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 − costs—under 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
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%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT ETH_USDT_Perp | 2,770.2 | 0.0100 | pay 0.0100% / 8h | 7h 46m | $161.1M | $86.9M | 50x |
| Short | Arcus ETH-USD | 2,771 | 0.0100 | get 0.0013% / 1h | 46m 58s | $2.8M | $17.3M | 25x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy GRVT live order book, 2 min ago | 0.02 bp | 8.8 bp −$9 | 14.5 bp −$145 | 20.2 bp −$2,022 | 13377.3 bp −$6.69M |
| Sell Arcus live order book, 2 min ago | 0.41 bp | 3.0 bp −$3 | 3.7 bp −$37 | 5.5 bp −$550 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ETH/USDC PERP | −0.0752% | 1h | 2,770.4 | +0.006% | $119K | $22.5M | 52x | as long as short |
| RISEx ETH/USDC | −0.0128% | 1h | 2,770.3 | +0.003% | $5.7M | $11.8M | 25x | as long as short |
| Perpl ETH | −0.0112% | 43m | 2,770.7 | +0.016% | $285K | $6.6M | 8.3x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,771.1 | +0.031% | $5K | $1K | 50x | as long as short |
| 01 Exchange ETHUSD | −0.0032% | 1h | 2,770.1 | −0.005% | $168K | $1.2M | 50x | as long as short |
| Phemex ETHUSDT | −0.0026% | 8h | 2,772 | +0.062% | $270.0M | $67.8M | 150x | as long as short |
| Phoenix ETH | −0.0003% | 1h | 2,771.1 | +0.031% | $878K | $3.7M | 25x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,770 | −0.009% | $12.7M | $45.8M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0006% / S −0.0006% | 1h | 2,772.2 | +0.071% | $22.4M | — | 200x | as long as short |
| Bullet ETH-USD | +0.0020% | 1h | 2,771.1 | +0.031% | $183K | $1.7M | 20x | 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 | +0.0021% | 8h | 2,771.2 | +0.033% | $1.71B | $11.63B | 100x | as long as short |
| GMX ETH/USD [ETH-USDC] | L +0.0025% / S +0.0009% | 1h | 2,771.5 | +0.047% | $12.7M | — | 200x | as long as short |
| SoDEX ETH-USD | +0.0038% | 1h | 2,771.5 | +0.046% | $55.2M | $228.8M | 40x | as long as short |
| Aster ETHUSDT | +0.0040% | 8h | 2,771.9 | +0.061% | $256.7M | $957.6M | 200x | as long as short |
| Aftermath Perps ETHUSD | +0.0041% | 1h | 2,771.3 | +0.040% | $31K | $24K | 20x | as long as short |
| Aevo ETH-PERP | +0.0056% | 1h | 2,772 | +0.063% | $5.0M | $165K | 20x | as long as short |
| Gate ETH_USDT | +0.0057% | 8h | 2,771.9 | +0.061% | $3.33B | $8.93B | 200x | as long as short |
| MEXC ETH_USDT | +0.0057% | 8h | 2,771.8 | +0.056% | $1.62B | $2.62B | 500x | as long as short |
| Binance ETHUSDT | +0.0058% | 8h | 2,771.7 | +0.052% | $6.47B | $17.05B | 150x | as long as short |
| HTX ETH-USDT | +0.0060% | 8h | 2,771.4 | +0.041% | $1.08B | $1.30B | 200x | as long as short |
| Bitget ETHUSDT | +0.0068% | 8h | 2,771.9 | +0.061% | $2.10B | $3.02B | 150x | as long as short |
| ApeX Omni ETHUSDT | +0.0075% | 1h | 2,770.1 | −0.006% | $8.7M | $32.8M | 100x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0080% | 1h | 2,773.1 | +0.103% | $60.5M | $4.54B | 50x | as long as short |
| KuCoin ETHUSDTM | +0.0082% | 8h | 2,772.3 | +0.073% | $420.9M | $730.3M | 100x | as long as short |
| Vest ETH-PERP | +0.0088% | 1h | 2,770.6 | +0.012% | — | $1.0M | 50x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,772.7 | +0.089% | $115.3M | $456.5M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,773.7 | +0.125% | $25.2M | $110.0M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0099% | 8h | 2,769.5 | −0.025% | $15.9M | $9.6M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,769.7 | −0.019% | $487K | $2.9M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,769.4 | −0.029% | $14.5M | $117.5M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,773.9 | +0.132% | $3.17B | $2.30B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,770.3 | +0.002% | $31.2M | $322.6M | 50x | as long as short |
| Bybit ETHUSDT | +0.0100% | 8h | 2,771.7 | +0.054% | $2.51B | $4.53B | 150x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,769.2 | −0.037% | $2.8M | $17.2M | 25x | as long as short |
| Arcus ETH-USDshort | +0.0100% | 1h | 2,771 | +0.028% | $2.8M | $17.3M | 25x | |
| Bulk ETH-USD | +0.0100% | 1h | 2,769.9 | −0.011% | $170.3M | $272.1M | 25x | as long as short |
| BingX ETH-USDT | +0.0100% | 8h | 2,771.7 | +0.051% | — | $1.24B | — | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,772.7 | +0.087% | $15.3M | $42.6M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,768.8 | −0.052% | $151.4M | $343.1M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,768.8 | −0.051% | $181.8M | $786.3M | 100x | as long as short |
| GRVT ETH_USDT_Perplong | +0.0100% | 8h | 2,770.2 | long leg | $161.1M | $86.9M | 50x | |
| StandX ETH-USD | +0.0100% | 1h | 2,770.3 | +0.002% | $21.4M | $59.1M | 40x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,770.6 | +0.013% | $10.6M | $8.1M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,772.1 | +0.066% | $21K | $24K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,774 | +0.134% | $42.6M | $29.3M | 15x | as long as short |
| SunX ETH-USDT | +0.0100% | 8h | 2,769.8 | −0.018% | $972K | $13.7M | 100x | as long as short |
| Kalshi KXETHPERP | +0.0100% | 8h | 2,771.6 | +0.049% | $8.2M | $688.7M | 4.9x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,771.3 | +0.037% | $32.5M | $77.8M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0104% / S +0.0048% | 1h | 2,770.4 | +0.005% | — | $41.7M | 500x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0134% | 1h | 2,773.2 | +0.108% | $93.4M | $331.5M | 100x | as long as short |
| Orderly PERP_ETH_USDC | +0.0147% | 8h | 2,774.7 | +0.161% | $32.6M | $11.9M | 100x | as long as short |
| Hibachi ETH/USDT-P | +0.0168% | 1h | 2,770.4 | +0.007% | $252K | $1.5M | 20x | as long as short |
| BloFin ETH-USDT | +0.0178% | 8h | 2,771.8 | +0.058% | $287.6M | $190.5M | 150x | as long as short |
| Deribit ETH-PERPETUAL | +0.0208% | 1h | 2,773.1 | +0.104% | $259.1M | $216.5M | 50x | as long as short |
| Reya ETHRUSDPERP | +0.0208% | 1h | 2,770.7 | +0.017% | $7.3M | $1.2M | 25x | as long as short |
GRVT ETH_USDT_Perp
Injective ETH/USDC PERP
RISEx ETH/USDC
01 Exchange ETHUSD
Phemex ETHUSDT
Phoenix ETH
gTrade (Gains Network) ETH/USD
Bullet ETH-USD
OKX ETH-USDT-SWAP
GMX ETH/USD [ETH-USDC]
SoDEX ETH-USD
Aster ETHUSDT
Aftermath Perps ETHUSD
Gate ETH_USDT
MEXC ETH_USDT
Binance ETHUSDT
HTX ETH-USDT
Bitget ETHUSDT
ApeX Omni ETHUSDT
Coinbase International ETH-PERP-INTX
KuCoin ETHUSDTM
Lighter ETH
Lighter RH ETH
Paradex ETH-USD-PERP
Katana Perps ETH-USD
Hyperliquid ETH
Pacifica ETH
Bybit ETHUSDT
Bulk ETH-USD
BingX ETH-USDT
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
StandX ETH-USD
Polymarket Perps ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
SunX ETH-USDT
Kalshi KXETHPERP
Extended ETH-USD
Kraken Futures PF_ETHUSD
BloFin ETH-USDT
Deribit ETH-PERPETUAL