Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%
Price spread now: Polymarket Perps against GRVT−0.378%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$420.422% of the position
Funding, last 7 days−0.234%−$23 on $10k
+Price spread, last 3 days (all we have)+0.436%+$44 · spread now −0.378%, 7d avg +0.011%
=Together, before fees+0.203%+ Points / potential airdropGRVT: Active · farm board+$20 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: Polymarket Perps is 0.388% cheaper against GRVT than usual: you would sell low and buy high, −$39 on $10k if it goes back to its 7-day average of +0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT ADA_USDT_Perp | 0.2463 | 0.0100 | pay 0.0100% / 8h | 2h 57m | $297K | $4.0M | 10x |
| Short | Polymarket Perps ADA-USD | 0.2454 | 0.0100 | get 0.0013% / 1h | 57m 20s | $96K | $700K | 10x |
GRVT ADA_USDT_Perp
Polymarket Perps ADA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $0
- Price spread: −0.378% → +0.011%
- −$38.85
- Slippage, 4 orders
- −$25.2
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$81.05
- Costs to cover
- 0.422%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 2 min ago; Polymarket Perps: live order book, 30 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, 2 min ago | 6.10 bp | 18.4 bp −$18 | 33.6 bp −$336 | 3722.0 bp −$372.2K | doesn't fit |
| Sell Polymarket Perps live order book, 30 min ago | 2.23 bp | 7.0 bp −$7 | 9.7 bp −$97 | 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 | 0.2453 | −0.425% | $202K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2457 | −0.260% | $153K | $5.9M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2453 | −0.432% | $87K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2451 | −0.504% | $431K | $7.1M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2455 | −0.337% | $2.4M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2455 | −0.337% | $42.5M | $14.4M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2453 | −0.411% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2453 | −0.414% | $157K | $148K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2454 | −0.385% | $102.1M | $357.5M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2453 | −0.422% | $71.1M | $101.1M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
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 | 0.2452 | −0.463% | $32.3M | $105.6M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2452 | −0.463% | $97.3M | $56.8M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2454 | −0.382% | $52.9M | $56.1M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2453 | −0.406% | $30.7M | $18.5M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2453 | −0.422% | $65.6M | $42.8M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2454 | −0.382% | — | $20.7M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2451 | −0.487% | $101K | $425K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2465 | +0.046% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2465 | +0.068% | $66K | $278K | 20x | as long as short |
| GRVT ADA_USDT_Perplong | +0.0100% | 8h | 0.2463 | long leg | $297K | $4.0M | 10x | |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2464 | +0.024% | $55K | $578K | 50x | as long as short |
| Polymarket Perps ADA-USDshort | +0.0100% | 1h | 0.2454 | −0.378% | $96K | $700K | 10x | |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2453 | −0.422% | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2454 | −0.370% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2454 | −0.384% | $9K | $765K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2454 | −0.366% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2453 | −0.433% | $1.3M | $4.8M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2453 | −0.422% | $47.9M | $5.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2453 | −0.424% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2451 | −0.494% | $565K | $1.8M | 50x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2454 | −0.402% | $4K | $82K | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0198% | 1h | 0.2454 | −0.378% | $477K | $359K | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2466 | +0.105% | $4.4M | $5.4M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0287% | 1h | 0.2454 | −0.384% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0336% | 1h | 0.2453 | −0.428% | $6.1M | $11.7M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0521% / S −0.0277% | 1h | 0.2452 | −0.454% | $113K | — | 100x | as long as short |
| Injective ADA/USDC PERP | +0.0533% | 1h | 0.2457 | −0.260% | $844 | $95K | 12x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
ApeX Omni ADAUSDT
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
Phoenix ADA
Deribit ADA_USDC-PERPETUAL
BloFin ADA-USDT
Reya ADARUSDPERP
Kraken Futures PF_ADAUSD
GMX ADA/USD [WBTC.b-USDC]
Injective ADA/USDC PERP