Funding you earn now, next payment 03:00 UTC−0.0498%/8h= −54.5% APRpaid last 24h −0.105%
Price spread now: GRVT against Backpack−0.334%7-day average −0.847% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$650.650% of the position
Funding, last 7 days−0.135%−$14 on $10k
+Price spread, last 7 days−0.582%−$58 · spread now −0.334%, 7d avg −0.847%
=Together, before fees−0.717%+ Points / potential airdropGRVT: Active · farm board−$72 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.513% dearer against Backpack than usual: you sell high and buy low (spread −0.334% now, against its 7-day average of −0.847%): +$51 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 3.4 days. At the pace of the last 7 days (−0.135% in total) that is about 27 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.135% in total (about -7.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ARB_USDC_PERP | 0.2243 | 0.0598 | pay 0.0075% / 1h | 21m 02s | $1.0M | $2.8M | 20x |
| Short | GRVT ARB_USDT_Perp | 0.2236 | 0.0100 | get 0.0100% / 8h | 5h 21m | $484K | $3.6M | 10x |
Backpack ARB_USDC_PERP
GRVT ARB_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Backpack. 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
- −$104.54
- Price spread: −0.334% → −0.847%
- $51.3
- Slippage, 4 orders
- −$46.03
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$118.26
- Costs to cover
- 0.650%
- Break-even
- never at this rate
Slippage from Backpack: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack live order book, 3 min ago | 1.12 bp | 10.3 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 3 min ago | 2.24 bp | 31.2 bp −$31 | 137.2 bp −$1,372 | doesn't fit | doesn't fit |
ARB on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.1577% | 1h | 0.2227 | −0.735% | $40K | $372K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0152% | 1h | 0.2240 | −0.178% | $25K | $34K | 25x | as long as short |
| Variational Omni ARB | −0.0147% | 8h | 0.2240 | −0.177% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0135% | 8h | 0.2237 | −0.281% | $22.5M | $151.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0134% | 8h | 0.2239 | −0.218% | $38.3M | $59.2M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0120% | 1h | 0.2243 | −0.031% | $7K | $2K | 10x | as long as short |
| Gate ARB_USDT | −0.0109% | 8h | 0.2240 | −0.138% | $5.4M | $19.2M | 60x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0097% | 1h | 0.2241 | −0.105% | $1.1M | $4.5M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0089% | 1h | 0.2242 | −0.058% | $96K | $2.1M | 10x | as long as short |
| Bybit ARBUSDT | −0.0088% | 8h | 0.2239 | −0.214% | $57.0M | $126.0M | 50x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
01 Exchange ARBUSD
Gate ARB_USDT
Kraken Futures PF_ARBUSD
Polymarket Perps ARB-USD
Bybit ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0072% | 8h | 0.2239 | −0.201% | $13K | $386K | 10x | as long as short |
| SoDEX ARB-USD | −0.0063% | 1h | 0.2240 | −0.160% | $10K | $2.4M | 5x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2242 | −0.059% | $66K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0013% | 1h | 0.2241 | −0.092% | $11K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0021% | 8h | 0.2240 | −0.165% | $65.3M | $307.0M | 75x | as long as short |
| Extended ARB-USD | +0.0024% | 1h | 0.2237 | −0.283% | $356K | $2.5M | 25x | as long as short |
| Phemex ARBUSDT | +0.0066% | 8h | 0.2240 | −0.156% | $5.0M | $12.9M | 50x | as long as short |
| Bitget ARBUSDT | +0.0082% | 8h | 0.2239 | −0.201% | $21.4M | $34.6M | 50x | as long as short |
| BingX ARB-USDT | +0.0084% | 8h | 0.2240 | −0.147% | — | $54.0M | — | as long as short |
| BloFin ARB-USDT | +0.0085% | 8h | 0.2240 | −0.174% | $3.1M | $2.7M | 75x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2242 | −0.086% | $142K | $7K | 3x | as long as short |
| ApeX Omni ARBUSDT | +0.0089% | 1h | 0.2238 | −0.245% | $121K | $283K | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2240 | −0.147% | $1.2M | $6.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2242 | −0.076% | $38.9M | $49.1M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2241 | −0.108% | $656K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2241 | −0.100% | $43K | $175K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2241 | −0.129% | $19.8M | $15.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2224 | −0.871% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perpshort | +0.0100% | 8h | 0.2236 | −0.334% | $484K | $3.6M | 10x | |
| SunX ARB-USDT | +0.0100% | 8h | 0.2245 | +0.067% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2241 | −0.107% | $300K | $930K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2244 | +0.022% | $511K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0232% | 1h | 0.2244 | +0.019% | $490K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2241 | −0.110% | $837K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2241 | −0.111% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERPlong | +0.0598% | 1h | 0.2243 | long leg | $1.0M | $2.8M | 20x |
Orderly PERP_ARB_USDC
SoDEX ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Phemex ARBUSDT
Bitget ARBUSDT
BingX ARB-USDT
BloFin ARB-USDT
Aevo ARB-PERP
ApeX Omni ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP