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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 03:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.014%
Price spread now: gTrade (Gains Network) against 01 Exchange+0.023%7-day average +0.011% · 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−$22as in the Price arb table
costs, in and out, $10k−$230.229% of the position
Long on 01 ExchangeShort on gTrade (Gains Network)
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.032%−$3 on $10k
Price spread, last 7 days+0.014%+$1 · spread now +0.023%, 7d avg +0.011%
Together, before fees−0.018%−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ETHUSD2,7450.0024pay 0.0003% / 1h11m 29s$182K$836K50x
ShortgTrade (Gains Network) ETH/USD2,745.6L +0.0007% / S −0.0007%get 0.0001% / 1h11m 29s$25.1M—200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against 01 Exchange. 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
−$3.49
Price spread: +0.023% → +0.011%
$1.17
Slippage, 4 orders
−$8.86
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Net
−$25.18
Costs to cover
0.229%
Break-even
never at this rate
Slippage from 01 Exchange: live order book, 53 min ago; gTrade (Gains Network): virtual book (oracle venue), 3 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 01 Exchange live order book, 53 min ago0.18 bp5.8 bp −$610.4 bp −$104doesn't fitdoesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 3 min ago0.53 bp4.0 bp −$44.1 bp −$415.0 bp −$5008.9 bp −$4,450

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
Hotstuff ETH-PERP−0.0080%1h2,743.2−0.066%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,746.8+0.066%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,745.4+0.015%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,743.2−0.066%$10.8M$41.7M50xas long as short
Perpl ETH0.0000%43m2,744.1−0.032%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDshortL +0.0007% / S −0.0007%1h2,745.6+0.023%$25.1M—200x
Phoenix ETH+0.0017%1h2,746.8+0.066%$848K$2.9M25xas long as short
01 Exchange ETHUSDlong+0.0024%1h2,745long leg$182K$836K50x
ApeX Omni ETHUSDT+0.0032%1h2,744.4−0.021%$8.8M$30.7M100xas long as short
BingX ETH-USDC+0.0054%8h2,744.6−0.016%—$18.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0068%8h2,745.5+0.017%$1.71B$10.56B100xas long as short
KuCoin ETHUSDTM+0.0071%8h2,745−0.002%$382.1M$575.3M100xas long as short
Bullet ETH-USD+0.0074%1h2,745−0.002%$182K$1.7M20xas long as short
RISEx ETH/USDC+0.0077%1h2,745.3+0.010%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0087%8h2,744.9−0.003%$254.0M$840.8M200xas long as short
SoDEX ETH-USD+0.0087%1h2,742.3−0.098%$54.6M$187.6M40xas long as short
Binance ETHUSDT+0.0094%8h2,745.3+0.012%$6.38B$15.68B150xas long as short
MEXC ETH_USDT+0.0095%8h2,7450.000%$1.57B$2.56B500xas long as short
Lighter ETH+0.0096%1h2,744.3−0.027%$112.9M$435.6M50xas long as short
Lighter RH ETH+0.0096%1h2,744.4−0.021%$24.6M$104.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,742.8−0.078%—$30.4M500xas long as short
Aevo ETH-PERP+0.0096%1h2,741.4−0.131%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,743.6−0.051%$56.6M$4.25B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,747+0.074%$16.0M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,744.4−0.022%$469K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,744.5−0.018%$13.9M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,747.2+0.080%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,744.4−0.022%$31.7M$334.5M50xas long as short
Bybit ETHUSDT+0.0100%8h2,745.6+0.023%$2.45B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,742.7−0.084%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,745.4+0.014%$2.8M$16.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,746.6+0.057%$165.7M$303.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,745.7+0.025%$3.40B$8.77B200xas long as short
Bitget ETHUSDT+0.0100%8h2,744.8−0.006%$2.09B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,741.8−0.118%$15.0M$39.4M50xas long as short
Variational Omni ETH+0.0100%8h2,746.6+0.058%$133.5M$325.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,743.6−0.053%$182.4M$665.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,743.7−0.047%$159.6M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,744−0.036%$21.2M$67.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,745.1+0.003%—$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.8+0.029%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,744.1−0.031%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,742−0.109%$961K$11.5M100xas long as short
HTX ETH-USDT+0.0100%8h2,742.6−0.089%$1.06B$1.17B200xas long as short
Phemex ETHUSDT+0.0100%8h2,742.6−0.088%$266.6M$64.9M150xas long as short
Extended ETH-USD+0.0104%1h2,743.2−0.067%$30.7M$72.0M50xas long as short
Aftermath Perps ETHUSD+0.0133%1h2,745.5+0.018%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0159%8h2,743.8−0.044%$7.8M$670.3M4.9xas long as short
Deribit ETH-PERPETUAL+0.0188%1h2,743.9−0.039%$259.8M$195.4M50xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,747.9+0.106%$32.3M$11.4M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,743.3−0.061%$86.5M$310.1M100xas long as short
Reya ETHRUSDPERP+0.0227%1h2,744.1−0.034%$7.3M$1.2M25xas long as short
BloFin ETH-USDT+0.0246%8h2,743−0.072%$285.6M$180.9M150xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,745.3+0.012%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.0402%1h2,745.7+0.026%$21K$20K25xas long as short