Funding you earn now, next payment 08:00 UTC−0.0407%/8h= −44.5% APRnext payment −$4.07 per $10,000 · paid last 24h −0.009%
Price spread now: Bybit against GRVT−0.165%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$810.811% of the position
Funding, last 7 days−0.112%−$11 on $10k
+Price spread, last 7 days+0.051%+$5 · spread now −0.165%, 7d avg −0.066%
=Together, before fees−0.061%+ Points / potential airdropGRVT: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bybit is 0.099% cheaper against GRVT than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.066%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.112% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.07 per $10,000. 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 | GRVT ARB_USDT_Perp | 0.2249 | 0.0100 | pay 0.0100% / 8h | 7h 43m | $477K | $3.6M | 10x |
| Short | Bybit ARBUSDT | 0.2245 | −0.0307 | pay 0.0307% / 8h | 7h 43m | $58.0M | $127.1M | 50x |
GRVT ARB_USDT_Perp
Bybit ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$85.42
- Price spread: −0.165% → −0.066%
- −$9.91
- Slippage, 4 orders
- −$61.07
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$176.41
- Costs to cover
- 0.811%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 6 min ago; Bybit: live order book, 1 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 | 8.92 bp | 38.4 bp −$38 | 71.0 bp −$710 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.22 bp | 10.7 bp −$11 | 19.4 bp −$194 | 46.2 bp −$4,615 | 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 | −0.1666% | 1h | 0.2239 | −0.454% | $40K | $372K | 12x | as long as short |
| Bybit ARBUSDTshort | −0.0307% | 8h | 0.2245 | −0.165% | $58.0M | $127.1M | 50x | |
| Deribit ARB_USDC-PERPETUAL | −0.0284% | 1h | 0.2247 | −0.081% | $25K | $34K | 25x | as long as short |
| Variational Omni ARB | −0.0214% | 8h | 0.2239 | −0.450% | $1.9M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0144% | 1h | 0.2249 | −0.014% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0138% | 1h | 0.2249 | −0.021% | $1.1M | $4.9M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0121% | 8h | 0.2243 | −0.263% | $22.6M | $156.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0118% | 8h | 0.2246 | −0.147% | $38.2M | $59.0M | 200x | as long as short |
| Phemex ARBUSDT | −0.0061% | 8h | 0.2248 | −0.054% | $5.1M | $13.0M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0044% | 8h | 0.2248 | −0.054% | $13K | $387K | 10x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
01 Exchange ARBUSD
Kraken Futures PF_ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Phemex ARBUSDT
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | −0.0016% | 1h | 0.2246 | −0.128% | $361K | $2.7M | 25x | as long as short |
| Binance ARBUSDT | −0.0014% | 8h | 0.2247 | −0.104% | $66.1M | $311.5M | 75x | as long as short |
| SoDEX ARB-USD | −0.0013% | 1h | 0.2246 | −0.152% | $4K | $2.6M | 5x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2251 | +0.099% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2250 | +0.056% | $55K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0015% | 8h | 0.2250 | +0.039% | $5.4M | $19.7M | 60x | as long as short |
| BingX ARB-USDC | +0.0049% | 8h | 0.2247 | −0.112% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0058% | 8h | 0.2246 | −0.143% | $21.4M | $36.0M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2249 | −0.028% | $143K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2248 | −0.032% | $1.4M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2251 | +0.062% | $40.6M | $47.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2249 | −0.023% | $699K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2251 | +0.077% | $44K | $187K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2247 | −0.081% | $19.6M | $16.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2247 | −0.092% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perplong | +0.0100% | 8h | 0.2249 | long leg | $477K | $3.6M | 10x | |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2250 | +0.035% | $121K | $296K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2249 | −0.010% | $66K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2251 | +0.079% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2248 | −0.059% | $292K | $1.0M | 50x | as long as short |
| BloFin ARB-USDT | +0.0106% | 8h | 0.2246 | −0.156% | $3.1M | $2.7M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2251 | +0.057% | $506K | $2.2M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0290% / S −0.0177% | 1h | 0.2250 | +0.034% | $896K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2247 | −0.082% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2251 | +0.100% | $501K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0423% | 1h | 0.2252 | +0.115% | $1.0M | $2.8M | 20x | as long as short |
Extended ARB-USD
Binance ARBUSDT
SoDEX ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
BingX ARB-USDC
Bitget ARBUSDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP