Funding you earn now, next payment 00:00 UTC+0.0042%/8h= +4.5% APRnext payment +$0.42 per $10,000 · paid last 24h −0.014%
Price spread now: GRVT against Bybit+0.188%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$420.419% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 3 days (all we have)+0.065%+$7 · spread now +0.188%, 7d avg +0.019%
=Together, before fees+0.049%+ Points / potential airdropGRVT: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GRVT is 0.169% dearer against Bybit than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BCHUSDT | 266.81 | −0.0119 | get 0.0119% / 8h | 2h 57m | $39.4M | $32.5M | 75x |
| Short | GRVT BCH_USDT_Perp | 267.31 | −0.0077 | pay 0.0077% / 8h | 2h 57m | $390K | $17K | 10x |
Bybit BCHUSDT
GRVT BCH_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
- $8.72
- Price spread: +0.188% → +0.019%
- $16.89
- Slippage, 4 orders
- −$21.89
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$16.27
- Costs to cover
- 0.419%
- Break-even
- 20.1 days
Slippage from Bybit: live order book, 1 min ago; GRVT: live order book, 30 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, 1 min ago | 1.87 bp | 10.7 bp −$11 | 19.3 bp −$193 | 76.2 bp −$7,617 | doesn't fit |
| Sell GRVT live order book, 30 min ago | 0.19 bp | 8.9 bp −$9 | 22.1 bp −$221 | doesn't fit | doesn't fit |
BCH on 32 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 BCH/USDC PERP | −0.0304% | 1h | 267.99 | +0.442% | $715 | $47K | 12x | as long as short |
| Phemex BCHUSDT | −0.0207% | 8h | 266.90 | +0.034% | $4.9M | $6.3M | 50x | as long as short |
| SoDEX BCH-USD | −0.0136% | 1h | 266.86 | +0.019% | $2K | $6K | 10x | as long as short |
| Binance BCHUSDT | −0.0124% | 8h | 266.90 | +0.034% | $73.8M | $231.6M | 75x | as long as short |
| MEXC BCH_USDT | −0.0123% | 8h | 267.39 | +0.217% | $70.8M | $6.3M | 200x | as long as short |
| Extended BCH-USD | −0.0120% | 1h | 266.70 | −0.042% | $105K | $643K | 25x | as long as short |
| Bybit BCHUSDTlong | −0.0119% | 8h | 266.81 | long leg | $39.4M | $32.5M | 75x | |
| Variational Omni BCH | −0.0091% | 8h | 267.35 | +0.204% | $85K | $291K | — | as long as short |
| GRVT BCH_USDT_Perpshort | −0.0077% | 8h | 267.31 | +0.188% | $390K | $17K | 10x | |
| Bitget BCHUSDT | −0.0060% | 8h | 266.72 | −0.034% | $20.1M | $29.1M | 75x | as long as short |
Injective BCH/USDC PERP
Phemex BCHUSDT
SoDEX BCH-USD
Binance BCHUSDT
MEXC BCH_USDT
Extended BCH-USD
Variational Omni BCH
Bitget BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BCH_USDT | −0.0046% | 8h | 266.88 | +0.026% | $8.3M | $14.3M | 75x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0035% | 1h | 266.99 | +0.068% | $437K | $254K | 25x | as long as short |
| BingX BCH-USDC | −0.0032% | 8h | 266.89 | +0.030% | — | $6.5M | — | as long as short |
| OKX BCH-USDT-SWAP | −0.0029% | 8h | 266.70 | −0.041% | $26.1M | $76.2M | 50x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0024% | 1h | 267.52 | +0.266% | $261K | $2.1M | 50x | as long as short |
| BloFin BCH-USDT | −0.0004% | 8h | 267.26 | +0.169% | $4.0M | $4.1M | 50x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 267.11 | +0.112% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 267.37 | +0.210% | $1.1M | $11.7M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 267.17 | +0.136% | $4K | — | 150x | as long as short |
| Orderly PERP_BCH_USDC | +0.0030% | 8h | 266.94 | +0.049% | $2K | $176 | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0063% | 8h | 266.93 | +0.045% | $8.8M | $8.1M | 75x | as long as short |
| Nado BCH-PERP | +0.0072% | 1h | 266.80 | −0.003% | $438K | $430K | 10x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0074% | 1h | 267.09 | +0.103% | $805K | $3.2M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 266.89 | +0.032% | $375K | $579K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 267.18 | +0.139% | $6.0M | $4.2M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 267.09 | +0.106% | $234K | $682K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 266.86 | +0.020% | $168K | $461K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 267.32 | +0.189% | $19K | $287K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 267.43 | +0.232% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 266.97 | +0.060% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 267.02 | +0.079% | $771K | $1.7M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0371% / S −0.0574% | 1h | 267.12 | +0.117% | $26K | — | 100x | as long as short |
Gate BCH_USDT
Deribit BCH_USDC-PERPETUAL
BingX BCH-USDC
OKX BCH-USDT-SWAP
Coinbase International BCH-PERP-INTX
BloFin BCH-USDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Orderly PERP_BCH_USDC
KuCoin BCHUSDTM
Nado BCH-PERP
Kraken Futures PF_BCHUSD
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]