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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0142%/8h= +15.5% APRpaid last 24h −0.002%
Price spread now: GRVT against ApeX Omni+0.021%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$200.205% of the position
Long on ApeX OmniShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days+0.096%+$10 on $10k
Price spread, last 7 days−0.051%−$5 · spread now +0.021%, 7d avg +0.018%
Together, before fees+0.045%+ Points / potential airdropGRVT: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,744.9−0.0042get 0.0005% / 1h32m 11s$8.7M$31.8M100x
ShortGRVT ETH_USDT_Perp2,745.50.0100get 0.0100% / 8h6h 32m$159.7M$84.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against ApeX Omni. 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
$29.82
Price spread: +0.021% → +0.018%
$0.28
Slippage, 4 orders
−$1.49
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
$9.6
Costs to cover
0.205%
Break-even
4.7 days
Slippage from ApeX Omni: live order book, 2 min ago; GRVT: live order book, 2 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 ApeX Omni live order book, 2 min ago0.07 bp5.1 bp −$55.6 bp −$5616.7 bp −$1,66641.4 bp −$20.7K
Sell GRVT live order book, 2 min ago0.02 bp4.7 bp −$56.1 bp −$618.0 bp −$79817.4 bp −$8,723

ETH on 54 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%43m2,748.9+0.143%$310K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,746.9+0.072%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,749.3+0.160%$5.5M$11.2M25xas long as short
ApeX Omni ETHUSDTlong−0.0042%1h2,744.9long leg$8.7M$31.8M100x
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,749.5+0.167%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,746.4+0.054%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,749.4+0.163%$10.8M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,749.3+0.160%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0016%1h2,749.4+0.163%$181K$1.1M50xas long as short
BingX ETH-USDC+0.0032%8h2,747.5+0.092%—$17.3M—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0042%8h2,747.9+0.110%$1.69B$11.04B100xas long as short
HTX ETH-USDT+0.0043%8h2,747.4+0.089%$1.07B$1.21B200xas long as short
Aster ETHUSDT+0.0061%8h2,749.3+0.158%$253.6M$861.5M200xas long as short
MEXC ETH_USDT+0.0071%8h2,747.5+0.093%$1.56B$2.56B500xas long as short
Binance ETHUSDT+0.0072%8h2,748.1+0.116%$6.35B$16.29B150xas long as short
Aevo ETH-PERP+0.0072%1h2,747+0.074%$4.9M$168K20xas long as short
KuCoin ETHUSDTM+0.0073%8h2,747.4+0.091%$381.5M$607.0M100xas long as short
Gate ETH_USDT+0.0088%8h2,748.1+0.115%$3.39B$8.86B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,749.6+0.168%$59.0M$4.38B50xas long as short
Bitget ETHUSDT+0.0090%8h2,747.7+0.102%$2.07B$2.85B150xas long as short
Lighter ETH+0.0096%1h2,748.1+0.117%$112.8M$442.1M50xas long as short
Lighter RH ETH+0.0096%1h2,749.7+0.172%$24.8M$106.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,748.6+0.133%—$35.4M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,753+0.293%$15.9M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,748.4+0.126%$468K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,747.9+0.107%$14.0M$113.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,749.9+0.181%$3.13B$2.12B25xas long as short
Pacifica ETH+0.0100%1h2,749.3+0.159%$31.5M$333.7M50xas long as short
Bybit ETHUSDT+0.0100%8h2,747.5+0.095%$2.46B$4.35B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,747.5+0.094%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,749.7+0.173%$2.8M$16.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,747.4+0.091%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,744.6−0.013%$133.0M$346.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,744.4−0.021%$181.5M$729.2M100xas long as short
GRVT ETH_USDT_Perpshort+0.0100%8h2,745.5+0.021%$159.7M$84.8M50x
StandX ETH-USD+0.0100%1h2,746.2+0.046%$21.2M$67.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,749.8+0.178%—$869K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,749.2+0.156%$10.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,749.3+0.159%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,749.2+0.156%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,750.2+0.192%$41.8M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,749+0.149%$964K$12.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,748.1+0.115%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,748.4+0.128%$267.1M$66.5M150xas long as short
Bulk ETH-USD+0.0100%1h2,743.9−0.036%$165.5M$306.7M25xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,746.4+0.054%$30K$21K20xas long as short
Extended ETH-USD+0.0104%1h2,748+0.112%$30.4M$74.4M50xas long as short
Kalshi KXETHPERP+0.0138%8h2,747.6+0.097%$7.8M$673.9M4.9xas long as short
Deribit ETH-PERPETUAL+0.0143%1h2,749.5+0.166%$258.5M$201.5M50xas long as short
Orderly PERP_ETH_USDC+0.0168%8h2,751.2+0.228%$32.4M$11.1M100xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,746.5+0.057%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,746.7+0.064%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0219%1h2,749.3+0.158%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,748.9+0.144%$90.0M$317.0M100xas long as short