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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0172%/8h= −18.8% APRnext payment −$0.22 per $10,000 · paid last 24h −0.052%
Price spread now: gTrade (Gains Network) against Reya+0.024%7-day average +0.033% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on gTrade (Gains Network)
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.142%−$14 on $10k
Price spread, last 7 days+0.029%+$3 · spread now +0.024%, 7d avg +0.033%
Together, before fees−0.112%+ Points / potential airdropReya: Active · farm board−$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ETHRUSDPERP2,723.30.0178pay 0.0022% / 1h12m 19s$7.3M$972K25x
ShortgTrade (Gains Network) ETH/USD2,724L +0.0007% / S −0.0006%get 0.0001% / 1h12m 19s$32.9M—200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Reya. 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
−$36.14
Price spread: +0.024% → +0.033%
−$0.92
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Net
−$50.05
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 2 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 Reya no order-book sample—————
Sell gTrade (Gains Network) virtual book (oracle venue), 2 min ago0.53 bp4.1 bp −$44.1 bp −$415.0 bp −$4998.9 bp −$4,447
Reya: 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
Perpl ETH−0.0447%43m2,724.6+0.048%$274K$5.7M8.3xas long as short
BloFin ETH-USDT−0.0183%8h2,725+0.061%$280.8M$177.5M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,724.1+0.028%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,725.4+0.076%$808K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,724+0.023%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,724.9+0.057%$10.5M$41.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,725.9+0.094%$6.7M$676.5M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,724+0.023%$263.6M$214.1M50xas long as short
gTrade (Gains Network) ETH/USDshortL +0.0007% / S −0.0006%1h2,724+0.024%$32.9M—200x
BingX ETH-USDC+0.0016%8h2,723.1−0.008%—$18.6M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0021%8h2,723.3−0.002%$2.31B$4.33B150xas long as short
01 Exchange ETHUSD+0.0032%1h2,724.4+0.039%$190K$883K50xas long as short
HTX ETH-USDT+0.0033%8h2,725.1+0.065%$1.05B$1.22B200xas long as short
Injective ETH/USDC PERP+0.0050%1h2,729.4+0.222%$117K$22.0M52xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,723.7+0.015%$81.8M$310.2M100xas long as short
Hibachi ETH/USDT-P+0.0064%1h2,725.5+0.079%$242K$1.4M20xas long as short
OKX ETH-USDT-SWAP+0.0073%8h2,723.40.000%$1.65B$10.76B100xas long as short
ApeX Omni ETHUSDT+0.0074%1h2,724.1+0.026%$8.5M$31.4M100xas long as short
KuCoin ETHUSDTM+0.0077%8h2,723.9+0.022%$382.6M$576.8M100xas long as short
Aster ETHUSDT+0.0081%8h2,724+0.023%$252.4M$850.9M200xas long as short
Aevo ETH-PERP+0.0088%1h2,721−0.086%$4.9M$175K20xas long as short
MEXC ETH_USDT+0.0091%8h2,723.8+0.015%$1.58B$2.59B500xas long as short
Binance ETHUSDT+0.0092%8h2,723.5+0.005%$6.30B$16.09B150xas long as short
Lighter ETH+0.0096%1h2,724.6+0.046%$112.2M$433.3M50xas long as short
Lighter RH ETH+0.0096%1h2,725.8+0.089%$23.4M$102.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,724.1+0.028%$499K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.7+0.198%$15.4M$7.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,723.6+0.010%$14.1M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,726.1+0.101%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,724.9+0.058%$32.0M$333.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,723.8+0.017%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,724.4+0.037%$1.6M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,723.7+0.015%$3.30B$8.94B200xas long as short
Bitget ETHUSDT+0.0100%8h2,723.3−0.003%$2.10B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,724.3+0.036%$15.0M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,724.1+0.029%$133.8M$316.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,724.2+0.032%$185.4M$683.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,724.8+0.052%$158.3M$82.0M50xas long as short
StandX ETH-USD+0.0100%1h2,726+0.098%$20.9M$69.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,725.8+0.089%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,725.2+0.068%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,723.9+0.021%$193K$1.7M20xas long as short
Derive ETH-PERP+0.0100%1h2,726.7+0.124%$40.7M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,723.5+0.005%$954K$10.7M100xas long as short
SoDEX ETH-USD+0.0100%1h2,723.1−0.009%$54.2M$182.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,723.9+0.019%$262.3M$64.3M150xas long as short
Bulk ETH-USD+0.0100%1h2,726.7+0.125%$161.2M$356.8M25xas long as short
Aftermath Perps ETHUSD+0.0100%1h2,725.2+0.070%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,722.3−0.040%$30.4M$71.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,725.7+0.088%—$30.2M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,724.7+0.050%$46.5M$4.26B50xas long as short
RISEx ETH/USDC+0.0114%1h2,724.6+0.047%$5.6M$11.6M25xas long as short
Reya ETHRUSDPERPlong+0.0178%1h2,723.3long leg$7.3M$972K25x
Orderly PERP_ETH_USDC+0.0185%8h2,725.8+0.091%$32.2M$11.2M100xas long as short
Bluefin ETH-PERP+0.0275%1h2,724.2+0.032%$20K$23K25xas long as short