ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.50 per $10,000 · paid last 24h −0.016%

Price spread now: GRVT against Binance−0.135%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 7 days+0.140%+$14 · spread now −0.135%, 7d avg +0.023%

Together, before fees+0.145%+ Points / potential airdropGRVT: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.158% cheaper against Binance than usual: you would sell low and buy high (spread −0.135% now, against its 7-day average of +0.023%). If the spread goes back, that is −$16 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.005% in total) that is about 8 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ETHUSDT	2,779.4	0.0050	pay 0.0050% / 8h	2h 17m	$6.45B	$17.22B	150x
Short	GRVT ETH_USDT_Perp	2,775.7	0.0100	get 0.0100% / 8h	2h 17m	$161.4M	$97.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee GRVTbpOrdersPrice spread, now −0.135%Rate

Funding earned: $10.44
Price spread: −0.135% → +0.023%: −$15.8
Slippage, 4 orders: −$0.14
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$24.5
Costs to cover: 0.191%
Break-even: 23.4 days

Slippage from Binance: live order book, 12 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 12 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	6.0 bp −$605	7.8 bp −$3,880
Sell GRVT live order book, 2 min ago	0.02 bp	4.5 bp −$5	4.8 bp −$48	7.7 bp −$771	17.2 bp −$8,593

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0112%	43m	2,777.7	−0.061%	$290K	$6.9M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,776.6	−0.102%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,778.7	−0.026%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0048%	1h	2,778.3	−0.040%	$172K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,778.2	−0.044%	$859K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,778.3	−0.041%	$5.8M	$11.7M	25x	as long as short
Aftermath Perps ETHUSD	−0.0002%	1h	2,776.1	−0.120%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,777.9	−0.055%	$12.7M	$45.5M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,779.7	+0.010%	$22.5M	—	200x	as long as short
Phemex ETHUSDT	+0.0013%	8h	2,779.2	−0.008%	$267.6M	$66.0M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0022%	8h	2,778.1	−0.048%	$1.71B	$11.92B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,779.6	+0.008%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0038%	8h	2,779	−0.015%	$257.0M	$995.4M	200x	as long as short
ApeX Omni ETHUSDT	+0.0040%	1h	2,777.7	−0.063%	$8.8M	$32.6M	100x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,777.7	−0.061%	$5.0M	$636K	20x	as long as short
MEXC ETH_USDT	+0.0049%	8h	2,779.1	−0.010%	$1.60B	$2.68B	500x	as long as short
Binance ETHUSDTlong	+0.0050%	8h	2,779.4	long leg	$6.45B	$17.22B	150x
Gate ETH_USDT	+0.0074%	8h	2,778.9	−0.020%	$3.29B	$9.68B	200x	as long as short
Bitget ETHUSDT	+0.0075%	8h	2,779	−0.017%	$2.10B	$3.13B	150x	as long as short
Bullet ETH-USD	+0.0084%	1h	2,779	−0.015%	$184K	$1.8M	20x	as long as short
Variational Omni ETH	+0.0096%	8h	2,776.8	−0.096%	$141.1M	$320.7M	—	as long as short
Lighter ETH	+0.0096%	1h	2,779.5	+0.003%	$115.3M	$514.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,781.1	+0.061%	$25.4M	$122.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,779.7	+0.010%	—	$41.7M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,778.1	−0.046%	$16.0M	$10.8M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,778.1	−0.048%	$488K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,776.8	−0.096%	$15.3M	$117.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,781.8	+0.085%	$3.21B	$2.39B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,778.5	−0.033%	$31.3M	$289.2M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,778.4	−0.037%	$2.52B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,777	−0.087%	$2.9M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,780.1	+0.024%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,778.1	−0.048%	$165.4M	$253.6M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,779.1	−0.011%	$423.3M	$741.7M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,778.7	−0.026%	—	$1.18B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,779.6	+0.008%	$15.4M	$42.8M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,775.9	−0.125%	$179.9M	$794.9M	100x	as long as short
GRVT ETH_USDT_Perpshort	+0.0100%	8h	2,775.7	−0.135%	$161.4M	$97.4M	50x
StandX ETH-USD	+0.0100%	1h	2,776.8	−0.094%	$21.4M	$57.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,778.5	−0.033%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,779.6	+0.006%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,779.5	+0.001%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,781.4	+0.072%	$42.8M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,778.3	−0.039%	$974K	$14.2M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,779.1	−0.012%	$55.3M	$228.6M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,778.6	−0.028%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,778.7	−0.027%	$31.4M	$75.7M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,780.6	+0.043%	$60.1M	$4.64B	50x	as long as short
Deribit ETH-PERPETUAL	+0.0106%	1h	2,780.8	+0.050%	$258.5M	$225.1M	50x	as long as short
Kalshi KXETHPERP	+0.0121%	8h	2,778.6	−0.030%	$8.6M	$674.1M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0134%	8h	2,782	+0.093%	$32.6M	$12.0M	100x	as long as short
BloFin ETH-USDT	+0.0170%	8h	2,778.9	−0.018%	$284.7M	$196.1M	150x	as long as short
Reya ETHRUSDPERP	+0.0183%	1h	2,778.1	−0.048%	$7.4M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,780.5	+0.039%	$86.9M	$330.9M	100x	as long as short
Hibachi ETH/USDT-P	+0.0448%	1h	2,778.4	−0.038%	$283K	$1.5M	20x	as long as short