Settings8H · net · $10k
Funding arb · Price arb /

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:40 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.037%
Price spread now: Gate against Perpl−0.039%7-day average −0.021% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.154%−$15 on $10k
Price spread, last 7 days+0.036%+$4 · spread now −0.039%, 7d avg −0.021%
Together, before fees−0.118%+ Points / potential airdropPerpl: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.154%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPerpl ETH2,730.30get 0.0000% / 43m31m 45s$286K$5.7M8.3x
ShortGate ETH_USDT2,729.20.0100get 0.0100% / 8h42m 45s$3.31B$8.86B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Perpl. 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

Funding earned
$21
Price spread: −0.039% → −0.021%
−$1.82
Slippage, 4 orders
no order book: not counted
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$9.62
Costs to cover
0.288%
Break-even
10.2 days
Slippage unknown: Perpl: no order-book sample; Gate: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Perpl no order-book sample
Sell Gate live order book, 1 min ago0.02 bp7.5 bp −$87.9 bp −$7910.7 bp −$1,07319.0 bp −$9,517
Perpl: 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 on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ETH-USDT−0.0189%8h2,730−0.010%$281.1M$177.9M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.1+0.066%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,733.5+0.117%$811K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,730.9+0.023%$11.9M200xas long as short
dYdX ETH-USD0.0000%1h2,731.3+0.035%$10.5M$42.6M50xas long as short
Kalshi KXETHPERP0.0000%8h2,731.3+0.037%$6.3M$680.6M4.9xas long as short
Perpl ETHlong0.0000%43m2,730.3long leg$286K$5.7M8.3x
Deribit ETH-PERPETUAL0.0000%1h2,730.6+0.010%$262.4M$212.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,730.7+0.014%$32.9M200xas long as short
BingX ETH-USDT+0.0019%8h2,730.9+0.023%$1.10Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0024%8h2,731+0.026%$2.33B$4.36B150xas long as short
HTX ETH-USDT+0.0029%8h2,729.5−0.030%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,731.7+0.051%$191K$889K50xas long as short
Injective ETH/USDC PERP+0.0050%1h2,732.3+0.073%$117K$20.2M52xas long as short
ApeX Omni ETHUSDT+0.0057%1h2,731.2+0.034%$8.6M$31.6M100xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,730.2−0.003%$82.0M$309.3M100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,731.1+0.027%$384.9M$576.9M100xas long as short
Hibachi ETH/USDT-P+0.0072%1h2,733.1+0.102%$242K$1.4M20xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,730.8+0.017%$1.65B$10.85B100xas long as short
Aster ETHUSDT+0.0081%8h2,730.7+0.015%$252.9M$849.3M200xas long as short
Binance ETHUSDT+0.0094%8h2,730.8+0.018%$6.32B$16.15B150xas long as short
MEXC ETH_USDT+0.0094%8h2,730.8+0.018%$1.56B$2.56B500xas long as short
Lighter ETH+0.0096%1h2,731.6+0.046%$112.6M$429.5M50xas long as short
Lighter RH ETH+0.0096%1h2,732.7+0.089%$23.5M$102.0M50xas long as short
Aevo ETH-PERP+0.0096%1h2,727.4−0.107%$4.9M$181K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,730.5+0.007%$499K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,735.3+0.184%$15.4M$7.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,730.7+0.014%$14.0M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,732.3+0.073%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,731.9+0.057%$32.1M$333.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,730.2−0.004%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,731.8+0.055%$1.5M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,729.5−0.029%$162.7M$356.9M25xas long as short
Gate ETH_USDTshort+0.0100%8h2,729.2−0.039%$3.31B$8.86B200x
Bitget ETHUSDT+0.0100%8h2,731.1+0.027%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,729.7−0.021%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,731.6+0.049%$134.1M$318.3Mas long as short
edgeX ETHUSDC+0.0100%4h2,731.7+0.052%$185.7M$684.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732+0.063%$158.8M$83.6M50xas long as short
StandX ETH-USD+0.0100%1h2,732.2+0.070%$21.0M$70.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,732.7+0.089%$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732.1+0.066%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,730.6+0.009%$184K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,730.6+0.012%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,731.6+0.049%$40.9M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,730.3+0.001%$958K$10.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,729.7−0.022%$54.4M$187.1M40xas long as short
Phemex ETHUSDT+0.0100%8h2,730.9+0.023%$263.2M$64.5M150xas long as short
Aftermath Perps ETHUSD+0.0103%1h2,731.8+0.053%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,728.6−0.061%$30.4M$72.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,731.4+0.040%$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,731+0.026%$46.5M$4.30B50xas long as short
RISEx ETH/USDC+0.0114%1h2,731.4+0.040%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0183%1h2,730−0.010%$7.3M$975K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,732.3+0.073%$32.2M$11.3M100xas long as short