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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 01:00 UTC+0.0134%/8h= +14.6% APRnext payment +$0.17 per $10,000 · paid last 24h −0.028%
Price spread now: gTrade (Gains Network) against RISEx+0.003%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$150.146% of the position
Long on RISExShort on gTrade (Gains Network)
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.094%−$9 on $10k
Price spread, last 3 days (all we have)+0.009%+$1 · spread now +0.003%, 7d avg −0.007%
Together, before fees−0.085%−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.094%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,767.6−0.0128get 0.0016% / 1h4m 15s$5.6M$11.2M25x
ShortgTrade (Gains Network) ETH/USD2,767.6L +0.0006% / S −0.0006%get 0.0001% / 1h4m 15s$22.4M—200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against RISEx. 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
$28.06
Price spread: +0.003% → −0.007%
$0.93
Slippage, 4 orders
−$1.59
Fee RISEx: 3 bp × 2 orders
−$6
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Net
$14.41
Costs to cover
0.146%
Break-even
3.4 days
Slippage from RISEx: 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
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 5 min ago0.02 bp3.1 bp −$34.1 bp −$41281.8 bp −$28.2Kdoesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 5 min ago0.54 bp4.1 bp −$44.1 bp −$415.0 bp −$5008.9 bp −$4,451

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
Injective ETH/USDC PERP−0.0752%1h2,773.8+0.225%$119K$22.5M52xas long as short
Perpl ETH−0.0447%43m2,768.1+0.020%$323K$6.1M8.3xas long as short
RISEx ETH/USDClong−0.0128%1h2,767.6long leg$5.6M$11.2M25x
Hotstuff ETH-PERP−0.0080%1h2,768.1+0.019%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,768.1+0.019%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,770.8+0.117%$872K$3.7M25xas long as short
dYdX ETH-USD+0.0004%1h2,768.8+0.045%$12.3M$43.0M50xas long as short
gTrade (Gains Network) ETH/USDshortL +0.0006% / S −0.0006%1h2,767.6+0.003%$22.4M—200x
Phemex ETHUSDT+0.0016%8h2,765−0.093%$269.1M$65.8M150xas long as short
Bullet ETH-USD+0.0017%1h2,767.1−0.017%$185K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0033%8h2,763.4−0.152%$1.70B$10.95B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,767.6+0.002%$12.7M—200xas long as short
Aster ETHUSDT+0.0048%8h2,766.4−0.041%$260.5M$849.5M200xas long as short
SoDEX ETH-USD+0.0048%1h2,765.4−0.078%$55.1M$187.7M40xas long as short
Aevo ETH-PERP+0.0056%1h2,764.3−0.118%$5.0M$156K20xas long as short
Binance ETHUSDT+0.0057%8h2,765.1−0.088%$6.46B$16.03B150xas long as short
MEXC ETH_USDT+0.0058%8h2,767.1−0.018%$1.61B$2.66B500xas long as short
Aftermath Perps ETHUSD+0.0069%1h2,769.9+0.084%$31K$21K20xas long as short
HTX ETH-USDT+0.0073%8h2,764.9−0.096%$1.07B$1.22B200xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,766.1−0.052%$60.2M$4.39B50xas long as short
Bitget ETHUSDT+0.0081%8h2,765.8−0.065%$2.10B$2.81B150xas long as short
Vest ETH-PERP+0.0087%1h2,767.7+0.004%—$870K50xas long as short
Gate ETH_USDT+0.0090%8h2,767.2−0.014%$3.40B$9.13B200xas long as short
KuCoin ETHUSDTM+0.0090%8h2,767.60.000%$419.8M$589.1M100xas long as short
Lighter ETH+0.0096%1h2,765.6−0.071%$114.9M$460.4M50xas long as short
Lighter RH ETH+0.0096%1h2,766.3−0.047%$25.5M$112.2M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773.9+0.230%$15.9M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,767.8+0.008%$486K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,767.2−0.013%$14.5M$112.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,769.7+0.078%$3.16B$2.10B25xas long as short
Pacifica ETH+0.0100%1h2,768.5+0.033%$31.3M$328.9M50xas long as short
Bybit ETHUSDT+0.0100%8h2,763.9−0.134%$2.50B$4.27B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,767.4−0.006%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,768.3+0.025%$2.8M$16.7M25xas long as short
Bulk ETH-USD+0.0100%1h2,771.7+0.150%$172.0M$293.3M25xas long as short
BingX ETH-USDC+0.0100%8h2,767.1−0.016%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,766.5−0.039%$15.0M$42.3M50xas long as short
Variational Omni ETH+0.0100%8h2,766.4−0.043%$134.4M$347.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,770.3+0.100%$183.8M$751.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.6+0.182%$161.2M$83.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,773.5+0.215%$8.9M$31.4M100xas long as short
StandX ETH-USD+0.0100%1h2,768.5+0.034%$21.4M$64.8M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,767−0.021%$10.5M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,767.4−0.006%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,767.6+0.001%$42.5M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,766.9−0.023%$970K$12.7M100xas long as short
Extended ETH-USD+0.0104%1h2,765−0.094%$30.9M$74.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,766.9−0.022%—$35.8M500xas long as short
Kalshi KXETHPERP+0.0120%8h2,768.2+0.023%$8.0M$673.0M4.9xas long as short
Deribit ETH-PERPETUAL+0.0122%1h2,766.7−0.033%$259.1M$200.5M50xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,766.2−0.050%$97.8M$314.7M100xas long as short
Orderly PERP_ETH_USDC+0.0158%8h2,768.9+0.047%$32.6M$11.0M100xas long as short
Hibachi ETH/USDT-P+0.0160%1h2,768+0.017%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0179%8h2,766.9−0.024%$287.3M$174.7M150xas long as short
Reya ETHRUSDPERP+0.0215%1h2,766.9−0.025%$7.3M$1.1M25xas long as short