data as of
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Price arb /

ETH

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Spread before costs (cost unknown: a leg has no order-book sample)−0.108%
7d average+0.025%if it closes, per $10,000$11funding while held, a day+$0.27
Long on GMXShort on Injective
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ETH/USD [ETH-USDC]2,752.4L −0.0013% / S +0.0045%get 0.0002% / 1h43m 50s$11.9M—200x
ShortInjective ETH/USDC PERP2,749.4−0.0004pay 0.0000% / 1h43m 50s$118K$22.5M52x

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
−$10.8
Funding while held
$0.27
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$22.54
Spread needed to break even
0.120%
Slippage unknown: GMX: no order-book sample; Injective: live order book, 2 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0009%
Per $10,000 a day
+$0.27
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 Injective live order book, 2 min ago13.80 bp46.7 bp −$4747.8 bp −$47847.9 bp −$4,793doesn't fit
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.
Bulk2,743.6cheapestApeX Omni2,748.8+0.191%edgeX2,748.9+0.195%Ondo Perps2,749+0.198%Aftermath Perps2,749.3+0.208%
Injective2,749.4+0.213%
Nado2,749.5+0.216%Phoenix2,749.6+0.220%Aevo2,749.6+0.221%BloFin2,749.7+0.223%SunX2,749.8+0.229%Hotstuff2,750.2+0.242%StandX2,750.2+0.242%Pacifica2,750.3+0.247%Variational Omni2,750.5+0.252%Arcus2,750.6+0.255%Bullet2,750.7+0.260%Katana Perps2,750.7+0.260%Jupiter Perps2,750.8+0.262%Perpl2,750.8+0.263%RISEx2,750.9+0.267%Vest2,751.2+0.278%Phemex2,751.2+0.278%Aster2,751.3+0.281%Binance2,751.3+0.281%MEXC2,751.3+0.281%Reya2,751.3+0.281%Kalshi2,751.3+0.282%SoDEX2,751.3+0.282%HTX2,751.4+0.284%01 Exchange2,751.4+0.286%Hibachi2,751.4+0.286%OKX2,751.4+0.287%Extended2,751.5+0.289%BingX2,751.5+0.291%Gate2,751.6+0.291%dYdX2,751.6+0.293%KuCoin2,751.8+0.299%Bitget2,751.8+0.299%Bybit2,751.9+0.303%Lighter2,752+0.307%Backpack2,752.2+0.313%Bluefin2,752.2+0.315%
GMX2,752.4+0.321%
gTrade (Gains Network)2,752.6+0.329%Lighter RH2,753.1+0.347%Polymarket Perps2,753.1+0.348%Kraken Futures2,753.1+0.348%Deribit2,753.3+0.356%Coinbase International2,753.6+0.366%Derive2,753.9+0.378%Orderly2,754.2+0.386%Paradex2,754.3+0.390%Hyperliquid2,754.3+0.391%

ETH on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk ETH-USD−0.320%−0.0004%1h$157.2M$272.9M25xas long as short
ApeX Omni ETHUSDT−0.130%+0.0100%1h$8.1M$28.0M100xas long as short
edgeX ETHUSDC−0.126%+0.0100%4h$179.1M$742.0M100xas long as short
Ondo Perps ETH-USD.P−0.122%+0.0100%1h$2.9M$14.9M25xas long as short
Aftermath Perps ETHUSD−0.113%+0.0163%1h$29K$20K20xas long as short
Injective ETH/USDC PERPshort−0.108%−0.0004%1h$118K$22.5M52x
Nado ETH-PERP−0.105%+0.0100%1h$17.3M$110.9M50xas long as short
Phoenix ETH−0.101%+0.0073%1h$1.1M$2.5M25xas long as short
Aevo ETH-PERP−0.100%+0.0056%1h$5.0M$671K20xas long as short
BloFin ETH-USDT−0.098%+0.0177%8h$289.9M$175.7M150xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SunX ETH-USDT−0.092%+0.0100%8h$964K$14.1M100xas long as short
Hotstuff ETH-PERP−0.079%−0.0080%1h$5K$2K50xas long as short
StandX ETH-USD−0.079%+0.0100%1h$21.2M$51.4M40xas long as short
Pacifica ETH−0.074%+0.0100%1h$31.1M$243.7M50xas long as short
Variational Omni ETH−0.069%+0.0100%8h$144.5M$308.2M—as long as short
Arcus ETH-USD−0.066%+0.0100%1h$2.7M$16.0M25xas long as short
Bullet ETH-USD−0.061%+0.0036%1h$193K$1.8M20xas long as short
Katana Perps ETH-USD−0.061%+0.0100%8h$479K$2.4M50xas long as short
Jupiter Perps ETH-PERP−0.059%L +0.0096% / S +0.0048%1h—$43.3M500xas long as short
Perpl ETH−0.058%−0.0112%43m$295K$6.3M8.3xas long as short
RISEx ETH/USDC−0.054%+0.0083%1h$5.9M$12.0M25xas long as short
Vest ETH-PERP−0.043%+0.0100%1h—$1.0M50xas long as short
Phemex ETHUSDT−0.043%+0.0013%8h$265.5M$64.9M150xas long as short
Aster ETHUSDT−0.040%+0.0098%8h$267.4M$933.5M200xas long as short
Binance ETHUSDT−0.040%+0.0057%8h$6.54B$15.88B150xas long as short
MEXC ETH_USDT−0.040%+0.0057%8h$1.57B$2.38B500xas long as short
Reya ETHRUSDPERP−0.040%+0.0204%1h$7.3M$870K25xas long as short
Kalshi KXETHPERP−0.039%+0.0137%8h$9.7M$606.5M4.9xas long as short
SoDEX ETH-USD−0.039%+0.0005%1h$55.5M$161.9M40xas long as short
HTX ETH-USDT−0.037%+0.0100%8h$1.08B$1.21B200xas long as short
01 Exchange ETHUSD−0.035%0.0000%1h$178K$1.2M50xas long as short
Hibachi ETH/USDT-P−0.035%+0.0240%1h$272K$1.4M20xas long as short
OKX ETH-USDT-SWAP−0.034%+0.0014%8h$1.73B$11.03B100xas long as short
Extended ETH-USD−0.032%+0.0096%1h$31.6M$75.2M50xas long as short
BingX ETH-USDC−0.030%+0.0100%8h—$16.9M—as long as short
Gate ETH_USDT−0.030%+0.0065%8h$3.35B$8.92B200xas long as short
dYdX ETH-USD−0.028%0.0000%1h$13.1M$41.5M50xas long as short
KuCoin ETHUSDTM−0.023%+0.0100%8h$438.7M$679.2M100xas long as short
Bitget ETHUSDT−0.022%+0.0085%8h$2.11B$2.96B150xas long as short
Bybit ETHUSDT−0.019%+0.0100%8h$2.51B$4.33B150xas long as short
Lighter ETH−0.014%+0.0096%1h$116.1M$478.4M50xas long as short
Backpack ETH_USDC_PERP−0.008%+0.0100%1h$15.3M$40.8M50xas long as short
Bluefin ETH-PERP−0.006%+0.0100%1h$21K$25K25xas long as short
GMX ETH/USD [ETH-USDC]long0.000%L −0.0013% / S +0.0045%1h$11.9M—200x
gTrade (Gains Network) ETH/USD+0.008%L +0.0006% / S −0.0006%1h$22.3M—200xas long as short
Lighter RH ETH+0.026%+0.0096%1h$25.5M$119.4M50xas long as short
Polymarket Perps ETH-USD+0.026%+0.0100%1h$11.5M$6.7M50xas long as short
Kraken Futures PF_ETHUSD+0.027%+0.0162%1h$84.9M$321.1M100xas long as short
Deribit ETH-PERPETUAL+0.035%+0.0055%1h$258.4M$204.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.045%+0.0136%1h$59.7M$4.54B50xas long as short
Derive ETH-PERP+0.057%+0.0100%1h$42.5M$29.5M15xas long as short
Orderly PERP_ETH_USDC+0.065%+0.0135%8h$32.3M$10.8M100xas long as short
Paradex ETH-USD-PERP+0.069%+0.0100%8h$14.5M$10.8M50xas long as short
Hyperliquid ETH+0.070%+0.0100%1h$3.20B$2.15B25xas long as short