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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 23:00 UTC+0.0035%/8h= +3.9% APRpaid last 24h −0.011%
Price spread now: GRVT against SoDEX+0.054%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$180.176% of the position
Long on SoDEXShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.004%$0 on $10k
Price spread, last 3 days (all we have)+0.009%+$1 · spread now +0.054%, 7d avg +0.024%
Together, before fees+0.012%+ Points / potential airdropGRVT: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GRVT is 0.030% dearer against SoDEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,7710.0065pay 0.0008% / 1h11m 06s$55.2M$228.9M40x
ShortGRVT ETH_USDT_Perp2,772.50.0100get 0.0100% / 8h1h 11m$161.3M$91.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against SoDEX. 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
$7.45
Price spread: +0.054% → +0.024%
$2.99
Slippage, 4 orders
−$0.62
Fee SoDEX: 4 bp × 2 orders
−$8
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$7.18
Costs to cover
0.176%
Break-even
13.7 days
Slippage from SoDEX: live order book, 3 min ago; GRVT: live order book, 3 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 SoDEX live order book, 3 min ago0.18 bp4.2 bp −$44.2 bp −$425.5 bp −$55030.1 bp −$15.0K
Sell GRVT live order book, 3 min ago0.02 bp4.5 bp −$54.6 bp −$467.5 bp −$746doesn'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−0.0447%43m2,771+0.001%$287K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,770.7−0.009%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.5+0.054%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,779.6+0.310%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,771.7+0.025%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0002%1h2,775.1+0.147%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,772.4+0.051%$12.7M$45.6M50xas long as short
Phoenix ETH0.0000%1h2,773.5+0.090%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.5+0.017%$22.4M—200xas long as short
Deribit ETH-PERPETUAL+0.0013%1h2,772.5+0.054%$258.5M$222.5M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0015%8h2,770.4−0.022%—$17.4M—as long as short
OKX ETH-USDT-SWAP+0.0018%8h2,770.7−0.011%$1.70B$11.84B100xas long as short
Phemex ETHUSDT+0.0026%8h2,771+0.001%$269.7M$68.6M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,771.4+0.016%$12.9M—200xas long as short
Bullet ETH-USD+0.0028%1h2,770.8−0.009%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0034%8h2,770.9−0.004%$255.6M$992.4M200xas long as short
Nado ETH-PERP+0.0060%1h2,770.9−0.003%$14.2M$118.1M50xas long as short
ApeX Omni ETHUSDT+0.0062%1h2,772.2+0.042%$8.7M$32.6M100xas long as short
Binance ETHUSDT+0.0063%8h2,770.9−0.004%$6.43B$17.21B150xas long as short
MEXC ETH_USDT+0.0064%8h2,770.9−0.004%$1.61B$2.68B500xas long as short
Aevo ETH-PERP+0.0064%1h2,769−0.074%$5.0M$636K20xas long as short
SoDEX ETH-USDlong+0.0065%1h2,771long leg$55.2M$228.9M40x
Bitget ETHUSDT+0.0068%8h2,770.7−0.010%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0072%8h2,770.8−0.006%$3.29B$9.66B200xas long as short
HTX ETH-USDT+0.0091%8h2,770.8−0.007%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0092%8h2,771.2+0.005%$2.51B$4.62B150xas long as short
Lighter ETH+0.0096%1h2,771.4+0.016%$114.9M$502.5M50xas long as short
Lighter RH ETH+0.0096%1h2,772.9+0.069%$25.3M$121.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,771.6+0.023%—$41.6M500xas long as short
KuCoin ETHUSDTM+0.0096%8h2,770.7−0.009%$421.8M$738.9M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,771.3+0.010%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.3+0.011%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,773.4+0.087%$3.18B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,771.9+0.033%$31.2M$302.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.3−0.025%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,772.3+0.047%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.9+0.286%$165.9M$253.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.3+0.011%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,774.7+0.135%$141.6M$331.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,772.6+0.059%$181.5M$779.6M100xas long as short
GRVT ETH_USDT_Perpshort+0.0100%8h2,772.5+0.054%$161.3M$91.1M50x
StandX ETH-USD+0.0100%1h2,773.5+0.090%$21.4M$58.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,771.8+0.030%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.2+0.043%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.9+0.032%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.4+0.086%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.4−0.021%$972K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,770.4−0.020%$32.6M$77.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,772.2+0.042%$59.7M$4.59B50xas long as short
Kalshi KXETHPERP+0.0124%8h2,772.4+0.051%$8.3M$680.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,773.8+0.101%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,771.9+0.033%$85.9M$332.5M100xas long as short
BloFin ETH-USDT+0.0183%8h2,770.8−0.008%$284.2M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0194%1h2,770.8−0.007%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,773.9+0.104%$270K$1.5M20xas long as short