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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 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.050%
Price spread now: GRVT against dYdX+0.018%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$220.218% of the position
Long on dYdXShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days−0.188%−$19 on $10k
Price spread, last 7 days−0.119%−$12 · spread now +0.018%, 7d avg +0.028%
Together, before fees−0.307%+ Points / potential airdropGRVT: Active · farm board−$31 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.188%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ETH-USD2,777.10get 0.0000% / 1h17m 14s$12.7M$45.6M50x
ShortGRVT ETH_USDT_Perp2,777.60.0100get 0.0100% / 8h1h 17m$161.5M$91.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against dYdX. 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
$21
Price spread: +0.018% → +0.028%
−$1.03
Slippage, 4 orders
−$2.76
Fee dYdX: 5 bp × 2 orders
−$10
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$1.78
Costs to cover
0.218%
Break-even
7.6 days
Slippage from dYdX: 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 dYdX live order book, 2 min ago0.18 bp6.4 bp −$68.9 bp −$8911.5 bp −$1,15026.1 bp −$13.0K
Sell GRVT live order book, 2 min ago0.02 bp4.5 bp −$54.8 bp −$488.0 bp −$80117.5 bp −$8,747

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%43m2,775.9−0.042%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,775.7−0.049%$5.7M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.6−0.018%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,779.6+0.090%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,776.1−0.036%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0011%1h2,777.4+0.012%$29K$22K20xas long as short
dYdX ETH-USDlong0.0000%1h2,777.1long leg$12.7M$45.6M50x
Phoenix ETH0.0000%1h2,779.6+0.090%$886K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775.9−0.041%$22.4M—200xas long as short
BingX ETH-USDT+0.0017%8h2,774.3−0.099%—$1.18B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0019%8h2,775.1−0.071%$1.70B$11.86B100xas long as short
Phemex ETHUSDT+0.0021%8h2,775.6−0.055%$270.0M$68.5M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,775.8−0.047%$12.9M—200xas long as short
Deribit ETH-PERPETUAL+0.0027%1h2,776.8−0.012%$258.4M$222.4M50xas long as short
Bullet ETH-USD+0.0037%1h2,774.9−0.077%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0039%8h2,775.6−0.052%$256.5M$991.9M200xas long as short
Nado ETH-PERP+0.0060%1h2,775.6−0.054%$14.2M$118.2M50xas long as short
Aevo ETH-PERP+0.0064%1h2,774.3−0.099%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0065%8h2,775.7−0.052%$1.61B$2.67B500xas long as short
Binance ETHUSDT+0.0066%8h2,775.7−0.052%$6.44B$17.21B150xas long as short
Bitget ETHUSDT+0.0069%8h2,774.4−0.096%$2.10B$3.10B150xas long as short
ApeX Omni ETHUSDT+0.0073%1h2,780.3+0.114%$8.8M$32.6M100xas long as short
Gate ETH_USDT+0.0073%8h2,775.2−0.068%$3.29B$9.65B200xas long as short
SoDEX ETH-USD+0.0076%1h2,775.4−0.061%$55.3M$228.9M40xas long as short
Bybit ETHUSDT+0.0093%8h2,775.6−0.053%$2.52B$4.62B150xas long as short
HTX ETH-USDT+0.0095%8h2,774.7−0.086%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,776−0.038%$115.2M$502.1M50xas long as short
Lighter RH ETH+0.0096%1h2,777.3+0.008%$25.4M$121.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.6−0.018%—$41.6M500xas long as short
KuCoin ETHUSDTM+0.0098%8h2,775.4−0.061%$422.7M$739.3M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,775.5−0.056%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776−0.039%$478K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,777.6+0.018%$3.19B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,776.3−0.029%$31.3M$302.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775−0.075%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,777.5+0.013%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.9+0.066%$165.9M$253.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,775.6−0.054%$15.2M$44.3M50xas long as short
Variational Omni ETH+0.0100%8h2,778.6+0.055%$136.7M$326.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,779.6+0.092%$181.9M$783.9M100xas long as short
GRVT ETH_USDT_Perpshort+0.0100%8h2,777.6+0.018%$161.5M$91.5M50x
StandX ETH-USD+0.0100%1h2,777.3+0.008%$21.4M$58.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,776.2−0.031%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,776.6−0.018%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,776.1−0.036%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,777.6+0.019%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775−0.076%$972K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,775−0.076%$32.6M$77.8M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,776.4−0.023%$59.9M$4.60B50xas long as short
Kalshi KXETHPERP+0.0126%8h2,776.7−0.014%$8.4M$679.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,778+0.033%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,776.2−0.031%$86.0M$332.3M100xas long as short
BloFin ETH-USDT+0.0186%8h2,775.5−0.057%$284.2M$194.5M150xas long as short
Reya ETHRUSDPERP+0.0193%1h2,774.9−0.080%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,778.8+0.062%$270K$1.5M20xas long as short