Funding you earn now, next payment 08:00 UTC−0.0156%/8h= −17.1% APRnext payment −$1.56 per $10,000 · paid last 24h −0.048%
Price spread now: Orderly against GRVT−0.504%70s7-day average +0.030% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.294%−$29 on $10k
+Price spread, last 4 days (all we have)+1.075%+$108 · spread now −0.504%, 7d avg +0.030%
=Together, before fees+0.781%+ Points / potential airdropGRVT: Active · farm board+$78 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Orderly is 0.534% cheaper against GRVT than usual: you would sell low and buy high (−$53 if the spread goes back to its 7-day average of +0.030%). Swap the legs. The two prices were read 70 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 | 0.2181 | 0.0100 | pay 0.0100% / 8h | 2h 39m | $464K | $3.5M | 10x |
| Short | Orderly PERP_ARB_USDC | 0.2170 | −0.0056 | pay 0.0056% / 8h | 2h 39m | $13K | $409K | 10x |
GRVT ARB_USDT_Perp
Orderly PERP_ARB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$32.86
- Price spread: −0.504% → +0.030%
- −$53.4
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$101.26
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.
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, 4 min ago | 2.29 bp | 15.5 bp −$15 | 68.8 bp −$688 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1581% | 1h | 0.2162 | −0.871% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0184% | 1h | 0.2167 | −0.637% | $7K | $236 | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0166% | 1h | 0.2168 | −0.605% | $72K | $2.1M | 10x | as long as short |
| Variational Omni ARB | −0.0099% | 8h | 0.2171 | −0.473% | $1.7M | $3.0M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0091% | 8h | 0.2173 | −0.367% | $21.5M | $141.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0090% | 8h | 0.2172 | −0.413% | $41.9M | $61.1M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0075% | 1h | 0.2171 | −0.448% | $1.0M | $4.4M | 50x | as long as short |
| Bybit ARBUSDT | −0.0072% | 8h | 0.2171 | −0.459% | $53.9M | $123.8M | 50x | as long as short |
| Orderly PERP_ARB_USDCshort | −0.0056% | 8h | 0.2170 | −0.504% | $13K | $409K | 10x | |
| dYdX ARB-USD | 0.0000% | 1h | 0.2172 | −0.428% | $64K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2171 | −0.449% | $23K | $33K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2170 | −0.493% | $43K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0046% | 8h | 0.2169 | −0.541% | $5.3M | $18.1M | 60x | as long as short |
| Bitget ARBUSDT | +0.0049% | 8h | 0.2171 | −0.459% | $20.7M | $34.2M | 50x | as long as short |
| Extended ARB-USD | +0.0072% | 1h | 0.2171 | −0.441% | $347K | $2.8M | 25x | as long as short |
| BingX ARB-USDT | +0.0072% | 8h | 0.2172 | −0.408% | — | $53.7M | — | as long as short |
| Binance ARBUSDT | +0.0072% | 8h | 0.2171 | −0.443% | $62.3M | $299.8M | 75x | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2172 | −0.407% | $439K | $2.6M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2171 | −0.477% | $1.2M | $5.5M | 15x | as long as short |
| Aevo ARB-PERP | +0.0096% | 1h | 0.2171 | −0.447% | $138K | $7K | 3x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2170 | −0.481% | $36.4M | $48.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2171 | −0.439% | $626K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2171 | −0.445% | $42K | $160K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2172 | −0.399% | $19.4M | $14.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2181 | −0.017% | $39K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perplong | +0.0100% | 8h | 0.2181 | long leg | $464K | $3.5M | 10x | |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2182 | +0.046% | $118K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2172 | −0.413% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2170 | −0.491% | $10K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2170 | −0.504% | $289K | $894K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2170 | −0.504% | $4.9M | $12.6M | 50x | as long as short |
| BloFin ARB-USDT | +0.0192% | 8h | 0.2172 | −0.436% | $3.0M | $2.4M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2170 | −0.517% | $819K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2169 | −0.550% | $498K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2168 | −0.606% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0642% | 1h | 0.2173 | −0.358% | $974K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Bitget ARBUSDT
Extended ARB-USD
BingX ARB-USDT
Binance ARBUSDT
RISEx ARB/USDC
Lighter ARB
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP