Funding you earn now, next payment 23:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.010%
Price spread now: Coinbase International against GRVT−0.190%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$420.420% of the position
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 3 days (all we have)+0.425%+$43 · spread now −0.190%, 7d avg −0.005%
=Together, before fees+0.283%+ Points / potential airdropGRVT: Active · farm board+$28 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.185% cheaper against GRVT than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT ADA_USDT_Perp | 0.2457 | 0.0100 | pay 0.0100% / 8h | 33m 21s | $292K | $3.8M | 10x |
| Short | Coinbase International ADA-PERP-INTX | 0.2452 | 0.0056 | get 0.0007% / 1h | 33m 21s | $404K | $7.3M | 50x |
GRVT ADA_USDT_Perp
Coinbase International ADA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$9.24
- Price spread: −0.190% → −0.005%
- −$18.5
- Slippage, 4 orders
- −$23.04
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$69.78
- Costs to cover
- 0.420%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 6 min ago; Coinbase International: live order book, 6 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy GRVT live order book, 6 min ago | 2.03 bp | 10.0 bp −$10 | 16.0 bp −$160 | 1556.2 bp −$155.6K | doesn't fit |
| Sell Coinbase International live order book, 6 min ago | 4.07 bp | 9.1 bp −$9 | 15.2 bp −$152 | doesn't fit | doesn't fit |
ADA on 37 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ADA-USD | 0.0000% | 1h | 0.2452 | −0.205% | $202K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2452 | −0.190% | $175K | $6.1M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2454 | −0.125% | $84K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTXshort | +0.0056% | 1h | 0.2452 | −0.190% | $404K | $7.3M | 50x | |
| Lighter ADA | +0.0096% | 1h | 0.2453 | −0.137% | $2.4M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2455 | −0.060% | $42.5M | $14.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2454 | −0.092% | $1.2M | $924K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2452 | −0.179% | $158K | $145K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2454 | −0.117% | $102.0M | $362.4M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2453 | −0.149% | $71.5M | $102.6M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2453 | −0.149% | $32.3M | $106.9M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2452 | −0.190% | $97.4M | $59.6M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2453 | −0.149% | $53.0M | $50.7M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2454 | −0.113% | $30.1M | $18.1M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2454 | −0.109% | $65.8M | $43.3M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2453 | −0.149% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2453 | −0.162% | $110K | $415K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2454 | −0.100% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2456 | −0.010% | $65K | $281K | 20x | as long as short |
| GRVT ADA_USDT_Perplong | +0.0100% | 8h | 0.2457 | long leg | $292K | $3.8M | 10x | |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2453 | −0.149% | $55K | $582K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2454 | −0.117% | $95K | $627K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2453 | −0.149% | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2454 | −0.114% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2454 | −0.110% | $9K | $763K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2453 | −0.149% | $337 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2454 | −0.105% | $1.3M | $5.3M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2452 | −0.190% | $47.9M | $5.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2452 | −0.191% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2453 | −0.146% | $554K | $1.8M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0113% | 1h | 0.2452 | −0.181% | $6.2M | $11.6M | 50x | as long as short |
| Phoenix ADA | +0.0130% | 1h | 0.2452 | −0.174% | $4K | $78K | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0158% | 1h | 0.2454 | −0.092% | $493K | $430K | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2456 | −0.027% | $4.4M | $5.5M | 75x | as long as short |
| Injective ADA/USDC PERP | +0.0254% | 1h | 0.2471 | +0.583% | $849 | $202K | 12x | as long as short |
| Reya ADARUSDPERP | +0.0284% | 1h | 0.2453 | −0.145% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0565% / S −0.0313% | 1h | 0.2454 | −0.117% | $122K | — | 100x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Kraken Futures PF_ADAUSD
Phoenix ADA
Deribit ADA_USDC-PERPETUAL
BloFin ADA-USDT
Injective ADA/USDC PERP
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]