data as of
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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.

After costs, if the gap returns to its 7d average, $10k−$37
spread now−0.154%7d average−0.037%fees + slippage, in and out−$25spread needed0.250%
Long on HyperliquidShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ETH2,735.30.0257pay 0.0032% / 1h1m 05s$3.23B$2.03B25x
ShortGate ETH_USDT2,731.1−0.0048pay 0.0048% / 8h2h 01m$3.70B$8.29B200x

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
−$15.35
Funding while held
−$9.14
Slippage, 4 orders
−$1.03
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$49.52
Spread needed to break even
0.250%
Slippage from Hyperliquid: live order book, 5 min ago; Gate: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0305%
Per $10,000 a day
−$9.14
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 Hyperliquid live order book, 5 min ago0.18 bp5.3 bp −$56.6 bp −$668.9 bp −$888doesn't fit
Sell Gate live order book, 4 min ago0.02 bp7.5 bp −$87.6 bp −$7612.1 bp −$1,21420.7 bp −$10.4K

ETH price on every exchange

against the cheapest. Click to use as the short leg.
Aevo2,729.2cheapestBackpack2,730.1+0.034%Extended2,730.3+0.042%BingX2,730.8+0.058%Binance2,730.9+0.062%
Gate2,731.1+0.070%
Bitget2,731.2+0.072%OKX2,731.2+0.074%Phemex2,731.3+0.079%gTrade (Gains Network)2,731.4+0.080%Bullet2,731.4+0.081%GMX2,731.4+0.081%MEXC2,731.5+0.084%BloFin2,731.5+0.085%SoDEX2,731.6+0.089%HTX2,731.6+0.089%Aster2,731.6+0.090%Bybit2,731.7+0.091%SunX2,731.7+0.092%Reya2,731.8+0.097%KuCoin2,732.1+0.107%Bluefin2,732.1+0.107%edgeX2,732.1+0.108%Lighter2,732.4+0.119%Kraken Futures2,732.5+0.121%Deribit2,732.6+0.125%Coinbase International2,732.6+0.125%Aftermath Perps2,733+0.140%ApeX Omni2,733.2+0.146%Hibachi2,733.3+0.149%Lighter RH2,733.4+0.153%Arcus2,733.4+0.156%Perpl2,733.7+0.166%Orderly2,733.9+0.173%Polymarket Perps2,733.9+0.173%Phoenix2,734+0.177%Hotstuff2,734.3+0.188%Vest2,734.5+0.194%Katana Perps2,734.5+0.195%Kalshi2,734.6+0.199%Nado2,734.6+0.200%RISEx2,734.7+0.202%dYdX2,734.9+0.211%Injective2,735.1+0.217%
Hyperliquid2,735.3+0.224%
Ondo Perps2,735.4+0.228%Jupiter Perps2,735.4+0.229%Pacifica2,735.9+0.245%StandX2,735.9+0.246%Derive2,736+0.249%Paradex2,738.5+0.340%01 Exchange2,739.5+0.378%Variational Omni2,740.8+0.425%Bulk2,742.4+0.486%

ETH on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo ETH-PERP−0.224%+0.0096%1h$5.0M$781K20xas long as short
Backpack ETH_USDC_PERP−0.190%+0.0100%1h$15.5M$38.3M50xas long as short
Extended ETH-USD−0.182%+0.0104%1h$33.0M$71.9M50xas long as short
BingX ETH-USDC−0.166%+0.0100%8h—$16.1M—as long as short
Binance ETHUSDT−0.162%+0.0100%8h$6.57B$14.33B150xas long as short
Gate ETH_USDTshort−0.154%−0.0048%8h$3.70B$8.29B200x
Bitget ETHUSDT−0.152%+0.0082%8h$2.13B$2.93B150xas long as short
OKX ETH-USDT-SWAP−0.150%+0.0021%8h$1.72B$10.52B100xas long as short
Phemex ETHUSDT−0.145%+0.0020%8h$264.3M$65.7M150xas long as short
gTrade (Gains Network) ETH/USD−0.144%L +0.0006% / S −0.0006%1h$22.2M—200xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bullet ETH-USD−0.143%+0.0095%1h$183K$1.9M20xas long as short
GMX ETH/USD [ETH-USDC]−0.143%L −0.0014% / S +0.0046%1h$11.7M—200xas long as short
MEXC ETH_USDT−0.140%+0.0100%8h$1.53B$2.33B500xas long as short
BloFin ETH-USDT−0.139%+0.0220%8h$293.0M$164.5M150xas long as short
SoDEX ETH-USD−0.135%+0.0100%1h$55.6M$139.7M40xas long as short
HTX ETH-USDT−0.135%+0.0100%8h$1.08B$1.12B200xas long as short
Aster ETHUSDT−0.134%+0.0100%8h$267.3M$800.6M200xas long as short
Bybit ETHUSDT−0.133%+0.0100%8h$2.45B$4.20B150xas long as short
SunX ETH-USDT−0.132%+0.0100%8h$945K$13.8M100xas long as short
Reya ETHRUSDPERP−0.127%+0.0146%1h$7.3M$912K25xas long as short
KuCoin ETHUSDTM−0.117%+0.0100%8h$393.8M$666.2M100xas long as short
Bluefin ETH-PERP−0.117%+0.0100%1h$19K$24K25xas long as short
edgeX ETHUSDC−0.116%+0.0100%4h$192.5M$656.9M100xas long as short
Lighter ETH−0.105%+0.0096%1h$118.9M$468.8M50xas long as short
Kraken Futures PF_ETHUSD−0.103%+0.0055%1h$83.4M$314.4M100xas long as short
Deribit ETH-PERPETUAL−0.099%+0.0109%1h$259.4M$208.1M50xas long as short
Coinbase International ETH-PERP-INTX−0.099%+0.0032%1h$61.4M$4.64B50xas long as short
Aftermath Perps ETHUSD−0.084%+0.0211%1h$29K$34K20xas long as short
ApeX Omni ETHUSDT−0.079%+0.0036%1h$7.6M$27.2M100xas long as short
Hibachi ETH/USDT-P−0.075%+0.0208%1h$282K$1.2M20xas long as short
Lighter RH ETH−0.071%+0.0096%1h$25.5M$114.9M50xas long as short
Arcus ETH-USD−0.068%+0.0100%1h$2.3M$13.5M25xas long as short
Perpl ETH−0.058%+0.0112%43m$173K$5.2M8.3xas long as short
Orderly PERP_ETH_USDC−0.052%+0.0215%8h$32.1M$11.1M100xas long as short
Polymarket Perps ETH-USD−0.051%+0.0100%1h$10.8M$4.7M50xas long as short
Phoenix ETH−0.048%+0.0061%1h$1.4M$2.5M25xas long as short
Hotstuff ETH-PERP−0.037%−0.0080%1h$5K$1K50xas long as short
Vest ETH-PERP−0.030%+0.0100%1h—$1.2M50xas long as short
Katana Perps ETH-USD−0.029%+0.0100%8h$468K$1.9M50xas long as short
Kalshi KXETHPERP−0.026%0.0000%8h$4.4M$471.9M4.9xas long as short
Nado ETH-PERP−0.025%+0.0100%1h$19.3M$109.4M50xas long as short
RISEx ETH/USDC−0.022%+0.0179%1h$5.9M$13.1M25xas long as short
dYdX ETH-USD−0.013%+0.0423%1h$24.3M$20.8M50xas long as short
Injective ETH/USDC PERP−0.007%+0.0206%1h$117K$22.5M52xas long as short
Hyperliquid ETHlong0.000%+0.0257%1h$3.23B$2.03B25x
Ondo Perps ETH-USD.P+0.004%+0.0100%1h$3.3M$12.3M25xas long as short
Jupiter Perps ETH-PERP+0.004%L +0.0096% / S +0.0048%1h—$41.4M500xas long as short
Pacifica ETH+0.021%+0.0100%1h$30.8M$181.7M50xas long as short
StandX ETH-USD+0.022%+0.0100%1h$21.0M$54.2M40xas long as short
Derive ETH-PERP+0.025%+0.0518%1h$40.2M$18.4M15xas long as short
Paradex ETH-USD-PERP+0.116%+0.0099%8h$13.7M$11.1M50xas long as short
01 Exchange ETHUSD+0.154%+0.0080%1h$189K$1.0M50xas long as short
Variational Omni ETH+0.200%+0.0100%8h$156.4M$290.3M—as long as short
Bulk ETH-USD+0.261%+0.0100%1h$150.7M$266.1M25xas long as short