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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.09 per $10,000 · paid last 24h −0.014%
Price spread now: GRVT against KuCoin−0.061%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$230.227% of the position
Long on KuCoinShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days+0.016%+$2 on $10k
Price spread, last 7 days+0.060%+$6 · spread now −0.061%, 7d avg +0.022%
Together, before fees+0.076%+ Points / potential airdropGRVT: Active · farm board+$8 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: GRVT is 0.083% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,782.50.0091pay 0.0091% / 8h55m 28s$424.1M$739.3M100x
ShortGRVT ETH_USDT_Perp2,780.80.0100get 0.0100% / 8h55m 28s$161.7M$90.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against KuCoin. 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
$1.89
Price spread: −0.061% → +0.022%
−$8.26
Slippage, 4 orders
−$1.69
Fee KuCoin: 6 bp × 2 orders
−$12
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$29.06
Costs to cover
0.227%
Break-even
114.6 days
Slippage from KuCoin: live order book, 4 min ago; GRVT: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 4 min ago0.02 bp6.9 bp −$78.6 bp −$8610.9 bp −$1,091doesn't fit
Sell GRVT live order book, 4 min ago0.02 bp5.3 bp −$56.2 bp −$628.7 bp −$87218.0 bp −$9,016

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−0.0447%43m2,784+0.056%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,783.1+0.022%$5.7M$11.9M25xas long as short
ApeX Omni ETHUSDT−0.0131%1h2,779.8−0.095%$8.8M$32.7M100xas long as short
Injective ETH/USDC PERP−0.0088%1h2,777.7−0.171%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,783.3+0.030%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,783.8+0.048%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0001%1h2,778.6−0.141%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,784.4+0.069%$12.8M$45.9M50xas long as short
Phoenix ETH0.0000%1h2,778.7−0.135%$881K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,783.7+0.044%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0014%8h2,782.50.000%—$17.4M—as long as short
OKX ETH-USDT-SWAP+0.0019%8h2,783.6+0.041%$1.70B$11.91B100xas long as short
Phemex ETHUSDT+0.0020%8h2,783.3+0.028%$271.1M$68.8M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,783.6+0.040%$12.9M—200xas long as short
Aster ETHUSDT+0.0036%8h2,783+0.020%$255.1M$998.3M200xas long as short
Bullet ETH-USD+0.0057%1h2,783.7+0.046%$182K$1.7M20xas long as short
MEXC ETH_USDT+0.0062%8h2,783.4+0.032%$1.60B$2.62B500xas long as short
Binance ETHUSDT+0.0062%8h2,783.7+0.043%$6.46B$17.24B150xas long as short
Aevo ETH-PERP+0.0064%1h2,781.8−0.025%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,783.6+0.041%$2.10B$3.10B150xas long as short
Nado ETH-PERP+0.0065%1h2,783.4+0.035%$14.4M$118.2M50xas long as short
Gate ETH_USDT+0.0071%8h2,783.1+0.022%$3.31B$9.56B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,785.4+0.106%$60.3M$4.62B50xas long as short
HTX ETH-USDT+0.0088%8h2,783+0.018%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0090%8h2,783.6+0.040%$2.52B$4.62B150xas long as short
KuCoin ETHUSDTMlong+0.0091%8h2,782.5long leg$424.1M$739.3M100x
Vest ETH-PERP+0.0095%1h2,783.6+0.040%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,783+0.018%$116.3M$494.6M50xas long as short
Lighter RH ETH+0.0096%1h2,784.3+0.067%$25.4M$120.5M50xas long as short
Deribit ETH-PERPETUAL+0.0098%1h2,785.4+0.106%$258.8M$222.8M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,783.3+0.028%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,782.9+0.015%$478K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,785.5+0.109%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,783.1+0.024%$31.3M$306.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,781.6−0.031%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,784.5+0.073%$2.7M$17.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9−0.163%$168.1M$250.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,783.3+0.031%$15.1M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,775.9−0.235%$147.5M$336.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,779−0.123%$181.9M$779.8M100xas long as short
GRVT ETH_USDT_Perpshort+0.0100%8h2,780.8−0.061%$161.7M$90.3M50x
StandX ETH-USD+0.0100%1h2,782.6+0.005%$21.5M$58.3M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,784.7+0.080%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,784.2+0.063%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,786+0.126%$42.9M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,782.4−0.004%$976K$13.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,783.9+0.051%$55.4M$229.0M40xas long as short
Extended ETH-USD+0.0104%1h2,782.5+0.002%$32.7M$77.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,783.5+0.036%—$41.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0122%1h2,785.1+0.094%$86.8M$332.6M100xas long as short
Kalshi KXETHPERP+0.0124%8h2,782.6+0.005%$8.4M$681.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,786.3+0.137%$32.7M$12.0M100xas long as short
BloFin ETH-USDT+0.0181%8h2,780.3−0.077%$285.2M$195.1M150xas long as short
Reya ETHRUSDPERP+0.0197%1h2,783.3+0.030%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0296%1h2,781.9−0.022%$271K$1.5M20xas long as short