ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.57 per $10,000 · paid last 24h +0.016%

Price spread now: MEXC against GRVT−0.074%97s7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$110.112% of the position

Long on GRVT Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 7 days+0.069%+$7 · spread now −0.074%, 7d avg −0.024%

Together, before fees+0.063%+ Points / potential airdropGRVT: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.050% cheaper against GRVT than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.024%). Swap the legs. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ETH_USDT_Perp	2,775.6	0.0100	pay 0.0100% / 8h	2h 53m	$161.5M	$98.8M	50x
Short	MEXC ETH_USDT	2,773.6	0.0043	get 0.0043% / 8h	2h 53m	$1.61B	$2.62B	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$11.97
Price spread: −0.074% → −0.024%: −$4.99
Slippage, 4 orders: −$0.19
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$28.15
Costs to cover: 0.112%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago	0.02 bp	4.5 bp −$5	12.1 bp −$121	20.8 bp −$2,082	12869.6 bp −$6.43M
Sell MEXC live order book, 5 min ago	0.02 bp	1.0 bp −$1	1.1 bp −$11	2.1 bp −$212	5.0 bp −$2,479

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
Perpl ETH	−0.0447%	43m	2,773.1	−0.092%	$289K	$6.9M	8.3x	as long as short
ApeX Omni ETHUSDT	−0.0318%	1h	2,773.3	−0.085%	$10.5M	$30.9M	100x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,774.7	−0.033%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,773.1	−0.091%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0056%	1h	2,771.7	−0.141%	$172K	$1.2M	50x	as long as short
Phoenix ETH	−0.0032%	1h	2,776.7	+0.039%	$799K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,772.7	−0.105%	$5.8M	$12.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,774.7	−0.035%	$12.9M	$45.3M	50x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,774.3	−0.048%	$259.0M	$223.4M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,772.8	−0.102%	$22.4M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDC	+0.0017%	8h	2,773.5	−0.078%	—	$17.3M	—	as long as short
OKX ETH-USDT-SWAP	+0.0022%	8h	2,772.7	−0.104%	$1.71B	$11.91B	100x	as long as short
Phemex ETHUSDT	+0.0026%	8h	2,771.7	−0.141%	$266.7M	$66.0M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,772.9	−0.097%	$13.0M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0031%	1h	2,778.6	+0.108%	$29K	$22K	20x	as long as short
Aevo ETH-PERP	+0.0040%	1h	2,769.6	−0.218%	$5.0M	$636K	20x	as long as short
MEXC ETH_USDTshort	+0.0043%	8h	2,773.6	−0.074%	$1.61B	$2.62B	500x
Binance ETHUSDT	+0.0044%	8h	2,772.3	−0.120%	$6.45B	$17.27B	150x	as long as short
Aster ETHUSDT	+0.0046%	8h	2,772.8	−0.102%	$256.3M	$997.7M	200x	as long as short
Gate ETH_USDT	+0.0055%	8h	2,773.6	−0.073%	$3.29B	$9.52B	200x	as long as short
SoDEX ETH-USD	+0.0070%	1h	2,771.6	−0.145%	$55.2M	$228.5M	40x	as long as short
Bitget ETHUSDT	+0.0074%	8h	2,773.3	−0.082%	$2.10B	$3.14B	150x	as long as short
Bullet ETH-USD	+0.0084%	1h	2,771.3	−0.155%	$188K	$1.8M	20x	as long as short
Variational Omni ETH	+0.0092%	8h	2,775.7	+0.004%	$140.7M	$320.1M	—	as long as short
Lighter ETH	+0.0096%	1h	2,772.9	−0.099%	$115.2M	$507.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,774.2	−0.053%	$25.4M	$121.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,774.9	−0.025%	—	$42.8M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,773.3	−0.083%	$15.9M	$11.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,772.9	−0.098%	$493K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,771.5	−0.149%	$16.2M	$115.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,776.3	+0.024%	$3.20B	$2.38B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,774	−0.059%	$31.2M	$281.2M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,772.7	−0.107%	$2.51B	$4.66B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,772.3	−0.120%	$2.9M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,774.7	−0.034%	$2.8M	$17.7M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,780.5	+0.176%	$165.0M	$263.0M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,773.5	−0.076%	$426.4M	$746.4M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,772.9	−0.098%	$15.4M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,775.2	−0.015%	$177.5M	$786.2M	100x	as long as short
GRVT ETH_USDT_Perplong	+0.0100%	8h	2,775.6	long leg	$161.5M	$98.8M	50x
StandX ETH-USD	+0.0100%	1h	2,777.6	+0.071%	$21.4M	$57.4M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,773.2	−0.087%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,773.5	−0.076%	$10.8M	$7.9M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,772.3	−0.120%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,773.9	−0.062%	$42.9M	$29.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,771.8	−0.138%	$972K	$14.3M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,771.4	−0.151%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,773.1	−0.092%	$31.6M	$76.5M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,773.3	−0.085%	$60.4M	$4.66B	50x	as long as short
Kalshi KXETHPERP	+0.0111%	8h	2,776.4	+0.028%	$8.6M	$671.9M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0128%	8h	2,774.3	−0.049%	$32.6M	$11.7M	100x	as long as short
BloFin ETH-USDT	+0.0164%	8h	2,777.1	+0.052%	$287.5M	$197.2M	150x	as long as short
Reya ETHRUSDPERP	+0.0194%	1h	2,770.8	−0.173%	$7.5M	$995K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,773	−0.094%	$88.6M	$331.3M	100x	as long as short
Hibachi ETH/USDT-P	+0.0352%	1h	2,775	−0.023%	$273K	$1.5M	20x	as long as short