ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0164%/8h= −17.9% APRnext payment −$0.20 per $10,000 · paid last 24h −0.027%

Price spread now: gTrade (Gains Network) against Kraken Futures−0.001%52s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$200.196% of the position

Long on Kraken Futures Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.079%−$8 on $10k

Price spread, last 3 days (all we have)+0.097%+$10 · spread now −0.001%, 7d avg +0.004%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ETHUSD	2,772.6	0.0170	pay 0.0021% / 1h	49m 24s	$86.1M	$330.7M	100x
Short	gTrade (Gains Network) ETH/USD	2,772.5	L +0.0006% / S −0.0006%	get 0.0001% / 1h	49m 24s	$22.4M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.001%Rate

Funding earned: −$34.42
Price spread: −0.001% → +0.004%: −$0.54
Slippage, 4 orders: −$2.61
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$54.57
Costs to cover: 0.196%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 5 min ago.

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 Kraken Futures live order book, 5 min ago	0.18 bp	5.7 bp −$6	6.8 bp −$68	8.4 bp −$843	11.9 bp −$5,937
Sell gTrade (Gains Network) virtual book (oracle venue), 5 min ago	0.52 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$501	8.9 bp −$4,457

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,771.8	−0.027%	$289K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,771.5	−0.041%	$5.7M	$12.1M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,772.2	−0.014%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,773.3	+0.026%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,771.8	−0.028%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0010%	1h	2,771.9	−0.024%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,772.8	+0.008%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,772	−0.021%	$884K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USDshort	L +0.0006% / S −0.0006%	1h	2,772.5	−0.001%	$22.4M	—	200x
BingX ETH-USDT	+0.0018%	8h	2,771.6	−0.036%	—	$1.18B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0019%	8h	2,771.4	−0.042%	$266.9M	$65.8M	150x	as long as short
OKX ETH-USDT-SWAP	+0.0021%	8h	2,771.2	−0.048%	$1.71B	$11.83B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,772.4	−0.007%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0031%	8h	2,771.2	−0.048%	$256.2M	$992.5M	200x	as long as short
Nado ETH-PERP	+0.0035%	1h	2,771.8	−0.028%	$14.3M	$118.3M	50x	as long as short
Bullet ETH-USD	+0.0037%	1h	2,771.5	−0.037%	$182K	$1.8M	20x	as long as short
MEXC ETH_USDT	+0.0052%	8h	2,771.7	−0.032%	$1.61B	$2.64B	500x	as long as short
Binance ETHUSDT	+0.0053%	8h	2,771.7	−0.032%	$6.44B	$17.15B	150x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,770.8	−0.065%	$5.0M	$636K	20x	as long as short
Hibachi ETH/USDT-P	+0.0064%	1h	2,774	+0.051%	$289K	$1.5M	20x	as long as short
SoDEX ETH-USD	+0.0070%	1h	2,771.3	−0.046%	$55.2M	$228.6M	40x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,771.5	−0.038%	$2.10B	$3.11B	150x	as long as short
Gate ETH_USDT	+0.0083%	8h	2,771.3	−0.047%	$3.29B	$9.55B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,772.3	−0.011%	$115.0M	$496.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,773.5	+0.034%	$25.4M	$120.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,772.4	−0.005%	—	$41.4M	500x	as long as short
HTX ETH-USDT	+0.0097%	8h	2,772.2	−0.012%	$1.08B	$1.32B	200x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,771.5	−0.040%	$15.9M	$10.6M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,771.9	−0.024%	$482K	$2.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,773.7	+0.041%	$3.19B	$2.38B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,772.1	−0.017%	$31.2M	$295.5M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,771.4	−0.044%	$2.51B	$4.61B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,771.2	−0.050%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,773.3	+0.028%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.6	−0.071%	$166.0M	$246.3M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,771.5	−0.039%	$423.9M	$738.3M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,772.1	−0.018%	$15.2M	$43.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,770.1	−0.090%	$135.6M	$326.7M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,770.7	−0.069%	$179.6M	$779.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,771.6	−0.034%	$161.2M	$94.7M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,771.8	−0.029%	$8.7M	$32.7M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,773.3	+0.026%	$21.4M	$57.9M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,773	+0.015%	$10.8M	$7.7M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,772.6	+0.002%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,773.7	+0.042%	$42.7M	$29.3M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,771	−0.058%	$971K	$14.0M	100x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,772.2	−0.014%	—	$1.1M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0103%	1h	2,773.3	+0.025%	$258.4M	$224.3M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,770.7	−0.068%	$31.4M	$75.1M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,772.8	+0.008%	$59.9M	$4.60B	50x	as long as short
Kalshi KXETHPERP	+0.0108%	8h	2,772.9	+0.012%	$8.5M	$673.2M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0138%	8h	2,774.1	+0.055%	$32.5M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSDlong	+0.0170%	1h	2,772.6	long leg	$86.1M	$330.7M	100x
BloFin ETH-USDT	+0.0173%	8h	2,771	−0.056%	$285.0M	$194.9M	150x	as long as short
Reya ETHRUSDPERP	+0.0188%	1h	2,771.5	−0.037%	$7.3M	$1.1M	25x	as long as short