Funding you earn now, next payment 00:00 UTC−0.0103%/8h= −11.3% APRnext payment −$1.03 per $10,000 · paid last 24h −0.035%
Price spread now: GRVT against Binance+0.024%49s7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as 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−$200.197% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 7 days−0.026%−$3 · spread now +0.024%, 7d avg +0.011%
=Together, before fees+0.020%+ Points / potential airdropGRVT: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 49 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 | Binance BNBUSDT | 803.09 | 0.0103 | pay 0.0103% / 8h | 2h 38m | $517.9M | $803.5M | 75x |
| Short | GRVT BNB_USDT_Perp | 803.28 | 0 | get 0.0000% / 8h | 2h 38m | $3.0M | $29.7M | 10x |
Binance BNBUSDT
GRVT BNB_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Binance. 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
- −$21.73
- Price spread: +0.024% → +0.011%
- $1.24
- Slippage, 4 orders
- −$0.71
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$40.2
- Costs to cover
- 0.197%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; GRVT: live order book, 5 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 Binance live order book, 5 min ago | 0.06 bp | 5.5 bp −$6 | 6.8 bp −$68 | 14.7 bp −$1,467 | doesn't fit |
| Sell GRVT live order book, 5 min ago | 0.06 bp | 4.6 bp −$5 | 4.9 bp −$49 | 19.8 bp −$1,983 | doesn't fit |
BNB on 46 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0195% / S +0.0371% | 1h | 802.30 | −0.098% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 803.25 | +0.020% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perpshort | 0.0000% | 8h | 803.28 | +0.024% | $3.0M | $29.7M | 10x | |
| Kalshi KXBNBPERP | 0.0000% | 8h | 803.20 | +0.014% | $112K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 803.58 | +0.061% | $868K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 802.33 | −0.095% | $9.7M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 802.12 | −0.121% | $2.5M | $910K | 50x | as long as short |
| Variational Omni BNB | +0.0055% | 8h | 802.35 | −0.092% | $4.0M | $5.4M | — | as long as short |
| BingX BNB-USDT | +0.0062% | 8h | 802.42 | −0.083% | — | $34.5M | — | as long as short |
| Bybit BNBUSDT | +0.0080% | 8h | 801.96 | −0.141% | $138.6M | $82.6M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Kraken Futures PF_BNBUSD
Variational Omni BNB
BingX BNB-USDT
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0086% | 8h | 802.89 | −0.025% | $6.4M | $18.8M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0088% | 1h | 803.99 | +0.112% | $608K | $878K | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 802.56 | −0.066% | $2.8M | $4.2M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 802.00 | −0.136% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 802.67 | −0.053% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 802.50 | −0.073% | $55.1M | $115.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 802.60 | −0.061% | $52K | $161K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 802.15 | −0.117% | $35.9M | $58.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 802.03 | −0.132% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 802.09 | −0.125% | $78.9M | $24.5M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 803.51 | +0.052% | $4.2M | $76.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 803.43 | +0.042% | $158K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 802.12 | −0.121% | $118K | $868K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 802.37 | −0.090% | $388K | $593K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 802.45 | −0.080% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 802.92 | −0.021% | $13K | $1.7M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 802.78 | −0.039% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 802.64 | −0.055% | $8.2M | $7.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 802.94 | −0.019% | $78K | $19K | 50x | as long as short |
| MEXC BNB_USDT | +0.0103% | 8h | 803.50 | +0.051% | $84.3M | $13.6M | 200x | as long as short |
| Binance BNBUSDTlong | +0.0103% | 8h | 803.09 | long leg | $517.9M | $803.5M | 75x | |
| Extended BNB-USD | +0.0104% | 1h | 801.91 | −0.147% | $1.9M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 802.44 | −0.081% | $385K | $40K | 10x | as long as short |
| SoDEX BNB-USD | +0.0117% | 1h | 802.30 | −0.098% | $395K | $1.0M | 10x | as long as short |
| Phemex BNBUSDT | +0.0122% | 8h | 802.86 | −0.029% | $70.0M | $51.7M | 50x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 803.50 | +0.051% | $173K | $35K | 10x | as long as short |
| Hyperliquid BNB | +0.0149% | 1h | 803.04 | −0.006% | $51.6M | $21.3M | 10x | as long as short |
| Bulk BNB-USD | +0.0194% | 1h | 803.61 | +0.065% | $649K | $11K | 10x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 802.55 | −0.067% | $1.1M | $1.4M | 20x | as long as short |
| BloFin BNB-USDT | +0.0223% | 8h | 802.88 | −0.026% | $18.8M | $3.1M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0256% | 1h | 802.85 | −0.029% | $71K | $49K | 12x | as long as short |
| dYdX BNB-USD | +0.0259% | 1h | 802.24 | −0.106% | $170K | $55K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0312% | 1h | 802.92 | −0.021% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0334% | 1h | 801.86 | −0.154% | $6K | $3K | 40x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.92 | +0.228% | $19K | $526K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0680% | 1h | 803.34 | +0.031% | $3.0M | $5.3M | 40x | as long as short |
Aster BNBUSDT
Coinbase International BNB-PERP-INTX
Lighter BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
MEXC BNB_USDT
Extended BNB-USD
Aevo BNB-PERP
SoDEX BNB-USD
Phemex BNBUSDT
Phoenix BNB
Hyperliquid BNB
Bulk BNB-USD
RISEx BNB/USDC
BloFin BNB-USDT
Hibachi BNB/USDT-P
dYdX BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
Injective BNB/USDC PERP
Backpack BNB_USDC_PERP