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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: GRVT against Lighter RH−0.136%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$120.117% of the position
Long on Lighter RHShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days−0.047%−$5 on $10k
Price spread, last 7 days+0.131%+$13 · spread now −0.136%, 7d avg 0.000%
Together, before fees+0.084%+ Points / potential airdropLighter RH: Points live · GRVT: 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 0.136% cheaper against Lighter RH than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of 0.000%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH ETH2,734.10.0096pay 0.0012% / 1h47m 04s$23.5M$101.9M50x
ShortGRVT ETH_USDT_Perp2,730.40.0100get 0.0100% / 8h47m 04s$158.7M$83.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against Lighter RH. 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
$0.84
Price spread: −0.136% → 0.000%
−$13.59
Slippage, 4 orders
−$2.72
Fee Lighter RH: 0 bp × 2 orders
$0
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$24.47
Costs to cover
0.117%
Break-even
210.9 days
Slippage from Lighter RH: live order book, 2 min ago; GRVT: live order book, 2 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 Lighter RH live order book, 2 min ago0.71 bp0.8 bp −$11.9 bp −$1910.8 bp −$1,08370.1 bp −$35.1K
Sell GRVT live order book, 2 min ago0.02 bp5.0 bp −$55.7 bp −$577.5 bp −$74616.6 bp −$8,306

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
BloFin ETH-USDT−0.0132%8h2,732.1−0.075%$281.6M$178.1M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.6−0.055%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,730.5−0.132%$811K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,733−0.040%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,732.9−0.043%$10.5M$42.6M50xas long as short
Kalshi KXETHPERP0.0000%8h2,733.1−0.037%$6.6M$680.4M4.9xas long as short
Perpl ETH0.0000%43m2,732−0.077%$286K$5.7M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,733.3−0.030%$262.4M$212.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,733.1−0.037%$33.0M—200xas long as short
BingX ETH-USDC+0.0019%8h2,731.8−0.086%—$18.6M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0024%8h2,731.7−0.089%$2.33B$4.37B150xas long as short
HTX ETH-USDT+0.0029%8h2,731.8−0.084%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,732.8−0.048%$192K$892K50xas long as short
ApeX Omni ETHUSDT+0.0045%1h2,732.1−0.074%$8.6M$31.6M100xas long as short
Injective ETH/USDC PERP+0.0050%1h2,733.8−0.011%$117K$20.2M52xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,732.8−0.048%$82.1M$309.3M100xas long as short
KuCoin ETHUSDTM+0.0070%8h2,732.4−0.063%$385.1M$577.6M100xas long as short
OKX ETH-USDT-SWAP+0.0076%8h2,731.7−0.087%$1.65B$10.86B100xas long as short
Hibachi ETH/USDT-P+0.0080%1h2,733.9−0.006%$242K$1.4M20xas long as short
Aster ETHUSDT+0.0082%8h2,732.1−0.073%$253.0M$849.8M200xas long as short
MEXC ETH_USDT+0.0093%8h2,732.3−0.066%$1.55B$2.55B500xas long as short
Binance ETHUSDT+0.0094%8h2,732−0.078%$6.32B$16.15B150xas long as short
Lighter ETH+0.0096%1h2,732.7−0.050%$112.7M$429.3M50xas long as short
Lighter RH ETHlong+0.0096%1h2,734.1long leg$23.5M$101.9M50x
Aevo ETH-PERP+0.0096%1h2,730.6−0.128%$4.9M$181K20xas long as short
Phemex ETHUSDT+0.0098%8h2,732.8−0.049%$263.4M$64.5M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,732.1−0.073%$500K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,736.5+0.088%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.9−0.081%$14.0M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.6+0.019%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,733.2−0.032%$32.2M$333.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,733−0.040%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,733−0.040%$1.5M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,729.5−0.168%$162.7M$356.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.5−0.058%$3.31B$8.85B200xas long as short
Bitget ETHUSDT+0.0100%8h2,731.8−0.083%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.1−0.074%$15.0M$41.3M50xas long as short
Variational Omni ETH+0.0100%8h2,729−0.186%$134.0M$319.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,729.8−0.155%$185.6M$683.5M100xas long as short
GRVT ETH_USDT_Perpshort+0.0100%8h2,730.4−0.136%$158.7M$83.6M50x
StandX ETH-USD+0.0100%1h2,733.4−0.026%$21.0M$70.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,734.1−0.001%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,734−0.004%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,732.7−0.052%$186K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.2−0.034%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,734.2+0.005%$41.0M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,731.3−0.101%$958K$10.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,732.2−0.069%$54.4M$187.1M40xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,731.6−0.092%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,731.6−0.092%$30.4M$72.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,732.6−0.054%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.8−0.012%$46.5M$4.30B50xas long as short
RISEx ETH/USDC+0.0114%1h2,732.8−0.048%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0184%1h2,731.9−0.081%$7.3M$975K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,735.1+0.035%$32.2M$11.3M100xas long as short