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Price arb /

ETH

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)+0.002%
7d average+0.009%if it closes, per $10,000$0funding while held, a day+$8.16
Long on GMXShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ETH/USD [ETH-USDC]2,754.3L +0.0019% / S +0.0013%pay 0.0002% / 1h9m 10s$12.0M—200x
ShortDeribit ETH-PERPETUAL2,754.30.0291get 0.0036% / 1h9m 10s$258.9M$216.0M50x

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
$0.23
Funding while held
$8.16
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$10.61
Spread needed to break even
0.190%
Slippage unknown: GMX: no order-book sample; Deribit: live order book, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0272%
Per $10,000 a day
+$8.16
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 GMX no order-book sample—————
Sell Deribit live order book, 1 min ago0.73 bp4.8 bp −$55.3 bp −$5311.0 bp −$1,09933.4 bp −$16.7K
GMX: 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 price on every exchange

against the cheapest. Click to use as the short leg.
Bulk2,738.6cheapestHibachi2,748.2+0.349%Aftermath Perps2,748.2+0.351%Variational Omni2,749.9+0.412%Aevo2,750+0.417%edgeX2,750.4+0.432%Injective2,751.3+0.464%SunX2,751.3+0.465%Extended2,751.6+0.475%KuCoin2,752.2+0.498%Jupiter Perps2,752.3+0.499%ApeX Omni2,752.4+0.504%StandX2,753+0.526%Aster2,753.4+0.540%Kalshi2,753.4+0.541%Bullet2,753.5+0.544%Vest2,753.7+0.552%Perpl2,753.8+0.554%OKX2,753.8+0.557%Reya2,753.9+0.560%01 Exchange2,754+0.563%Phemex2,754+0.563%gTrade (Gains Network)2,754.1+0.567%HTX2,754.1+0.567%Backpack2,754.2+0.571%
GMX2,754.3+0.572%
Lighter2,754.3+0.575%
Deribit2,754.3+0.575%
Nado2,754.4+0.576%MEXC2,754.4+0.576%Katana Perps2,754.4+0.577%RISEx2,754.4+0.578%Hotstuff2,754.5+0.581%BingX2,754.5+0.581%Orderly2,754.6+0.586%BloFin2,754.6+0.586%Polymarket Perps2,754.7+0.588%Kraken Futures2,754.8+0.590%dYdX2,754.8+0.591%Bybit2,754.9+0.595%Pacifica2,754.9+0.596%Bluefin2,754.9+0.597%Lighter RH2,755.3+0.610%Coinbase International2,755.3+0.610%Binance2,755.3+0.611%Gate2,755.3+0.611%SoDEX2,755.7+0.625%Derive2,755.8+0.629%Arcus2,755.8+0.630%Bitget2,755.9+0.631%Ondo Perps2,756+0.636%Phoenix2,756.1+0.639%Hyperliquid2,758.4+0.722%Paradex2,759.4+0.760%

ETH on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk ETH-USD−0.569%+0.0100%1h$151.8M$273.7M25xas long as short
Hibachi ETH/USDT-P−0.222%+0.0088%1h$289K$1.3M20xas long as short
Aftermath Perps ETHUSD−0.220%+0.0292%1h$29K$27K20xas long as short
Variational Omni ETH−0.159%+0.0100%8h$153.8M$301.9M—as long as short
Aevo ETH-PERP−0.154%+0.0096%1h$5.0M$729K20xas long as short
edgeX ETHUSDC−0.140%+0.0100%4h$178.4M$737.8M100xas long as short
Injective ETH/USDC PERP−0.108%+0.0067%1h$118K$22.5M52xas long as short
SunX ETH-USDT−0.107%+0.0100%8h$948K$14.7M100xas long as short
Extended ETH-USD−0.096%+0.0104%1h$32.8M$75.3M50xas long as short
KuCoin ETHUSDTM−0.074%+0.0100%8h$409.0M$668.6M100xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Jupiter Perps ETH-PERP−0.073%L +0.0096% / S +0.0048%1h—$44.7M500xas long as short
ApeX Omni ETHUSDT−0.067%−0.0022%1h$7.7M$27.7M100xas long as short
StandX ETH-USD−0.046%+0.0100%1h$21.1M$51.6M40xas long as short
Aster ETHUSDT−0.032%+0.0100%8h$274.4M$853.2M200xas long as short
Kalshi KXETHPERP−0.031%0.0000%8h$8.1M$540.9M4.9xas long as short
Bullet ETH-USD−0.028%+0.0021%1h$191K$1.9M20xas long as short
Vest ETH-PERP−0.020%+0.0100%1h—$1.2M50xas long as short
Perpl ETH−0.018%−0.0447%43m$404K$5.9M8.3xas long as short
OKX ETH-USDT-SWAP−0.015%+0.0013%8h$1.71B$11.19B100xas long as short
Reya ETHRUSDPERP−0.012%+0.0162%1h$7.3M$970K25xas long as short
01 Exchange ETHUSD−0.010%0.0000%1h$187K$1.2M50xas long as short
Phemex ETHUSDT−0.010%+0.0035%8h$266.2M$66.3M150xas long as short
gTrade (Gains Network) ETH/USD−0.005%L +0.0006% / S −0.0006%1h$22.3M—200xas long as short
HTX ETH-USDT−0.005%+0.0078%8h$1.09B$1.19B200xas long as short
Backpack ETH_USDC_PERP−0.001%+0.0100%1h$15.1M$39.8M50xas long as short
GMX ETH/USD [ETH-USDC]long0.000%L +0.0019% / S +0.0013%1h$12.0M—200x
Lighter ETH+0.002%+0.0096%1h$118.0M$505.9M50xas long as short
Deribit ETH-PERPETUALshort+0.002%+0.0291%1h$258.9M$216.0M50x
Nado ETH-PERP+0.003%+0.0100%1h$18.0M$113.7M50xas long as short
MEXC ETH_USDT+0.004%+0.0092%8h$1.54B$2.50B500xas long as short
Katana Perps ETH-USD+0.005%+0.0100%8h$480K$2.0M50xas long as short
RISEx ETH/USDC+0.006%+0.0171%1h$5.8M$13.4M25xas long as short
Hotstuff ETH-PERP+0.008%−0.0080%1h$5K$2K50xas long as short
BingX ETH-USDC+0.008%+0.0100%8h—$16.2M—as long as short
Orderly PERP_ETH_USDC+0.013%+0.0206%8h$32.3M$10.6M100xas long as short
BloFin ETH-USDT+0.014%+0.0212%8h$295.4M$180.1M150xas long as short
Polymarket Perps ETH-USD+0.016%+0.0100%1h$10.8M$5.3M50xas long as short
Kraken Futures PF_ETHUSD+0.018%+0.0348%1h$87.2M$313.8M100xas long as short
dYdX ETH-USD+0.019%+0.0078%1h$16.2M$33.0M50xas long as short
Bybit ETHUSDT+0.022%+0.0100%8h$2.51B$4.44B150xas long as short
Pacifica ETH+0.024%+0.0100%1h$31.1M$212.7M50xas long as short
Bluefin ETH-PERP+0.024%+0.0100%1h$21K$26K25xas long as short
Lighter RH ETH+0.037%+0.0096%1h$26.0M$120.0M50xas long as short
Coinbase International ETH-PERP-INTX+0.038%+0.0088%1h$60.5M$4.80B50xas long as short
Binance ETHUSDT+0.039%+0.0092%8h$6.56B$15.52B150xas long as short
Gate ETH_USDT+0.039%−0.0050%8h$3.56B$8.84B200xas long as short
SoDEX ETH-USD+0.052%+0.0002%1h$55.6M$161.6M40xas long as short
Derive ETH-PERP+0.057%+0.0290%1h$42.8M$27.7M15xas long as short
Arcus ETH-USD+0.057%+0.0100%1h$2.5M$15.7M25xas long as short
Bitget ETHUSDT+0.059%+0.0062%8h$2.14B$3.11B150xas long as short
Ondo Perps ETH-USD.P+0.063%+0.0100%1h$3.0M$13.8M25xas long as short
Phoenix ETH+0.067%+0.0050%1h$1.4M$2.4M25xas long as short
Hyperliquid ETH+0.149%+0.0359%1h$3.30B$2.16B25xas long as short
Paradex ETH-USD-PERP+0.186%+0.0100%8h$14.5M$11.5M50xas long as short