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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 02:00 UTC+0.0015%/8h= +1.7% APRpaid last 24h −0.013%
Price spread now: GRVT against Bullet+0.363%7-day average +0.008% · 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+$15as in the Price arb table
costs, in and out, $10k−$210.209% of the position
Long on BulletShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.031%+$3 on $10k
Price spread, last 7 days−0.351%−$35 · spread now +0.363%, 7d avg +0.008%
Together, before fees−0.321%+ Points / potential airdropGRVT: Active · farm board−$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and GRVT is 0.355% dearer against Bullet than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet ETH-USD2,739.40.0085pay 0.0011% / 1h54m 58s$182K$1.7M20x
ShortGRVT ETH_USDT_Perp2,749.30.0100get 0.0100% / 8h6h 54m$159.9M$81.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against Bullet. 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
$3.25
Price spread: +0.363% → +0.008%
$35.55
Slippage, 4 orders
−$3.86
Fee Bullet: 4 bp × 2 orders
−$8
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
$17.94
Costs to cover
0.209%
Break-even
from the start
Slippage from Bullet: live order book, 4 min ago; GRVT: live order book, 4 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 Bullet live order book, 4 min ago0.18 bp6.1 bp −$69.6 bp −$96doesn't fitdoesn't fit
Sell GRVT live order book, 4 min ago0.02 bp4.5 bp −$54.5 bp −$457.8 bp −$781doesn'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
ApeX Omni ETHUSDT−0.0865%1h2,751.3+0.435%$8.8M$31.4M100xas long as short
Perpl ETH−0.0447%43m2,740.9+0.055%$323K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,742.7+0.120%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,740.2+0.029%$5.5M$11.3M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,739.7+0.011%$11.9M—200xas long as short
Phoenix ETH−0.0003%1h2,756.1+0.610%$862K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,740.6+0.042%$10.9M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,740.6+0.044%$180K$1.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,740.1+0.027%$22.1M—200xas long as short
BingX ETH-USDT+0.0027%8h2,741.3+0.069%—$1.21B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0034%8h2,741.9+0.089%$1.67B$11.01B100xas long as short
HTX ETH-USDT+0.0037%8h2,740.7+0.049%$1.06B$1.23B200xas long as short
Aster ETHUSDT+0.0042%8h2,741.4+0.072%$256.8M$856.0M200xas long as short
MEXC ETH_USDT+0.0054%8h2,741.5+0.076%$1.57B$2.52B500xas long as short
Binance ETHUSDT+0.0054%8h2,741.3+0.070%$6.35B$16.28B150xas long as short
Aevo ETH-PERP+0.0056%1h2,741.4+0.073%$4.9M$166K20xas long as short
Gate ETH_USDT+0.0063%8h2,741.6+0.078%$3.31B$8.65B200xas long as short
Bitget ETHUSDT+0.0082%8h2,741.7+0.084%$2.07B$2.86B150xas long as short
Bullet ETH-USDlong+0.0085%1h2,739.4long leg$182K$1.7M20x
KuCoin ETHUSDTM+0.0085%8h2,741.2+0.064%$382.9M$606.6M100xas long as short
Aftermath Perps ETHUSD+0.0085%1h2,753.6+0.520%$30K$21K20xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,741.6+0.081%$59.5M$4.38B50xas long as short
Variational Omni ETH+0.0095%8h2,741.6+0.079%$132.7M$345.8M—as long as short
Lighter ETH+0.0096%1h2,741.1+0.061%$113.0M$437.4M50xas long as short
Lighter RH ETH+0.0096%1h2,742.8+0.126%$25.0M$105.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,742.4+0.111%—$35.7M500xas long as short
SoDEX ETH-USD+0.0096%1h2,740.4+0.037%$54.6M$187.7M40xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,746.7+0.265%$15.9M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.9+0.055%$470K$2.8M50xas long as short
Vest ETH-PERP+0.0100%1h2,742+0.095%—$871K50xas long as short
Nado ETH-PERP+0.0100%1h2,741.2+0.065%$14.0M$113.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,743.6+0.153%$3.11B$2.15B25xas long as short
Pacifica ETH+0.0100%1h2,741.7+0.082%$31.1M$332.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,741.3+0.069%$2.46B$4.36B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,739.5+0.004%$2.8M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,740.7+0.049%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,752.6+0.483%$169.2M$297.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,740.9+0.053%$14.9M$42.5M50xas long as short
edgeX ETHUSDC+0.0100%4h2,751.5+0.441%$183.7M$729.4M100xas long as short
GRVT ETH_USDT_Perpshort+0.0100%8h2,749.3+0.363%$159.9M$81.2M50x
StandX ETH-USD+0.0100%1h2,751.9+0.456%$21.3M$65.4M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,739.3−0.004%$10.3M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,740.4+0.037%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,742.6+0.119%$41.9M$29.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,740+0.023%$961K$12.7M100xas long as short
Phemex ETHUSDT+0.0100%8h2,741.8+0.086%$266.6M$66.1M150xas long as short
Extended ETH-USD+0.0104%1h2,740+0.021%$30.5M$74.7M50xas long as short
Kalshi KXETHPERP+0.0128%8h2,741.7+0.084%$7.6M$671.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0159%8h2,742.9+0.126%$32.3M$11.0M100xas long as short
Hibachi ETH/USDT-P+0.0168%1h2,743.9+0.164%$250K$1.5M20xas long as short
Deribit ETH-PERPETUAL+0.0173%1h2,742.1+0.097%$258.8M$202.2M50xas long as short
BloFin ETH-USDT+0.0174%8h2,740+0.022%$284.7M$177.8M150xas long as short
Injective ETH/USDC PERP+0.0209%1h2,743.1+0.135%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0216%1h2,739.2−0.008%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0355%1h2,741.7+0.085%$92.8M$322.0M100xas long as short