195%1h2,729.3−0.039%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,730.1−0.010%$83.4M$311.3M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,732.3+0.069%$248K$1.4M20xas long as short
BloFin ETH-USDT+0.0400%8h2,731.3+0.032%$281.7M$175.2M150xas long as short