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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 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.020%
Price spread now: Katana Perps against GRVT+0.155%7-day average −0.064% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on GRVTShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.020%+$2 on $10k
Price spread, last 7 days−0.171%−$17 · spread now +0.155%, 7d avg −0.064%
Together, before fees−0.151%+ Points / potential airdropGRVT: Active · farm board−$15 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: Katana Perps is 0.219% dearer against GRVT than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.064%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT ETH_USDT_Perp2,739.90.0100pay 0.0100% / 8h6h 53m$159.3M$81.8M50x
ShortKatana Perps ETH-USD2,744.20.0100get 0.0100% / 8h6h 53m$468K$2.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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
−$0.04
Price spread: +0.155% → −0.064%
$21.94
Slippage, 4 orders
no order book: not counted
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
$9.09
Costs to cover
0.128%
Break-even
from the start
Slippage unknown: GRVT: live order book, 6 min ago; Katana Perps: no order-book sample. Net counts fees only.

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, 6 min ago0.02 bp5.2 bp −$57.1 bp −$719.0 bp −$9032470.1 bp −$1.24M
Sell Katana Perps no order-book sample—————
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
ApeX Omni ETHUSDT−0.0865%1h2,751.3+0.415%$8.8M$31.4M100xas long as short
Perpl ETH−0.0447%43m2,745.6+0.205%$323K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,739.2−0.027%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,745.2+0.191%$5.5M$11.3M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,747.1+0.262%$12.0M—200xas long as short
Phoenix ETH−0.0006%1h2,756.1+0.590%$865K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,744.1+0.152%$10.9M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,745.1+0.188%$180K$1.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,747.4+0.274%$22.2M—200xas long as short
BingX ETH-USDC+0.0027%8h2,746.3+0.231%—$17.3M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0032%8h2,742.5+0.094%$1.06B$1.23B200xas long as short
OKX ETH-USDT-SWAP+0.0035%8h2,747.3+0.268%$1.67B$11.06B100xas long as short
Aster ETHUSDT+0.0039%8h2,745.4+0.201%$257.2M$854.5M200xas long as short
MEXC ETH_USDT+0.0054%8h2,747+0.258%$1.58B$2.52B500xas long as short
Binance ETHUSDT+0.0055%8h2,747.1+0.261%$6.36B$16.31B150xas long as short
Aevo ETH-PERP+0.0056%1h2,741.2+0.045%$4.9M$163K20xas long as short
Gate ETH_USDT+0.0065%8h2,747.4+0.272%$3.32B$8.69B200xas long as short
Bitget ETHUSDT+0.0082%8h2,746.5+0.241%$2.07B$2.85B150xas long as short
KuCoin ETHUSDTM+0.0083%8h2,746.6+0.241%$383.7M$607.0M100xas long as short
Aftermath Perps ETHUSD+0.0083%1h2,750.1+0.369%$30K$21K20xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,744.2+0.155%$59.4M$4.38B50xas long as short
Variational Omni ETH+0.0095%8h2,741.6+0.059%$132.7M$345.8M—as long as short
Lighter ETH+0.0096%1h2,743.9+0.145%$113.0M$438.3M50xas long as short
Lighter RH ETH+0.0096%1h2,746+0.222%$25.0M$105.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,743.9+0.143%—$35.6M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,746.4+0.237%$15.9M$8.2M50xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,744.2+0.155%$468K$2.9M50x
Nado ETH-PERP+0.0100%1h2,745.4+0.200%$14.0M$113.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,748.1+0.299%$3.12B$2.14B25xas long as short
Pacifica ETH+0.0100%1h2,744.9+0.183%$31.2M$332.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,747.3+0.268%$2.46B$4.37B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,743.1+0.115%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,745.7+0.211%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,752.6+0.464%$169.2M$297.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,742.9+0.109%$14.9M$42.5M50xas long as short
edgeX ETHUSDC+0.0100%4h2,751.5+0.421%$183.7M$729.4M100xas long as short
GRVT ETH_USDT_Perplong+0.0100%8h2,739.9long leg$159.3M$81.8M50x
StandX ETH-USD+0.0100%1h2,741.2+0.046%$21.2M$65.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,746+0.221%—$871K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,746.3+0.232%$10.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,746.9+0.254%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,747.1+0.263%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,744.1+0.151%$41.9M$29.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,742+0.076%$962K$12.7M100xas long as short
SoDEX ETH-USD+0.0100%1h2,742.8+0.104%$54.6M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,744+0.149%$266.8M$66.1M150xas long as short
Extended ETH-USD+0.0104%1h2,744.1+0.153%$30.5M$74.5M50xas long as short
Kalshi KXETHPERP+0.0128%8h2,741.7+0.064%$7.7M$671.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0159%8h2,750.2+0.374%$32.4M$11.2M100xas long as short
Hibachi ETH/USDT-P+0.0168%1h2,741.7+0.063%$250K$1.5M20xas long as short
BloFin ETH-USDT+0.0174%8h2,740+0.002%$284.7M$177.8M150xas long as short
Deribit ETH-PERPETUAL+0.0177%1h2,744.1+0.153%$258.8M$202.3M50xas long as short
Injective ETH/USDC PERP+0.0209%1h2,743.1+0.115%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0217%1h2,746.4+0.236%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0355%1h2,744.1+0.151%$92.8M$319.2M100xas long as short