Funding you earn now, next payment 00:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.89 per $10,000 · paid last 24h +0.007%
Price spread now: Binance against GRVT+0.207%49s7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$510.512% of the position
Funding, last 7 days−0.115%−$11 on $10k
+Price spread, last 7 days−0.253%−$25 · spread now +0.207%, 7d avg −0.033%
=Together, before fees−0.368%+ Points / potential airdropGRVT: Active · farm board−$37 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.241% dearer against GRVT than usual: you sell high and buy low (spread +0.207% now, against its 7-day average of −0.033%): +$24 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.0 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT ARB_USDT_Perp | 0.2275 | 0.0100 | pay 0.0100% / 8h | 32m 40s | $485K | $3.7M | 10x |
| Short | Binance ARBUSDT | 0.2279 | 0.0011 | get 0.0011% / 8h | 32m 40s | $66.8M | $314.0M | 75x |
GRVT ARB_USDT_Perp
Binance ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$18.73
- Price spread: +0.207% → −0.033%
- $24.07
- Slippage, 4 orders
- −$32.24
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$45.9
- Costs to cover
- 0.512%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 1 min ago; Binance: live order book, 11 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, 1 min ago | 4.39 bp | 12.4 bp −$12 | 104.1 bp −$1,041 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.22 bp | 10.6 bp −$11 | 17.2 bp −$172 | 66.7 bp −$6,667 | 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 | −0.1785% | 1h | 0.2268 | −0.292% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0280% | 1h | 0.2279 | +0.174% | $75K | $2.0M | 10x | as long as short |
| Variational Omni ARB | −0.0182% | 8h | 0.2273 | −0.059% | $2.0M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0162% | 8h | 0.2278 | +0.126% | $58.6M | $128.9M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0160% | 1h | 0.2278 | +0.139% | $7K | $2K | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0111% | 8h | 0.2277 | +0.104% | $23.1M | $160.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0111% | 8h | 0.2279 | +0.205% | $38.3M | $59.7M | 200x | as long as short |
| SoDEX ARB-USD | −0.0077% | 1h | 0.2278 | +0.165% | $4K | $2.6M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0057% | 1h | 0.2279 | +0.205% | $26K | $32K | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0041% | 8h | 0.2279 | +0.192% | $13K | $395K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
Variational Omni ARB
Bybit ARBUSDT
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2280 | +0.218% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2280 | +0.224% | $55K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2279 | +0.176% | $363K | $2.3M | 25x | as long as short |
| Binance ARBUSDTshort | +0.0011% | 8h | 0.2279 | +0.207% | $66.8M | $314.0M | 75x | |
| Gate ARB_USDT | +0.0011% | 8h | 0.2280 | +0.214% | $5.5M | $20.2M | 60x | as long as short |
| BloFin ARB-USDT | +0.0036% | 8h | 0.2278 | +0.165% | $3.1M | $2.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0067% | 8h | 0.2279 | +0.192% | $21.5M | $36.0M | 50x | as long as short |
| BingX ARB-USDC | +0.0067% | 8h | 0.2277 | +0.113% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2280 | +0.257% | $149K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2279 | +0.209% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2283 | +0.354% | $41.5M | $47.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2279 | +0.208% | $710K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2280 | +0.245% | $48K | $185K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2279 | +0.179% | $19.8M | $16.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2274 | −0.019% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perplong | +0.0100% | 8h | 0.2275 | long leg | $485K | $3.7M | 10x | |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2273 | −0.072% | $122K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2281 | +0.280% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2279 | +0.209% | $291K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2278 | +0.148% | $5.2M | $13.1M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2282 | +0.324% | $514K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0235% | 1h | 0.2280 | +0.234% | $1.2M | $4.9M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2278 | +0.169% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0296% / S −0.0186% | 1h | 0.2280 | +0.237% | $932K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2281 | +0.269% | $504K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0481% | 1h | 0.2282 | +0.311% | $928K | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Gate ARB_USDT
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
GMX ARB/USD [ARB-USDC]
RISEx ARB/USDC
Backpack ARB_USDC_PERP