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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: GRVT against Ondo Perps+0.032%53s7-day average +0.041% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.065%−$7 on $10k
Price spread, last 7 days+0.045%+$4 · spread now +0.032%, 7d avg +0.041%
Together, before fees−0.020%+ Points / potential airdropOndo Perps: Active · GRVT: Active · farm board−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps ETH-USD.P2,732.70.0100pay 0.0013% / 1h4m 14s$2.7M$16.7M25x
ShortGRVT ETH_USDT_Perp2,733.60.0100get 0.0100% / 8h4h 04m$159.0M$86.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against Ondo Perps. 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
$0
Price spread: +0.032% → +0.041%
−$0.89
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$14.89
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; GRVT: live order book, 5 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 Ondo Perps no order-book sample
Sell GRVT live order book, 5 min ago0.02 bp4.7 bp −$55.2 bp −$526.8 bp −$67816.0 bp −$7,987
Ondo Perps: 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 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%43m2,733+0.011%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2+0.055%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,733.8+0.040%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,734.6+0.069%$11.9M200xas long as short
01 Exchange ETHUSD0.0000%1h2,734.2+0.055%$187K$821K50xas long as short
Phoenix ETH0.0000%1h2,733.9+0.044%$826K$2.9M25xas long as short
dYdX ETH-USD0.0000%1h2,733+0.011%$10.7M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,734.7+0.073%$28.1M200xas long as short
Bullet ETH-USD+0.0014%1h2,734.2+0.056%$179K$1.7M20xas long as short
HTX ETH-USDT+0.0020%8h2,733.3+0.020%$1.06B$1.20B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0044%8h2,733.8+0.040%$18.5Mas long as short
Bybit ETHUSDT+0.0054%8h2,734+0.048%$2.38B$4.35B150xas long as short
ApeX Omni ETHUSDT+0.0063%1h2,732.3−0.016%$8.7M$31.3M100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,733.8+0.039%$380.3M$573.5M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,734.4+0.063%$1.67B$10.71B100xas long as short
Phemex ETHUSDT+0.0081%8h2,735.3+0.093%$265.8M$65.2M150xas long as short
Aster ETHUSDT+0.0085%8h2,734.3+0.060%$251.0M$841.9M200xas long as short
MEXC ETH_USDT+0.0094%8h2,734.3+0.059%$1.55B$2.57B500xas long as short
Binance ETHUSDT+0.0095%8h2,734.3+0.059%$6.35B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,735.7+0.110%$112.8M$441.9M50xas long as short
Lighter RH ETH+0.0096%1h2,736.9+0.153%$23.5M$106.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,733.6+0.034%$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,732−0.026%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,737.1+0.160%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,734.4+0.063%$5.6M$11.7M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,733.5+0.029%$500K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,733.4+0.027%$13.6M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,736.6+0.143%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,734.4+0.061%$32.0M$335.0M50xas long as short
Ondo Perps ETH-USD.Plong+0.0100%1h2,732.7long leg$2.7M$16.7M25x
Arcus ETH-USD+0.0100%1h2,734.4+0.062%$1.6M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,733.7+0.035%$169.4M$313.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,734.4+0.062%$3.34B$8.93B200xas long as short
Bitget ETHUSDT+0.0100%8h2,734.4+0.061%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.1−0.023%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,732−0.026%$133.7M$324.6Mas long as short
edgeX ETHUSDC+0.0100%4h2,732.4−0.012%$183.8M$670.9M100xas long as short
GRVT ETH_USDT_Perpshort+0.0100%8h2,733.6+0.032%$159.0M$86.4M50x
StandX ETH-USD+0.0100%1h2,733.5+0.029%$21.1M$68.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,734.8+0.077%$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,736+0.121%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,734.2+0.056%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,736+0.122%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,732.5−0.007%$957K$11.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,734.5+0.066%$54.5M$187.6M40xas long as short
Extended ETH-USD+0.0104%1h2,733.6+0.031%$30.4M$72.9M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,736.5+0.138%$51.2M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0117%1h2,734+0.048%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0130%8h2,734.2+0.055%$6.6M$678.8M4.9xas long as short
Deribit ETH-PERPETUAL+0.0163%1h2,735.9+0.115%$259.6M$196.3M50xas long as short
Orderly PERP_ETH_USDC+0.0197%8h2,736.9+0.153%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0216%1h2,733.6+0.034%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,735.8+0.114%$83.3M$314.9M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,734.2+0.054%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0378%8h2,733.5+0.028%$283.3M$175.7M150xas long as short