ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.10 per $10,000 · paid last 24h +0.003%

Price spread now: Kalshi against GRVT+0.077%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on GRVT Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 7 days−0.056%−$6 · spread now +0.077%, 7d avg −0.034%

Together, before fees−0.119%+ Points / potential airdropGRVT: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Kalshi is 0.110% dearer against GRVT than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.034%. Mind the row above: over the last 7 days funding on this pair cost −0.063%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ETH_USDT_Perp	2,770.3	0.0100	pay 0.0100% / 8h	7h 13m	$161.1M	$84.3M	50x
Short	Kalshi KXETHPERP	2,772.4	0.0110	get 0.0110% / 8h	3h 13m	$8.1M	$676.2M	4.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi 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

Position, each leg$Hold fordaysFee GRVTbpFee KalshibpOrdersPrice spread, now +0.077%Rate

Funding earned: $2.13
Price spread: +0.077% → −0.034%: $11.04
Slippage, 4 orders: −$0.92
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$6.75
Costs to cover: 0.199%
Break-even: 29.2 days

Slippage from GRVT: live order book, 6 min ago; Kalshi: live order book, 6 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, 6 min ago	0.02 bp	4.5 bp −$5	4.9 bp −$49	7.9 bp −$792	18.1 bp −$9,037
Sell Kalshi live order book, 6 min ago	0.36 bp	5.4 bp −$5	7.2 bp −$72	11.6 bp −$1,162	18.4 bp −$9,216

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	2,765.8	−0.161%	$119K	$22.5M	52x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,770.2	−0.003%	$5.6M	$11.2M	25x	as long as short
Perpl ETH	−0.0112%	43m	2,771	+0.028%	$340K	$6.2M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,770.5	+0.008%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0032%	1h	2,770.4	+0.005%	$169K	$1.1M	50x	as long as short
Phoenix ETH	−0.0003%	1h	2,770.2	−0.003%	$872K	$3.7M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,771.5	+0.043%	$12.3M	$43.1M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,773.5	+0.118%	$22.4M	—	200x	as long as short
Bullet ETH-USD	+0.0016%	1h	2,772.6	+0.083%	$185K	$1.7M	20x	as long as short
OKX ETH-USDT-SWAP	+0.0029%	8h	2,770.3	+0.001%	$1.71B	$11.08B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX ETH-USD	+0.0036%	1h	2,773	+0.098%	$55.2M	$188.0M	40x	as long as short
Phemex ETHUSDT	+0.0042%	8h	2,773	+0.100%	$269.9M	$67.1M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0043% / S −0.0009%	1h	2,773.3	+0.110%	$12.7M	—	200x	as long as short
Aster ETHUSDT	+0.0050%	8h	2,772.2	+0.068%	$256.4M	$886.0M	200x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,771.2	+0.032%	$5.0M	$156K	20x	as long as short
MEXC ETH_USDT	+0.0060%	8h	2,770.5	+0.006%	$1.62B	$2.66B	500x	as long as short
Binance ETHUSDT	+0.0061%	8h	2,769.9	−0.012%	$6.48B	$16.25B	150x	as long as short
Gate ETH_USDT	+0.0075%	8h	2,770.7	+0.017%	$3.38B	$9.08B	200x	as long as short
Bitget ETHUSDT	+0.0077%	8h	2,770.2	−0.004%	$2.10B	$2.84B	150x	as long as short
Aftermath Perps ETHUSD	+0.0079%	1h	2,770.5	+0.009%	$31K	$21K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,774.9	+0.166%	$60.5M	$4.43B	50x	as long as short
Vest ETH-PERP	+0.0081%	1h	2,770.7	+0.017%	—	$876K	50x	as long as short
HTX ETH-USDT	+0.0084%	8h	2,772.5	+0.080%	$1.08B	$1.24B	200x	as long as short
KuCoin ETHUSDTM	+0.0088%	8h	2,771.2	+0.032%	$421.1M	$604.2M	100x	as long as short
ApeX Omni ETHUSDT	+0.0094%	1h	2,769.3	−0.035%	$8.6M	$32.0M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,771.3	+0.037%	$115.2M	$459.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,772.6	+0.085%	$25.6M	$111.9M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,775.8	+0.200%	$16.0M	$8.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,770.6	+0.012%	$488K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,770.3	+0.001%	$14.6M	$113.4M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,773.5	+0.116%	$3.17B	$2.19B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,771.5	+0.044%	$31.2M	$328.0M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,770.4	+0.004%	$2.51B	$4.32B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,770.2	−0.003%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,770.8	+0.018%	$2.8M	$16.8M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,763.5	−0.243%	$172.0M	$292.0M	25x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,770.6	+0.011%	—	$17.3M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,773.9	+0.132%	$15.1M	$42.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,768.4	−0.066%	$133.7M	$347.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,769	−0.048%	$181.8M	$786.9M	100x	as long as short
GRVT ETH_USDT_Perplong	+0.0100%	8h	2,770.3	long leg	$161.1M	$84.3M	50x
StandX ETH-USD	+0.0100%	1h	2,772.2	+0.070%	$21.4M	$64.0M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,769.9	−0.013%	$10.5M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,772.9	+0.096%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,774.7	+0.159%	$42.6M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,772.4	+0.077%	$972K	$12.9M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,769.8	−0.018%	$30.9M	$75.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,770.8	+0.019%	—	$36.2M	500x	as long as short
Kalshi KXETHPERPshort	+0.0110%	8h	2,772.4	+0.077%	$8.1M	$676.2M	4.9x
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,775.1	+0.174%	$98.0M	$320.2M	100x	as long as short
Hibachi ETH/USDT-P	+0.0152%	1h	2,771.2	+0.034%	$253K	$1.5M	20x	as long as short
Orderly PERP_ETH_USDC	+0.0155%	8h	2,775.3	+0.182%	$32.7M	$11.1M	100x	as long as short
BloFin ETH-USDT	+0.0180%	8h	2,769.8	−0.017%	$288.0M	$178.8M	150x	as long as short
Deribit ETH-PERPETUAL	+0.0197%	1h	2,774.9	+0.167%	$259.1M	$203.1M	50x	as long as short
Reya ETHRUSDPERP	+0.0213%	1h	2,769.9	−0.012%	$7.3M	$1.1M	25x	as long as short