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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+0.0046%/8h= +5.1% APRnext payment +$0.46 per $10,000 · paid last 24h +0.003%
Price spread now: GRVT against Bybit+0.006%50s7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$220.217% of the position
Long on BybitShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days+0.035%+$3 on $10k
Price spread, last 7 days−0.030%−$3 · spread now +0.006%, 7d avg +0.025%
Together, before fees+0.004%+ Points / potential airdropGRVT: Active · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETHUSDT2,733.40.0054pay 0.0054% / 8h4h 04m$2.38B$4.35B150x
ShortGRVT ETH_USDT_Perp2,733.60.0100get 0.0100% / 8h4h 04m$159.0M$86.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$9.73
Price spread: +0.006% → +0.025%
−$1.94
Slippage, 4 orders
−$1.69
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$13.9
Costs to cover
0.217%
Break-even
17.0 days
Slippage from Bybit: live order book, 5 min ago; GRVT: live order book, 5 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 Bybit live order book, 5 min ago0.02 bp5.7 bp −$66.6 bp −$668.0 bp −$8039.7 bp −$4,852
Sell GRVT live order book, 5 min ago0.02 bp4.7 bp −$55.2 bp −$526.8 bp −$67816.0 bp −$7,987

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
Perpl ETH−0.0447%43m2,733.1−0.011%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2+0.029%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,733.8+0.014%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,733.6+0.006%$11.9M—200xas long as short
01 Exchange ETHUSD0.0000%1h2,734.2+0.029%$187K$821K50xas long as short
Phoenix ETH0.0000%1h2,733.9+0.018%$826K$2.9M25xas long as short
dYdX ETH-USD0.0000%1h2,733−0.015%$10.7M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,733.6+0.008%$28.1M—200xas long as short
Bullet ETH-USD+0.0014%1h2,733.3−0.004%$178K$1.7M20xas long as short
HTX ETH-USDT+0.0021%8h2,732.3−0.041%$1.06B$1.20B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0044%8h2,733.7+0.010%—$1.15B—as long as short
Bybit ETHUSDTlong+0.0054%8h2,733.4long leg$2.38B$4.35B150x
ApeX Omni ETHUSDT+0.0063%1h2,732.3−0.042%$8.7M$31.3M100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,733.6+0.006%$380.3M$573.5M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,733.7+0.009%$1.67B$10.71B100xas long as short
Phemex ETHUSDT+0.0081%8h2,733.2−0.008%$265.6M$65.2M150xas long as short
Aster ETHUSDT+0.0085%8h2,733.5+0.001%$251.0M$841.9M200xas long as short
MEXC ETH_USDT+0.0094%8h2,733.6+0.007%$1.55B$2.57B500xas long as short
Binance ETHUSDT+0.0095%8h2,733.7+0.009%$6.35B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,733.7+0.012%$112.8M$441.9M50xas long as short
Lighter RH ETH+0.0096%1h2,734.9+0.052%$23.5M$106.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,733.1−0.010%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,730.8−0.095%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,737.1+0.134%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,734.4+0.036%$5.6M$11.7M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,733.5+0.003%$500K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,733.3−0.005%$13.6M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,735.6+0.080%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,734.4+0.035%$32.0M$335.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.7−0.026%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,734.4+0.035%$1.6M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,733.7+0.009%$169.4M$313.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,733.8+0.013%$3.34B$8.93B200xas long as short
Bitget ETHUSDT+0.0100%8h2,733.7+0.010%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.1−0.049%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,732−0.052%$133.7M$324.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,732.4−0.039%$183.8M$670.9M100xas long as short
GRVT ETH_USDT_Perpshort+0.0100%8h2,733.6+0.006%$159.0M$86.4M50x
StandX ETH-USD+0.0100%1h2,733.5+0.003%$21.1M$68.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,734.2+0.029%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,735+0.058%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.5+0.003%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,735+0.056%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,732.2−0.045%$958K$11.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,733.2−0.008%$54.4M$187.6M40xas long as short
Extended ETH-USD+0.0104%1h2,732.9−0.020%$30.4M$72.9M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,734.3+0.030%$51.3M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0118%1h2,734+0.022%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0131%8h2,733.4−0.001%$6.7M$678.6M4.9xas long as short
Deribit ETH-PERPETUAL+0.0149%1h2,734.7+0.045%$259.6M$196.3M50xas long as short
Orderly PERP_ETH_USDC+0.0197%8h2,735.6+0.079%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0217%1h2,732.8−0.023%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,733.9+0.017%$83.2M$314.8M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,734+0.020%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0378%8h2,733.5+0.002%$283.3M$175.7M150xas long as short