Settings8H · net · $10k
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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+0.0079%/8h= +8.6% APRnext payment +$0.79 per $10,000 · paid last 24h +0.049%
Price spread now: BloFin against GRVT+0.068%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$220.223% of the position
Long on GRVTShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.222%+$22 on $10k
Price spread, last 3 days (all we have)−0.104%−$10 · spread now +0.068%, 7d avg −0.011%
Together, before fees+0.118%+ Points / potential airdropGRVT: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.079% dearer against GRVT than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT ETH_USDT_Perp2,772.40.0100pay 0.0100% / 8h7h 42m$161.2M$86.8M50x
ShortBloFin ETH-USDT2,774.30.0179get 0.0179% / 8h7h 42m$287.9M$188.1M150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$16.55
Price spread: +0.068% → −0.011%
$7.9
Slippage, 4 orders
−$1.27
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
$2.18
Costs to cover
0.223%
Break-even
6.1 days
Slippage from GRVT: live order book, 1 min ago; BloFin: live order book, 6 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, 1 min ago0.02 bp4.5 bp −$55.1 bp −$518.2 bp −$817997.7 bp −$498.8K
Sell BloFin live order book, 6 min ago0.02 bp6.0 bp −$66.0 bp −$607.7 bp −$76910.1 bp −$5,037

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%1h2,770.4−0.074%$119K$22.5M52xas long as short
Phemex ETHUSDT−0.0162%8h2,773.7+0.043%$270.1M$67.6M150xas long as short
RISEx ETH/USDC−0.0128%1h2,774.2+0.062%$5.7M$11.4M25xas long as short
Perpl ETH−0.0112%43m2,773.2+0.028%$284K$6.5M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,773.9+0.052%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,773.4+0.034%$168K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,771.8−0.023%$878K$3.7M25xas long as short
Gate ETH_USDT−0.0001%8h2,772.8+0.014%$3.35B$8.95B200xas long as short
dYdX ETH-USD0.0000%1h2,772.8+0.013%$12.2M$46.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775+0.092%$22.4M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet ETH-USD+0.0021%1h2,774.1+0.059%$183K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,772.6+0.005%$1.71B$11.41B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,774.8+0.086%$12.7M—200xas long as short
Aster ETHUSDT+0.0043%8h2,773.6+0.043%$257.0M$906.9M200xas long as short
Aftermath Perps ETHUSD+0.0047%1h2,772.3−0.006%$31K$23K20xas long as short
SoDEX ETH-USD+0.0049%1h2,774.2+0.063%$55.3M$208.4M40xas long as short
Aevo ETH-PERP+0.0056%1h2,773+0.019%$5.0M$165K20xas long as short
MEXC ETH_USDT+0.0058%8h2,773+0.018%$1.63B$2.62B500xas long as short
Binance ETHUSDT+0.0059%8h2,772.7+0.010%$6.47B$16.65B150xas long as short
Bitget ETHUSDT+0.0068%8h2,772.9+0.017%$2.10B$2.93B150xas long as short
HTX ETH-USDT+0.0071%8h2,773.9+0.054%$1.08B$1.28B200xas long as short
ApeX Omni ETHUSDT+0.0079%1h2,772.6+0.006%$8.7M$32.4M100xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,775.2+0.100%$60.5M$4.51B50xas long as short
KuCoin ETHUSDTM+0.0081%8h2,773.8+0.048%$420.7M$646.2M100xas long as short
Vest ETH-PERP+0.0087%1h2,773.8+0.048%—$887K50xas long as short
Lighter ETH+0.0096%1h2,774.4+0.069%$115.3M$456.6M50xas long as short
Lighter RH ETH+0.0096%1h2,775.8+0.122%$25.3M$110.0M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773.3+0.029%$15.9M$9.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773.9+0.052%$487K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,774.3+0.065%$14.5M$116.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,775.4+0.107%$3.18B$2.31B25xas long as short
Pacifica ETH+0.0100%1h2,773.9+0.051%$31.2M$322.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,772.9+0.016%$2.51B$4.46B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,773+0.020%$2.8M$17.1M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.6+0.078%$2.8M$17.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.9−0.090%$170.3M$272.1M25xas long as short
BingX ETH-USDT+0.0100%8h2,772.7+0.009%—$1.22B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,773.2+0.026%$15.2M$42.3M50xas long as short
Variational Omni ETH+0.0100%8h2,770.3−0.078%$151.3M$342.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,771.4−0.039%$181.9M$787.0M100xas long as short
GRVT ETH_USDT_Perplong+0.0100%8h2,772.4long leg$161.2M$86.8M50x
StandX ETH-USD+0.0100%1h2,772.6+0.005%$21.4M$59.4M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,774.2+0.063%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,774.7+0.082%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,776.5+0.147%$42.7M$29.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,773.8+0.048%$972K$13.5M100xas long as short
Extended ETH-USD+0.0104%1h2,772.7+0.010%$32.5M$73.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,773.7+0.044%—$38.3M500xas long as short
Kalshi KXETHPERP+0.0105%8h2,773.6+0.042%$8.1M$687.1M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,775.4+0.106%$93.4M$323.3M100xas long as short
Orderly PERP_ETH_USDC+0.0148%8h2,777.1+0.169%$32.7M$11.6M100xas long as short
Deribit ETH-PERPETUAL+0.0150%1h2,776+0.130%$259.1M$211.5M50xas long as short
Hibachi ETH/USDT-P+0.0160%1h2,773.2+0.028%$253K$1.5M20xas long as short
BloFin ETH-USDTshort+0.0179%8h2,774.3+0.068%$287.9M$188.1M150x
Reya ETHRUSDPERP+0.0209%1h2,774+0.057%$7.4M$1.2M25xas long as short