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Price arb /

ETH

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Spread before costs (cost unknown: a leg has no order-book sample)−0.018%
7d average+0.005%if it closes, per $10,000$2funding while held, a day+$5.07
Long on GateShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ETH_USDT2,731−0.0069get 0.0069% / 8h2h 41m$3.71B$7.89B200x
ShortVariational Omni ETH2,730.50.0100get 0.0100% / 8h2h 41m$152.9M$289.1M—

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$1.78
Funding while held
$5.07
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$11.71
Spread needed to break even
0.150%
Slippage unknown: Gate: live order book, 5 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0169%
Per $10,000 a day
+$5.07
Average in range /8h
—

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, 5 min ago0.02 bp7.5 bp −$87.5 bp −$7510.7 bp −$1,06818.5 bp −$9,274
Sell Variational Omni RFQ quote, 5 min ago0.68 bpdoesn't fit0.7 bp −$72.7 bp −$269doesn't fit

ETH price on every exchange

against the cheapest. Click to use as the short leg.
Hotstuff2,705cheapestAevo2,729.8+0.916%OKX2,730.4+0.938%
Variational Omni2,730.5+0.941%
Ondo Perps2,730.6+0.946%edgeX2,730.7+0.951%Backpack2,730.7+0.951%Extended2,730.8+0.955%Reya2,730.9+0.958%
Gate2,731+0.959%
Binance2,731+0.960%Injective2,731+0.961%Nado2,731.1+0.964%Bybit2,731.1+0.966%Bitget2,731.2+0.968%MEXC2,731.3+0.970%BingX2,731.3+0.972%Bullet2,731.4+0.975%Perpl2,731.5+0.979%SoDEX2,731.5+0.980%HTX2,731.5+0.981%ApeX Omni2,731.6+0.984%KuCoin2,731.7+0.985%Kalshi2,731.7+0.987%StandX2,731.7+0.987%BloFin2,731.7+0.987%SunX2,731.7+0.988%Phemex2,731.7+0.988%Aster2,731.8+0.990%01 Exchange2,731.8+0.991%Pacifica2,731.9+0.993%Katana Perps2,732+0.998%Hibachi2,732+0.999%Polymarket Perps2,732.1+1.002%Bluefin2,732.2+1.004%gTrade (Gains Network)2,732.2+1.005%Lighter2,732.2+1.006%GMX2,732.3+1.008%Jupiter Perps2,732.3+1.010%Kraken Futures2,732.4+1.014%RISEx2,732.5+1.015%Coinbase International2,732.5+1.015%dYdX2,732.6+1.020%Phoenix2,732.6+1.020%Vest2,732.6+1.020%Arcus2,732.7+1.024%Lighter RH2,733+1.036%Deribit2,733.1+1.040%Aftermath Perps2,733.4+1.049%Hyperliquid2,733.9+1.068%Bulk2,734.1+1.077%Paradex2,734.2+1.080%Orderly2,734.2+1.080%Derive2,736.1+1.150%

ETH on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Hotstuff ETH-PERP−0.950%−0.0080%1h$5K$47250xas long as short
Aevo ETH-PERP−0.043%+0.0096%1h$5.0M$799K20xas long as short
OKX ETH-USDT-SWAP−0.022%+0.0031%8h$1.70B$10.10B100xas long as short
Variational Omni ETHshort−0.018%+0.0100%8h$152.9M$289.1M—
Ondo Perps ETH-USD.P−0.013%+0.0100%1h$3.0M$9.2M25xas long as short
edgeX ETHUSDC−0.009%+0.0100%4h$189.7M$632.8M100xas long as short
Backpack ETH_USDC_PERP−0.008%+0.0049%1h$15.6M$38.3M50xas long as short
Extended ETH-USD−0.005%+0.0104%1h$32.5M$61.9M50xas long as short
Reya ETHRUSDPERP−0.001%+0.0142%1h$7.3M$908K25xas long as short
Gate ETH_USDTlong0.000%−0.0069%8h$3.71B$7.89B200x
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance ETHUSDT0.000%+0.0100%8h$6.59B$13.68B150xas long as short
Injective ETH/USDC PERP+0.002%+0.0206%1h$117K$22.5M52xas long as short
Nado ETH-PERP+0.005%+0.0100%1h$17.3M$100.8M50xas long as short
Bybit ETHUSDT+0.006%+0.0100%8h$2.44B$4.02B150xas long as short
Bitget ETHUSDT+0.008%+0.0082%8h$2.13B$2.82B150xas long as short
MEXC ETH_USDT+0.011%+0.0100%8h$1.58B$2.21B500xas long as short
BingX ETH-USDT+0.012%+0.0100%8h—$1.02B—as long as short
Bullet ETH-USD+0.016%+0.0100%1h$183K$1.9M20xas long as short
Perpl ETH+0.020%0.0000%43m$193K$4.9M8.3xas long as short
SoDEX ETH-USD+0.020%+0.0091%1h$55.5M$139.7M40xas long as short
HTX ETH-USDT+0.022%+0.0100%8h$1.09B$1.08B200xas long as short
ApeX Omni ETHUSDT+0.025%−0.0096%1h$7.6M$26.7M100xas long as short
KuCoin ETHUSDTM+0.026%+0.0100%8h$392.4M$647.6M100xas long as short
Kalshi KXETHPERP+0.027%0.0000%8h$2.6M$443.0M4.9xas long as short
StandX ETH-USD+0.027%+0.0100%1h$20.9M$51.6M40xas long as short
BloFin ETH-USDT+0.028%+0.0220%8h$294.5M$162.9M150xas long as short
SunX ETH-USDT+0.028%+0.0100%8h$941K$13.4M100xas long as short
Phemex ETHUSDT+0.029%+0.0072%8h$264.4M$65.4M150xas long as short
Aster ETHUSDT+0.031%+0.0100%8h$275.9M$763.8M200xas long as short
01 Exchange ETHUSD+0.031%+0.0056%1h$193K$881K50xas long as short
Pacifica ETH+0.033%+0.0100%1h$30.8M$170.8M50xas long as short
Katana Perps ETH-USD+0.038%+0.0100%8h$474K$1.8M50xas long as short
Hibachi ETH/USDT-P+0.040%+0.0144%1h$290K$1.1M20xas long as short
Polymarket Perps ETH-USD+0.042%+0.0100%1h$10.8M$4.6M50xas long as short
Bluefin ETH-PERP+0.044%+0.0100%1h$19K$24K25xas long as short
gTrade (Gains Network) ETH/USD+0.045%L +0.0006% / S −0.0006%1h$22.2M—200xas long as short
Lighter ETH+0.047%+0.0096%1h$118.6M$421.9M50xas long as short
GMX ETH/USD [ETH-USDC]+0.048%L −0.0015% / S +0.0046%1h$11.5M—200xas long as short
Jupiter Perps ETH-PERP+0.050%L +0.0096% / S +0.0048%1h—$41.1M500xas long as short
Kraken Futures PF_ETHUSD+0.054%+0.0055%1h$77.0M$288.3M100xas long as short
RISEx ETH/USDC+0.055%+0.0179%1h$5.8M$12.5M25xas long as short
Coinbase International ETH-PERP-INTX+0.055%+0.0032%1h$61.8M$4.47B50xas long as short
dYdX ETH-USD+0.060%+0.0454%1h$24.4M$20.4M50xas long as short
Phoenix ETH+0.060%+0.0061%1h$1.4M$2.5M25xas long as short
Vest ETH-PERP+0.060%+0.0100%1h—$1.2M50xas long as short
Arcus ETH-USD+0.064%+0.0100%1h$2.2M$12.8M25xas long as short
Lighter RH ETH+0.076%+0.0096%1h$25.8M$107.2M50xas long as short
Deribit ETH-PERPETUAL+0.080%+0.0094%1h$259.5M$204.7M50xas long as short
Aftermath Perps ETHUSD+0.089%+0.0256%1h$29K$33K20xas long as short
Hyperliquid ETH+0.108%+0.0162%1h$3.16B$1.94B25xas long as short
Bulk ETH-USD+0.116%+0.0100%1h$149.4M$272.5M25xas long as short
Paradex ETH-USD-PERP+0.119%+0.0100%8h$13.8M$10.9M50xas long as short
Orderly PERP_ETH_USDC+0.119%+0.0220%8h$32.0M$11.0M100xas long as short
Derive ETH-PERP+0.189%+0.0470%1h$39.8M$17.4M15xas long as short