After costs, if the gap returns to its 7d average, $10k−$29
spread now−0.050%7d average+0.049%fees + slippage, in and out−$19spread needed0.188%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXETHPERP | 2,749.8 | 0 | get 0.0000% / 8h | 4h 50m | $5.9M | $521.8M | 4.9x |
| Short | gTrade (Gains Network) ETH/USD | 2,748.4 | L +0.0006% / S −0.0006% | get 0.0001% / 1h | 50m 15s | $22.2M | — | 200x |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$5.02
- Funding while held
- $0.19
- Slippage, 4 orders
- −$1.8
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$23.63
- Spread needed to break even
- 0.188%
Slippage from Kalshi: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0006%
- Per $10,000 a day
- +$0.19
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kalshi live order book, 5 min ago | 0.18 bp | 5.3 bp −$5 | 6.5 bp −$65 | 10.1 bp −$1,008 | 17.0 bp −$8,482 |
| Sell gTrade (Gains Network) virtual book (oracle venue), 5 min ago | 0.53 bp | 4.0 bp −$4 | 4.1 bp −$41 | 5.0 bp −$500 | 8.9 bp −$4,452 |
ETH price on every exchange
against the cheapest. Click to use as the short leg.ETH on 54 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX ETHUSDC | −0.428% | +0.0100% | 4h | $175.0M | $731.2M | 100x | as long as short |
| ApeX Omni ETHUSDT | −0.393% | −0.0154% | 1h | $7.7M | $28.2M | 100x | as long as short |
| Bulk ETH-USD | −0.378% | +0.0100% | 1h | $152.2M | $277.4M | 25x | as long as short |
| Phoenix ETH | −0.331% | +0.0050% | 1h | $1.4M | $2.4M | 25x | as long as short |
| Hibachi ETH/USDT-P | −0.313% | +0.0208% | 1h | $289K | $1.3M | 20x | as long as short |
| Aftermath Perps ETHUSD | −0.251% | +0.0245% | 1h | $29K | $27K | 20x | as long as short |
| Variational Omni ETH | −0.174% | +0.0100% | 8h | $155.0M | $302.2M | — | as long as short |
| Aevo ETH-PERP | −0.163% | +0.0096% | 1h | $5.0M | $754K | 20x | as long as short |
| Bullet ETH-USD | −0.124% | +0.0011% | 1h | $184K | $1.9M | 20x | as long as short |
| StandX ETH-USD | −0.120% | +0.0100% | 1h | $21.0M | $51.8M | 40x | as long as short |
Show all 54 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX ETH-USDT | −0.111% | +0.0100% | 8h | $1.09B | $1.19B | 200x | as long as short |
| SunX ETH-USDT | −0.106% | +0.0100% | 8h | $947K | $14.5M | 100x | as long as short |
| OKX ETH-USDT-SWAP | −0.102% | +0.0017% | 8h | $1.73B | $11.00B | 100x | as long as short |
| Injective ETH/USDC PERP | −0.091% | +0.0067% | 1h | $118K | $22.5M | 52x | as long as short |
| Extended ETH-USD | −0.091% | +0.0104% | 1h | $32.6M | $74.8M | 50x | as long as short |
| BingX ETH-USDC | −0.088% | +0.0100% | 8h | — | $16.0M | — | as long as short |
| Perpl ETH | −0.087% | 0.0000% | 43m | $300K | $5.7M | 8.3x | as long as short |
| Gate ETH_USDT | −0.083% | −0.0037% | 8h | $3.74B | $8.47B | 200x | as long as short |
| Phemex ETHUSDT | −0.080% | +0.0030% | 8h | $265.6M | $66.7M | 150x | as long as short |
| BloFin ETH-USDT | −0.076% | +0.0220% | 8h | $297.3M | $173.6M | 150x | as long as short |
| Binance ETHUSDT | −0.076% | +0.0100% | 8h | $6.56B | $15.21B | 150x | as long as short |
| Reya ETHRUSDPERP | −0.072% | +0.0154% | 1h | $7.3M | $962K | 25x | as long as short |
| GMX ETH/USD [ETH-USDC] | −0.071% | L +0.0018% / S +0.0014% | 1h | $11.9M | — | 200x | as long as short |
| Nado ETH-PERP | −0.071% | +0.0100% | 1h | $17.8M | $113.7M | 50x | as long as short |
| SoDEX ETH-USD | −0.069% | +0.0052% | 1h | $55.4M | $161.5M | 40x | as long as short |
| Bitget ETHUSDT | −0.067% | +0.0075% | 8h | $2.14B | $3.07B | 150x | as long as short |
| Vest ETH-PERP | −0.065% | +0.0100% | 1h | — | $1.2M | 50x | as long as short |
| Bluefin ETH-PERP | −0.062% | +0.0100% | 1h | $20K | $24K | 25x | as long as short |
| MEXC ETH_USDT | −0.059% | +0.0100% | 8h | $1.54B | $2.41B | 500x | as long as short |
| KuCoin ETHUSDTM | −0.059% | +0.0100% | 8h | $390.1M | $674.8M | 100x | as long as short |
| gTrade (Gains Network) ETH/USDshort | −0.050% | L +0.0006% / S −0.0006% | 1h | $22.2M | — | 200x | |
| dYdX ETH-USD | −0.047% | +0.0132% | 1h | $20.2M | $28.5M | 50x | as long as short |
| Bybit ETHUSDT | −0.043% | +0.0100% | 8h | $2.50B | $4.40B | 150x | as long as short |
| Hotstuff ETH-PERP | −0.036% | −0.0080% | 1h | $5K | $2K | 50x | as long as short |
| Lighter ETH | −0.035% | +0.0096% | 1h | $119.8M | $487.7M | 50x | as long as short |
| Kraken Futures PF_ETHUSD | −0.035% | +0.0349% | 1h | $85.8M | $315.1M | 100x | as long as short |
| Katana Perps ETH-USD | −0.033% | +0.0100% | 8h | $492K | $2.0M | 50x | as long as short |
| Ondo Perps ETH-USD.P | −0.029% | +0.0100% | 1h | $3.1M | $13.6M | 25x | as long as short |
| Coinbase International ETH-PERP-INTX | −0.027% | +0.0088% | 1h | $60.8M | $4.80B | 50x | as long as short |
| 01 Exchange ETHUSD | −0.022% | +0.0048% | 1h | $184K | $1.1M | 50x | as long as short |
| Polymarket Perps ETH-USD | −0.022% | +0.0100% | 1h | $10.7M | $5.2M | 50x | as long as short |
| Pacifica ETH | −0.021% | +0.0100% | 1h | $31.2M | $201.3M | 50x | as long as short |
| Backpack ETH_USDC_PERP | −0.020% | +0.0100% | 1h | $15.0M | $39.4M | 50x | as long as short |
| Deribit ETH-PERPETUAL | −0.015% | +0.0103% | 1h | $260.5M | $212.7M | 50x | as long as short |
| Aster ETHUSDT | −0.013% | +0.0100% | 8h | $269.9M | $840.7M | 200x | as long as short |
| Jupiter Perps ETH-PERP | −0.012% | L +0.0104% / S +0.0048% | 1h | — | $45.8M | 500x | as long as short |
| RISEx ETH/USDC | −0.007% | +0.0171% | 1h | $5.9M | $13.5M | 25x | as long as short |
| Lighter RH ETH | −0.003% | +0.0096% | 1h | $25.5M | $115.9M | 50x | as long as short |
| Arcus ETH-USD | 0.000% | +0.0100% | 1h | $2.5M | $15.1M | 25x | as long as short |
| Kalshi KXETHPERPlong | 0.000% | 0.0000% | 8h | $5.9M | $521.8M | 4.9x | |
| Paradex ETH-USD-PERP | +0.005% | +0.0100% | 8h | $14.5M | $11.3M | 50x | as long as short |
| Orderly PERP_ETH_USDC | +0.010% | +0.0213% | 8h | $32.3M | $10.9M | 100x | as long as short |
| Hyperliquid ETH | +0.044% | +0.0157% | 1h | $3.20B | $2.12B | 25x | as long as short |
| Derive ETH-PERP | +0.082% | +0.0487% | 1h | $43.3M | $26.1M | 15x | as long as short |
gTrade (Gains Network) ETH/USD
ApeX Omni
Bulk
Phoenix
Variational Omni
Bullet
StandX
HTX
SunX
OKX
Injective
Extended
BingX
Gate
Phemex
BloFin
Binance
GMX
SoDEX
Bitget
Bluefin
MEXC
KuCoin
Bybit
Lighter
Kraken Futures
Katana Perps
Coinbase International
Polymarket Perps
Pacifica
Backpack
Deribit
Aster
RISEx
Lighter RH
Paradex
Hyperliquid
Derive