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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 0.000%
Price spread now: Variational Omni against GRVT−0.056%7-day average −0.018% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on GRVTShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.006%−$1 on $10k
Price spread, last 7 days+0.069%+$7 · spread now −0.056%, 7d avg −0.018%
Together, before fees+0.063%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board+$6 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: Variational Omni is 0.038% cheaper against GRVT than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT ETH_USDT_Perp2,735.50.0100pay 0.0100% / 8h2h 00m$159.1M$87.6M50x
ShortVariational Omni ETH2,7340.0100get 0.0100% / 8h2h 00m$134.8M$325.9M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against GRVT. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.056% → −0.018%
−$3.81
Slippage, 4 orders
no order book: not counted
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$12.81
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: GRVT: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. 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, 3 min ago0.02 bp4.5 bp −$56.7 bp −$678.7 bp −$86917.4 bp −$8,708
Sell Variational Omni RFQ quote, 3 min ago0.57 bpdoesn't fit0.6 bp −$63.1 bp −$309doesn't fit

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
Perpl ETH−0.0112%43m2,735−0.019%$291K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,736.5+0.036%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,735.2−0.012%$12.0M—200xas long as short
Phoenix ETH−0.0009%1h2,736+0.017%$817K$3.0M25xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,735.6+0.002%$260.0M$210.9M50xas long as short
dYdX ETH-USD+0.0005%1h2,736+0.018%$10.5M$42.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,735.3−0.010%$33.0M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,735.4−0.005%$117K$22.5M52xas long as short
HTX ETH-USDT+0.0011%8h2,734.6−0.032%$1.05B$1.22B200xas long as short
BingX ETH-USDT+0.0035%8h2,733.7−0.065%—$1.12B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0044%8h2,733.5−0.074%$2.35B$4.42B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,735.6+0.003%$191K$883K50xas long as short
KuCoin ETHUSDTM+0.0080%8h2,734.1−0.051%$375.4M$577.9M100xas long as short
Aftermath Perps ETHUSD+0.0083%1h2,735.8+0.008%$30K$20K20xas long as short
Bullet ETH-USD+0.0083%1h2,734.9−0.024%$183K$1.7M20xas long as short
SunX ETH-USDT+0.0094%8h2,734−0.054%$958K$11.1M100xas long as short
Lighter ETH+0.0096%1h2,735.3−0.009%$112.6M$438.5M50xas long as short
Lighter RH ETH+0.0096%1h2,736.4+0.033%$23.5M$104.3M50xas long as short
Aevo ETH-PERP+0.0096%1h2,732.5−0.110%$4.9M$159K20xas long as short
OKX ETH-USDT-SWAP+0.0097%8h2,733.6−0.071%$1.66B$10.94B100xas long as short
Aster ETHUSDT+0.0098%8h2,734.1−0.051%$253.3M$848.8M200xas long as short
Katana Perps ETH-USD+0.0100%8h2,734.9−0.023%$509K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,739.6+0.151%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,734.5−0.038%$14.2M$105.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,736.1+0.021%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,735.9+0.015%$32.0M$334.3M50xas long as short
Binance ETHUSDT+0.0100%8h2,734−0.057%$6.34B$16.16B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,734.7−0.030%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,735.4−0.006%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,735−0.020%$163.2M$327.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,734.1−0.053%$3.28B$9.10B200xas long as short
MEXC ETH_USDT+0.0100%8h2,734.3−0.045%$1.53B$2.62B500xas long as short
Bitget ETHUSDT+0.0100%8h2,733.5−0.074%$2.09B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,734.8−0.025%$15.1M$42.6M50xas long as short
Variational Omni ETHshort+0.0100%8h2,734−0.056%$134.8M$325.9M—
edgeX ETHUSDC+0.0100%4h2,734.6−0.032%$185.5M$682.7M100xas long as short
GRVT ETH_USDT_Perplong+0.0100%8h2,735.5long leg$159.1M$87.6M50x
ApeX Omni ETHUSDT+0.0100%1h2,736.5+0.036%$8.7M$31.5M100xas long as short
StandX ETH-USD+0.0100%1h2,736+0.017%$21.0M$70.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,736.3+0.030%—$879K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,736+0.017%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,735.8+0.009%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,736.6+0.041%$41.0M$30.2M15xas long as short
SoDEX ETH-USD+0.0100%1h2,734.9−0.023%$54.5M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,735−0.019%$263.7M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,733.2−0.086%$30.3M$74.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,735.8+0.009%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,736.1+0.019%$50.3M$4.33B50xas long as short
RISEx ETH/USDC+0.0108%1h2,735.6+0.002%$5.6M$11.8M25xas long as short
Kalshi KXETHPERP+0.0124%8h2,735.7+0.006%$6.9M$693.2M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,735.4−0.004%$83.6M$311.5M100xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,737.4+0.067%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0196%1h2,734−0.056%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,736.2+0.025%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0400%8h2,734.9−0.023%$281.7M$175.3M150xas long as short