Settings8H · net · $10k
Funding arb · Price arb /

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%
Price spread now: Arcus against GRVT+0.028%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$240.245% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.013%+$1 on $10k
Price spread, last 7 days−0.008%−$1 · spread now +0.028%, 7d avg +0.001%
Together, before fees+0.005%+ Points / potential airdropGRVT: Active · farm board$0 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.027% dearer against GRVT than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT ETH_USDT_Perp2,770.20.0100pay 0.0100% / 8h7h 46m$161.1M$86.9M50x
ShortArcus ETH-USD2,7710.0100get 0.0013% / 1h46m 58s$2.8M$17.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against GRVT. 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
$0
Price spread: +0.028% → +0.001%
$2.71
Slippage, 4 orders
−$10.97
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$21.76
Costs to cover
0.245%
Break-even
never at this rate
Slippage from GRVT: live order book, 2 min ago; Arcus: 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 GRVT live order book, 2 min ago0.02 bp8.8 bp −$914.5 bp −$14520.2 bp −$2,02213377.3 bp −$6.69M
Sell Arcus live order book, 2 min ago0.41 bp3.0 bp −$33.7 bp −$375.5 bp −$550doesn'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−0.0752%1h2,770.4+0.006%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,770.3+0.003%$5.7M$11.8M25xas long as short
Perpl ETH−0.0112%43m2,770.7+0.016%$285K$6.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.1+0.031%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,770.1−0.005%$168K$1.2M50xas long as short
Phemex ETHUSDT−0.0026%8h2,772+0.062%$270.0M$67.8M150xas long as short
Phoenix ETH−0.0003%1h2,771.1+0.031%$878K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,770−0.009%$12.7M$45.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.2+0.071%$22.4M200xas long as short
Bullet ETH-USD+0.0020%1h2,771.1+0.031%$183K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0021%8h2,771.2+0.033%$1.71B$11.63B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,771.5+0.047%$12.7M200xas long as short
SoDEX ETH-USD+0.0038%1h2,771.5+0.046%$55.2M$228.8M40xas long as short
Aster ETHUSDT+0.0040%8h2,771.9+0.061%$256.7M$957.6M200xas long as short
Aftermath Perps ETHUSD+0.0041%1h2,771.3+0.040%$31K$24K20xas long as short
Aevo ETH-PERP+0.0056%1h2,772+0.063%$5.0M$165K20xas long as short
Gate ETH_USDT+0.0057%8h2,771.9+0.061%$3.33B$8.93B200xas long as short
MEXC ETH_USDT+0.0057%8h2,771.8+0.056%$1.62B$2.62B500xas long as short
Binance ETHUSDT+0.0058%8h2,771.7+0.052%$6.47B$17.05B150xas long as short
HTX ETH-USDT+0.0060%8h2,771.4+0.041%$1.08B$1.30B200xas long as short
Bitget ETHUSDT+0.0068%8h2,771.9+0.061%$2.10B$3.02B150xas long as short
ApeX Omni ETHUSDT+0.0075%1h2,770.1−0.006%$8.7M$32.8M100xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,773.1+0.103%$60.5M$4.54B50xas long as short
KuCoin ETHUSDTM+0.0082%8h2,772.3+0.073%$420.9M$730.3M100xas long as short
Vest ETH-PERP+0.0088%1h2,770.6+0.012%$1.0M50xas long as short
Lighter ETH+0.0096%1h2,772.7+0.089%$115.3M$456.5M50xas long as short
Lighter RH ETH+0.0096%1h2,773.7+0.125%$25.2M$110.0M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.5−0.025%$15.9M$9.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.7−0.019%$487K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,769.4−0.029%$14.5M$117.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,773.9+0.132%$3.17B$2.30B25xas long as short
Pacifica ETH+0.0100%1h2,770.3+0.002%$31.2M$322.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,771.7+0.054%$2.51B$4.53B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.2−0.037%$2.8M$17.2M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,771+0.028%$2.8M$17.3M25x
Bulk ETH-USD+0.0100%1h2,769.9−0.011%$170.3M$272.1M25xas long as short
BingX ETH-USDT+0.0100%8h2,771.7+0.051%$1.24Bas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.7+0.087%$15.3M$42.6M50xas long as short
Variational Omni ETH+0.0100%8h2,768.8−0.052%$151.4M$343.1Mas long as short
edgeX ETHUSDC+0.0100%4h2,768.8−0.051%$181.8M$786.3M100xas long as short
GRVT ETH_USDT_Perplong+0.0100%8h2,770.2long leg$161.1M$86.9M50x
StandX ETH-USD+0.0100%1h2,770.3+0.002%$21.4M$59.1M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.6+0.013%$10.6M$8.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772.1+0.066%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,774+0.134%$42.6M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,769.8−0.018%$972K$13.7M100xas long as short
Kalshi KXETHPERP+0.0100%8h2,771.6+0.049%$8.2M$688.7M4.9xas long as short
Extended ETH-USD+0.0104%1h2,771.3+0.037%$32.5M$77.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,770.4+0.005%$41.7M500xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,773.2+0.108%$93.4M$331.5M100xas long as short
Orderly PERP_ETH_USDC+0.0147%8h2,774.7+0.161%$32.6M$11.9M100xas long as short
Hibachi ETH/USDT-P+0.0168%1h2,770.4+0.007%$252K$1.5M20xas long as short
BloFin ETH-USDT+0.0178%8h2,771.8+0.058%$287.6M$190.5M150xas long as short
Deribit ETH-PERPETUAL+0.0208%1h2,773.1+0.104%$259.1M$216.5M50xas long as short
Reya ETHRUSDPERP+0.0208%1h2,770.7+0.017%$7.3M$1.2M25xas long as short