Funding you earn now, next payment 04:00 UTC+0.0352%/8h= +38.5% APRnext payment +$1.76 per $10,000 · paid last 24h +0.009%
Price spread now: GRVT against Bybit+0.150%90s7-day average −0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$349as 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−$3353.352% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.150%, 7d avg −0.092%
=Together, before fees−0.175%+ Points / potential airdropGRVT: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and GRVT is 0.242% dearer against Bybit than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.092%. Mind the row above: over the last 7 days funding on this pair cost −0.133%, so the current rate has only just turned in your favour. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.133% in total (about -6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.76 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 | Bybit BARDUSDT | 0.1377 | −0.0252 | get 0.0126% / 4h | 2h 08m | $1.0M | $333K | 25x |
| Short | GRVT BARD_USDT_Perp | 0.1379 | 0.0100 | get 0.0050% / 4h | 2h 08m | $138K | $533K | 10x |
Bybit BARDUSDT
GRVT BARD_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Bybit. 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
- $73.84
- Price spread: +0.150% → −0.092%
- $24.2
- Slippage, 4 orders
- −$315.21
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$237.17
- Costs to cover
- 3.352%
- Break-even
- 29.5 days
Slippage from Bybit: live order book, 2 min ago; GRVT: live order book, 60 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 Bybit live order book, 2 min ago | 3.63 bp | 115.1 bp −$115 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 60 min ago | 7.25 bp | 59.0 bp −$59 | 243.2 bp −$2,432 | doesn't fit | doesn't fit |
BARD on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BARDUSDTlong | −0.0252% | 4h | 0.1377 | long leg | $1.0M | $333K | 25x | |
| BingX BARD-USDT | −0.0172% | 4h | 0.1377 | −0.015% | — | $6.5M | — | as long as short |
| Aster BARDUSDT | +0.0100% | 4h | 0.1377 | +0.014% | $18K | $16K | 5x | as long as short |
| Binance BARDUSDT | +0.0100% | 4h | 0.1376 | −0.068% | $2.2M | $1.8M | 25x | as long as short |
| OKX BARD-USDT-SWAP | +0.0100% | 4h | 0.1375 | −0.160% | $729K | $1.0M | 20x | as long as short |
| Gate BARD_USDT | +0.0100% | 4h | 0.1377 | −0.015% | $193K | $33K | 20x | as long as short |
| MEXC BARD_USDT | +0.0100% | 4h | 0.1376 | −0.087% | $768K | $164K | 50x | as long as short |
| KuCoin BARDUSDTM | +0.0100% | 4h | 0.1372 | −0.356% | $104K | $68K | 25x | as long as short |
| Bitget BARDUSDT | +0.0100% | 4h | 0.1377 | −0.015% | $1.1M | $150K | 20x | as long as short |
| Variational Omni BARD | +0.0100% | 4h | 0.1380 | +0.218% | $12K | $1 | — | as long as short |
BingX BARD-USDT
Aster BARDUSDT
Binance BARDUSDT
OKX BARD-USDT-SWAP
Gate BARD_USDT
MEXC BARD_USDT
KuCoin BARDUSDTM
Bitget BARDUSDT
Variational Omni BARDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BARD_USDT_Perpshort | +0.0100% | 4h | 0.1379 | +0.150% | $138K | $533K | 10x |