Funding you earn now, next payment 00:00 UTC+0.0060%/8h= +6.5% APRnext payment +$0.30 per $10,000 · paid last 24h −0.020%
Price spread now: GRVT against OKX+0.184%111s7-day average +0.002% · 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−$770.772% of the position
Funding, last 7 days+0.140%+$14 on $10k
+Price spread, last 3 days (all we have)+0.052%+$5 · spread now +0.184%, 7d avg +0.002%
=Together, before fees+0.192%+ Points / potential airdropGRVT: Active · farm board+$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GRVT is 0.182% dearer against OKX than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.002%. The two prices were read 111 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 | OKX AXS-USDT-SWAP | 1.0634 | 0.0040 | pay 0.0020% / 4h | 1h 35m | $1.4M | $2.7M | 20x |
| Short | GRVT AXS_USDT_Perp | 1.0654 | 0.0100 | get 0.0050% / 4h | 1h 35m | $760K | $870K | 10x |
OKX AXS-USDT-SWAP
GRVT AXS_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against OKX. 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
- $12.53
- Price spread: +0.184% → +0.002%
- $18.2
- Slippage, 4 orders
- −$58.19
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$46.45
- Costs to cover
- 0.772%
- Break-even
- 32.9 days
Slippage from OKX: live order book, 1 min ago; GRVT: live order book, 47 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 OKX live order book, 1 min ago | 0.94 bp | 18.9 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 47 min ago | 4.69 bp | 17.9 bp −$18 | 214.3 bp −$2,143 | doesn't fit | doesn't fit |
AXS on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AXSUSD | −0.0476% | 1h | 1.0639 | +0.051% | $139K | $311K | 20x | as long as short |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | +0.809% | $5 | $47K | 5.5x | as long as short |
| OKX AXS-USDT-SWAPlong | +0.0040% | 4h | 1.0634 | long leg | $1.4M | $2.7M | 20x | |
| Orderly PERP_AXS_USDC | +0.0069% | 4h | 1.0640 | +0.056% | $3K | — | 10x | as long as short |
| BloFin AXS-USDT | +0.0074% | 4h | 1.0648 | +0.132% | $271K | $17K | 75x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0656 | +0.207% | $28K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0635 | +0.009% | $261K | $293K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0646 | +0.116% | $72K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0634 | 0.000% | $5.9M | $9.2M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0631 | −0.028% | $3.2M | $3.6M | 75x | as long as short |
Kraken Futures PF_AXSUSD
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
BloFin AXS-USDT
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AXS_USDT | +0.0100% | 8h | 1.0646 | +0.113% | $958K | $1.0M | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0626 | −0.075% | $11.1M | $723K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0640 | +0.056% | $581K | $294K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0650 | +0.150% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0645 | +0.103% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0654 | +0.191% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perpshort | +0.0100% | 4h | 1.0654 | +0.184% | $760K | $870K | 10x | |
| SunX AXS-USDT | +0.0100% | 4h | 1.0634 | 0.000% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0628 | −0.056% | $680 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0629 | −0.046% | $7K | $156K | 10x | as long as short |
Gate AXS_USDT
MEXC AXS_USDT
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD