Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.67 per $10,000 · paid last 24h +0.048%
Price spread now: Orderly against GRVT+0.101%7-day average +0.068% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on GRVTShort on Orderly
What this pair did over the last
the charts below follow
Funding, last 7 days+0.261%+$26 on $10k
Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.101%, 7d avg +0.068%
Together, before fees+0.228%+ Points / potential airdropGRVT: Active · farm board+$23 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 Orderly is 0.034% dearer against GRVT than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.068%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT ETH_USDT_Perp2,745.50.0100pay 0.0100% / 8h6h 32m$159.7M$84.8M50x
ShortOrderly PERP_ETH_USDC2,748.30.0167get 0.0167% / 8h6h 32m$32.3M$11.2M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$14.08
Price spread: +0.101% → +0.068%
$3.36
Slippage, 4 orders
no order book: not counted
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Orderly: 3 bp × 2 orders
−$6
Net
$2.44
Costs to cover
0.150%
Break-even
5.8 days
Slippage unknown: GRVT: live order book, 2 min ago; Orderly: 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, 2 min ago0.02 bp5.5 bp −$66.6 bp −$6618.9 bp −$1,88616827.4 bp −$8.41M
Sell Orderly no order-book sample—————
Orderly: 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 54 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
Perpl ETH−0.0447%43m2,748.9+0.122%$310K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,746.9+0.051%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,749.3+0.139%$5.5M$11.2M25xas long as short
ApeX Omni ETHUSDT−0.0042%1h2,744.9−0.021%$8.7M$31.8M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,746.1+0.023%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,746.4+0.033%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,749.4+0.142%$10.8M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,746.3+0.027%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0016%1h2,749.4+0.142%$181K$1.1M50xas long as short
BingX ETH-USDT+0.0032%8h2,748.7+0.115%—$1.19B—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0042%8h2,745.1−0.016%$1.06B$1.22B200xas long as short
OKX ETH-USDT-SWAP+0.0042%8h2,749.8+0.157%$1.69B$11.04B100xas long as short
Aster ETHUSDT+0.0061%8h2,748.6+0.113%$253.5M$861.4M200xas long as short
Deribit ETH-PERPETUAL+0.0067%1h2,746.6+0.039%$258.5M$202.0M50xas long as short
MEXC ETH_USDT+0.0071%8h2,749.1+0.131%$1.56B$2.56B500xas long as short
Binance ETHUSDT+0.0072%8h2,749.3+0.137%$6.36B$16.29B150xas long as short
Aevo ETH-PERP+0.0072%1h2,743.7−0.064%$4.9M$168K20xas long as short
KuCoin ETHUSDTM+0.0073%8h2,748.6+0.114%$381.7M$608.1M100xas long as short
Gate ETH_USDT+0.0088%8h2,749.3+0.139%$3.39B$8.86B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,746.2+0.025%$58.8M$4.38B50xas long as short
Bitget ETHUSDT+0.0090%8h2,749.9+0.158%$2.08B$2.85B150xas long as short
Lighter ETH+0.0096%1h2,749.4+0.140%$112.9M$442.0M50xas long as short
Lighter RH ETH+0.0096%1h2,749.9+0.160%$24.9M$106.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,745.9+0.015%—$35.5M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,753+0.272%$15.9M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,748.4+0.106%$468K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,747.9+0.086%$14.0M$113.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,751.6+0.222%$3.13B$2.12B25xas long as short
Pacifica ETH+0.0100%1h2,749.3+0.138%$31.5M$333.7M50xas long as short
Bybit ETHUSDT+0.0100%8h2,749.4+0.142%$2.46B$4.35B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,747.5+0.073%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,749.7+0.152%$2.8M$16.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,744.6−0.032%$15.0M$41.8M50xas long as short
Variational Omni ETH+0.0100%8h2,744.6−0.034%$133.0M$346.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,744.4−0.041%$181.5M$729.2M100xas long as short
GRVT ETH_USDT_Perplong+0.0100%8h2,745.5long leg$159.7M$84.8M50x
StandX ETH-USD+0.0100%1h2,746.2+0.025%$21.2M$67.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,749.8+0.157%—$869K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,749.2+0.135%$10.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,745.8+0.010%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,746.2+0.027%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,747.3+0.064%$41.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,744.9−0.024%$963K$12.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,745.6+0.004%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,744.7−0.028%$266.8M$66.5M150xas long as short
Bulk ETH-USD+0.0100%1h2,743.9−0.057%$165.5M$306.7M25xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,746+0.019%$30K$21K20xas long as short
Extended ETH-USD+0.0104%1h2,747.9+0.087%$30.4M$74.6M50xas long as short
Kalshi KXETHPERP+0.0137%8h2,746.5+0.036%$7.8M$674.0M4.9xas long as short
Orderly PERP_ETH_USDCshort+0.0167%8h2,748.3+0.101%$32.3M$11.2M100x
Hibachi ETH/USDT-P+0.0192%1h2,746.5+0.037%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,746.7+0.044%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0219%1h2,749.3+0.137%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,745.7+0.009%$89.9M$317.5M100xas long as short