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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+0.0019%/8h= +2.1% APRnext payment +$0.19 per $10,000 · paid last 24h +0.006%
Price spread now: GRVT against Aster+0.110%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$180.181% of the position
Long on AsterShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days+0.013%+$1 on $10k
Price spread, last 7 days−0.142%−$14 · spread now +0.110%, 7d avg +0.019%
Together, before fees−0.130%+ Points / potential airdropAster: Stage 5 · GRVT: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GRVT is 0.092% dearer against Aster than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ETHUSDT2,735.80.0081pay 0.0081% / 8h4h 57m$253.1M$840.5M200x
ShortGRVT ETH_USDT_Perp2,738.80.0100get 0.0100% / 8h4h 57m$159.2M$83.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against Aster. 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
$4
Price spread: +0.110% → +0.019%
$9.18
Slippage, 4 orders
−$1.05
Fee Aster: 4 bp × 2 orders
−$8
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$4.87
Costs to cover
0.181%
Break-even
15.5 days
Slippage from Aster: 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 Aster live order book, 2 min ago0.02 bp4.2 bp −$44.3 bp −$435.2 bp −$51911.5 bp −$5,744
Sell GRVT live order book, 2 min ago0.02 bp5.2 bp −$55.7 bp −$5720.1 bp −$2,008doesn't fit

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−0.0141%1h2,738.7+0.107%$118K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,736.7+0.034%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,738+0.083%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,737.2+0.051%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,735.4−0.013%$181K$834K50xas long as short
Perpl ETH0.0000%43m2,739.7+0.144%$301K$5.5M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,738+0.083%$25.3M—200xas long as short
Phoenix ETH+0.0017%1h2,741.1+0.195%$847K$2.9M25xas long as short
SoDEX ETH-USD+0.0027%1h2,737.3+0.056%$54.5M$187.6M40xas long as short
ApeX Omni ETHUSDT+0.0039%1h2,740.1+0.157%$8.8M$30.7M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0054%8h2,734.2−0.059%—$18.4M—as long as short
OKX ETH-USDT-SWAP+0.0069%8h2,735.7−0.001%$1.69B$10.56B100xas long as short
KuCoin ETHUSDTM+0.0071%8h2,735.2−0.019%$380.6M$573.7M100xas long as short
Aster ETHUSDTlong+0.0081%8h2,735.8long leg$253.1M$840.5M200x
Bullet ETH-USD+0.0084%1h2,737.8+0.073%$181K$1.7M20xas long as short
Aevo ETH-PERP+0.0088%1h2,735.3−0.017%$4.9M$154K20xas long as short
MEXC ETH_USDT+0.0090%8h2,734.3−0.054%$1.56B$2.51B500xas long as short
Binance ETHUSDT+0.0090%8h2,735.4−0.015%$6.35B$15.70B150xas long as short
Lighter ETH+0.0096%1h2,736.2+0.015%$112.3M$429.6M50xas long as short
Lighter RH ETH+0.0096%1h2,737.1+0.050%$24.5M$102.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,740.7+0.181%—$30.4M500xas long as short
RISEx ETH/USDC+0.0099%1h2,735.4−0.013%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,738.2+0.087%$15.9M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,734−0.064%$499K$3.1M50xas long as short
HTX ETH-USDT+0.0100%8h2,736.7+0.034%$1.06B$1.18B200xas long as short
Nado ETH-PERP+0.0100%1h2,734.7−0.039%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,737.5+0.063%$3.11B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,736.2+0.016%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,735.9+0.006%$2.43B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,734.4−0.050%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,735.3−0.018%$2.8M$16.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,739.7+0.145%$165.8M$302.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,735−0.027%$3.38B$8.65B200xas long as short
Bitget ETHUSDT+0.0100%8h2,734.9−0.033%$2.07B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,735.5−0.009%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,739+0.117%$133.0M$324.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,738.7+0.109%$182.0M$667.2M100xas long as short
GRVT ETH_USDT_Perpshort+0.0100%8h2,738.8+0.110%$159.2M$83.5M50x
StandX ETH-USD+0.0100%1h2,738.8+0.111%$21.2M$69.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,739.5+0.137%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,739.3+0.129%$10.9M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,739.1+0.122%$41.4M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,737.5+0.065%$960K$11.4M100xas long as short
Phemex ETHUSDT+0.0100%8h2,736.8+0.039%$265.9M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,733.8−0.071%$30.6M$72.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,739+0.117%$54.0M$4.25B50xas long as short
Aftermath Perps ETHUSD+0.0137%1h2,740.7+0.180%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0137%1h2,738.6+0.104%$260.0M$194.8M50xas long as short
Kalshi KXETHPERP+0.0158%8h2,739.6+0.140%$7.6M$672.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,739.7+0.143%$32.2M$11.4M100xas long as short
BloFin ETH-USDT+0.0210%8h2,739.4+0.133%$285.5M$177.8M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,737.7+0.071%$86.0M$309.7M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,737.1+0.048%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,739.1+0.123%$251K$1.4M20xas long as short
Bluefin ETH-PERP+0.3321%1h2,765.3+1.079%$21K$20K25xas long as short