Funding you earn now, next payment 16:00 UTC+0.0141%/8h= +15.4% APRnext payment +$1.41 per $10,000 · paid last 24h +0.041%
Price spread now: GRVT against Orderly+0.365%70s7-day average −0.022% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.298%+$30 on $10k
+Price spread, last 4 days (all we have)−2.987%−$299 · spread now +0.365%, 7d avg −0.022%
=Together, before fees−2.689%+ Points / potential airdropGRVT: Active · farm board−$269 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GRVT is 0.387% dearer against Orderly than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of −0.022%. 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 | Orderly PERP_ARB_USDC | 0.2191 | −0.0041 | get 0.0041% / 8h | 7h 40m | $16K | $414K | 10x |
| Short | GRVT ARB_USDT_Perp | 0.2199 | 0.0100 | get 0.0100% / 8h | 7h 40m | $474K | $3.6M | 10x |
Orderly PERP_ARB_USDC
GRVT ARB_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Orderly. 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
- $29.54
- Price spread: +0.365% → −0.022%
- $38.67
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $53.22
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; GRVT: live order book, 4 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 4 min ago | 2.27 bp | 27.1 bp −$27 | 57.3 bp −$573 | doesn't fit | doesn't fit |
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 | −0.1605% | 1h | 0.2187 | −0.183% | $39K | $372K | 12x | as long as short |
| Gate ARB_USDT | −0.0234% | 8h | 0.2193 | +0.105% | $5.4M | $18.1M | 60x | as long as short |
| SoDEX ARB-USD | −0.0206% | 1h | 0.2192 | +0.059% | $9K | $2.3M | 5x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0168% | 1h | 0.2194 | +0.124% | $1.1M | $4.2M | 50x | as long as short |
| Bybit ARBUSDT | −0.0107% | 8h | 0.2194 | +0.151% | $53.4M | $125.9M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0078% | 8h | 0.2193 | +0.114% | $22.2M | $145.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0077% | 8h | 0.2192 | +0.064% | $43.0M | $62.8M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0048% | 1h | 0.2191 | −0.018% | $7K | $236 | 10x | as long as short |
| Orderly PERP_ARB_USDClong | −0.0041% | 8h | 0.2191 | long leg | $16K | $414K | 10x | |
| dYdX ARB-USD | 0.0000% | 1h | 0.2193 | +0.103% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
Gate ARB_USDT
SoDEX ARB-USD
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
01 Exchange ARBUSD
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 | 0.2193 | +0.068% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2193 | +0.068% | $72K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0013% | 8h | 0.2194 | +0.120% | $63.3M | $299.3M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2193 | +0.069% | $361K | $3.1M | 25x | as long as short |
| Variational Omni ARB | +0.0026% | 8h | 0.2191 | −0.010% | $1.8M | $3.0M | — | as long as short |
| BloFin ARB-USDT | +0.0050% | 8h | 0.2191 | −0.009% | $3.0M | $2.3M | 75x | as long as short |
| Bitget ARBUSDT | +0.0072% | 8h | 0.2194 | +0.137% | $21.0M | $34.7M | 50x | as long as short |
| BingX ARB-USDC | +0.0076% | 8h | 0.2193 | +0.087% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2192 | +0.046% | $139K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2193 | +0.114% | $1.3M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2195 | +0.192% | $37.2M | $50.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2193 | +0.102% | $631K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2193 | +0.093% | $43K | $146K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2193 | +0.110% | $19.5M | $13.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2198 | +0.336% | $40K | $468K | 20x | as long as short |
| GRVT ARB_USDT_Perpshort | +0.0100% | 8h | 0.2199 | +0.365% | $474K | $3.6M | 10x | |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2199 | +0.365% | $119K | $267K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2192 | +0.046% | $74K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2192 | +0.046% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2193 | +0.105% | $294K | $835K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2194 | +0.137% | $4.8M | $12.8M | 50x | as long as short |
| RISEx ARB/USDC | +0.0123% | 1h | 0.2193 | +0.112% | $527K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0193% | 1h | 0.2196 | +0.228% | $980K | $2.8M | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0159% | 1h | 0.2196 | +0.250% | $830K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2189 | −0.075% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2206 | +0.680% | $528K | $1.5M | 50x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Variational Omni ARB
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
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
RISEx ARB/USDC
Backpack ARB_USDC_PERP
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX