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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.008%
Price spread now: gTrade (Gains Network) against Gate+0.026%7-day average +0.016% · 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−$22as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Long on GateShort on gTrade (Gains Network)
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.017%−$2 on $10k
Price spread, last 3 days (all we have)+0.089%+$9 · spread now +0.026%, 7d avg +0.016%
Together, before fees+0.072%+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ETH_USDT2,776.10.0073pay 0.0073% / 8h2h 21m$3.29B$9.67B200x
ShortgTrade (Gains Network) ETH/USD2,776.9L +0.0006% / S −0.0006%get 0.0001% / 1h21m 24s$22.4M—200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Gate. 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
−$14.09
Price spread: +0.026% → +0.016%
$0.99
Slippage, 4 orders
−$1.12
Fee Gate: 7.5 bp × 2 orders
−$15
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Net
−$36.22
Costs to cover
0.231%
Break-even
never at this rate
Slippage from Gate: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 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 Gate live order book, 3 min ago0.02 bp7.5 bp −$88.6 bp −$8612.1 bp −$1,20721.1 bp −$10.5K
Sell gTrade (Gains Network) virtual book (oracle venue), 3 min ago0.52 bp4.0 bp −$44.1 bp −$415.0 bp −$5018.9 bp −$4,454

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%43m2,776−0.005%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,775.7−0.015%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.5+0.013%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,778.2+0.075%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,773.4−0.098%$858K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,778+0.067%$5.8M$11.7M25xas long as short
Aftermath Perps ETHUSD−0.0001%1h2,774.7−0.051%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,778.6+0.089%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDshortL +0.0006% / S −0.0006%1h2,776.9+0.026%$22.4M—200x
Phemex ETHUSDT+0.0012%8h2,776.10.000%$267.3M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,776−0.005%$1.71B$11.92B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,776.8+0.023%$13.2M—200xas long as short
Aster ETHUSDT+0.0039%8h2,777.5+0.049%$257.0M$995.8M200xas long as short
ApeX Omni ETHUSDT+0.0039%1h2,776.7+0.019%$8.8M$32.6M100xas long as short
MEXC ETH_USDT+0.0048%8h2,775.7−0.017%$1.61B$2.68B500xas long as short
Aevo ETH-PERP+0.0048%1h2,775.8−0.012%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0049%8h2,776.1−0.002%$6.44B$17.23B150xas long as short
Gate ETH_USDTlong+0.0073%8h2,776.1long leg$3.29B$9.67B200x
Bitget ETHUSDT+0.0074%8h2,776.3+0.005%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0082%1h2,775.9−0.008%$183K$1.8M20xas long as short
Deribit ETH-PERPETUAL+0.0092%1h2,778.1+0.069%$258.5M$225.0M50xas long as short
Variational Omni ETH+0.0092%8h2,774.2−0.071%$140.6M$320.2M—as long as short
Lighter ETH+0.0096%1h2,779.1+0.107%$115.3M$514.3M50xas long as short
Lighter RH ETH+0.0096%1h2,780.4+0.153%$25.4M$122.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.8+0.024%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,778.3+0.077%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778.5+0.085%$489K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,777.6+0.052%$15.3M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,778.7+0.093%$3.21B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,779+0.103%$31.3M$287.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,776.1−0.001%$2.51B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777.6+0.053%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,779.9+0.134%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.1+0.071%$165.4M$253.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,776−0.004%$423.0M$741.9M100xas long as short
BingX ETH-USDC+0.0100%8h2,775.9−0.009%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,777.7+0.055%$15.4M$42.8M50xas long as short
edgeX ETHUSDC+0.0100%4h2,776.9+0.028%$178.5M$792.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777+0.032%$161.6M$97.3M50xas long as short
StandX ETH-USD+0.0100%1h2,777+0.031%$21.4M$57.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,778.9+0.100%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777+0.030%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.6+0.091%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,776.6+0.018%$974K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,776.2+0.003%$55.3M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,777.2+0.038%$1.08B$1.32B200xas long as short
Vest ETH-PERP+0.0100%1h2,778.1+0.070%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,775.9−0.008%$31.4M$75.9M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,778+0.066%$60.1M$4.63B50xas long as short
Kalshi KXETHPERP+0.0121%8h2,777.6+0.053%$8.6M$673.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0133%8h2,779.2+0.111%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0167%8h2,776.3+0.005%$285.2M$195.7M150xas long as short
Reya ETHRUSDPERP+0.0183%1h2,775.6−0.017%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,777.5+0.051%$86.6M$330.7M100xas long as short
Hibachi ETH/USDT-P+0.0440%1h2,779.2+0.110%$284K$1.5M20xas long as short