Funding you earn now, next payment 08:00 UTC−0.0057%/8h= −6.3% APRnext payment −$0.57 per $10,000 · paid last 24h +0.002%
Price spread now: GRVT against OKX+0.174%111s7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as 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−$400.404% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.174%, 7d avg +0.022%
=Together, before fees+0.053%+ Points / potential airdropGRVT: Active · farm board+$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.152% dearer against OKX than usual: you sell high and buy low (spread +0.174% now, against its 7-day average of +0.022%): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.8 days. At the pace of the last 7 days (−0.004% in total) that is about 8 months. 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 BCH-USDT-SWAP | 266.20 | −0.0068 | get 0.0068% / 8h | 5h 15m | $25.2M | $74.3M | 50x |
| Short | GRVT BCH_USDT_Perp | 266.66 | −0.0125 | pay 0.0125% / 8h | 5h 15m | $389K | $17K | 10x |
OKX BCH-USDT-SWAP
GRVT BCH_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
- −$12.04
- Price spread: +0.174% → +0.022%
- $15.21
- Slippage, 4 orders
- −$21.43
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$37.27
- Costs to cover
- 0.404%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 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, 3 min ago | 1.88 bp | 9.3 bp −$9 | 17.1 bp −$171 | 152.1 bp −$15.2K | doesn't fit |
| Sell GRVT live order book, 47 min ago | 3.96 bp | 9.6 bp −$10 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX BCH-USDT | −0.1257% | 8h | 266.40 | +0.075% | $2K | $1.7M | 30x | as long as short |
| HTX BCH-USDT | −0.0434% | 8h | 266.68 | +0.180% | $775K | $1.4M | 75x | as long as short |
| Phemex BCHUSDT | −0.0422% | 8h | 266.52 | +0.120% | $4.9M | $6.5M | 50x | as long as short |
| SoDEX BCH-USD | −0.0294% | 1h | 266.55 | +0.131% | $2K | $8K | 10x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0128% | 1h | 266.55 | +0.131% | $224K | $1.8M | 50x | as long as short |
| GRVT BCH_USDT_Perpshort | −0.0125% | 8h | 266.66 | +0.174% | $389K | $17K | 10x | |
| Nado BCH-PERP | −0.0124% | 1h | 266.50 | +0.112% | $424K | $339K | 10x | as long as short |
| Extended BCH-USD | −0.0104% | 1h | 266.18 | −0.008% | $116K | $953K | 25x | as long as short |
| MEXC BCH_USDT | −0.0104% | 8h | 266.67 | +0.177% | $70.3M | $7.0M | 200x | as long as short |
| Binance BCHUSDT | −0.0104% | 8h | 266.31 | +0.041% | $72.4M | $213.5M | 75x | as long as short |
SunX BCH-USDT
HTX BCH-USDT
Phemex BCHUSDT
SoDEX BCH-USD
Coinbase International BCH-PERP-INTX
Nado BCH-PERP
Extended BCH-USD
MEXC BCH_USDT
Binance BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BCH | −0.0095% | 8h | 266.60 | +0.150% | $82K | $201K | — | as long as short |
| Gate BCH_USDT | −0.0090% | 8h | 266.52 | +0.120% | $8.3M | $13.3M | 75x | as long as short |
| KuCoin BCHUSDTM | −0.0068% | 8h | 266.37 | +0.064% | $8.6M | $7.1M | 75x | as long as short |
| OKX BCH-USDT-SWAPlong | −0.0068% | 8h | 266.20 | long leg | $25.2M | $74.3M | 50x | |
| Bitget BCHUSDT | −0.0063% | 8h | 266.24 | +0.015% | $19.2M | $28.1M | 75x | as long as short |
| Bybit BCHUSDT | −0.0039% | 8h | 266.30 | +0.038% | $39.3M | $30.8M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0031% | 1h | 266.83 | +0.236% | $856K | $3.0M | 50x | as long as short |
| BingX BCH-USDC | −0.0030% | 8h | 266.48 | +0.105% | — | $6.5M | — | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0009% | 1h | 266.70 | +0.189% | $446K | $331K | 25x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 266.74 | +0.203% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 266.60 | +0.150% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 266.81 | +0.229% | $1.1M | $10.2M | 2.7x | as long as short |
| ApeX Omni BCHUSDT | +0.0008% | 1h | 266.95 | +0.282% | $97K | $227K | 50x | as long as short |
| BloFin BCH-USDT | +0.0015% | 8h | 266.65 | +0.169% | $3.9M | $4.2M | 50x | as long as short |
| Pacifica BCH | +0.0021% | 1h | 266.35 | +0.058% | $162K | $321K | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.503% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0034% | 8h | 266.52 | +0.120% | $2K | $176 | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 266.34 | +0.053% | $364K | $482K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 266.59 | +0.147% | $5.7M | $4.7M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 266.68 | +0.180% | $169K | $519K | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 266.60 | +0.150% | $19K | $291K | 20x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0357% / S −0.0525% | 1h | 266.79 | +0.222% | $25K | — | 100x | as long as short |
Variational Omni BCH
Gate BCH_USDT
KuCoin BCHUSDTM
Bitget BCHUSDT
Bybit BCHUSDT
Kraken Futures PF_BCHUSD
BingX BCH-USDC
Deribit BCH_USDC-PERPETUAL
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
ApeX Omni BCHUSDT
BloFin BCH-USDT
Pacifica BCH
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]