Funding you earn now, next payment 00:00 UTC−0.0225%/8h= −24.7% APRnext payment −$2.25 per $10,000 · paid last 24h −0.071%
Price spread now: GRVT against BloFin−0.070%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Funding, last 7 days−0.173%−$17 on $10k
+Price spread, last 3 days (all we have)+0.189%+$19 · spread now −0.070%, 7d avg −0.003%
=Together, before fees+0.016%+ Points / potential airdropGRVT: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and GRVT is 0.067% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.003%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BNB-USDT | 804.46 | 0.0225 | pay 0.0225% / 8h | 2h 32m | $18.8M | $3.1M | 75x |
| Short | GRVT BNB_USDT_Perp | 803.90 | 0 | get 0.0000% / 8h | 2h 32m | $3.0M | $29.3M | 10x |
BloFin BNB-USDT
GRVT BNB_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against BloFin. 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
- −$47.35
- Price spread: −0.070% → −0.003%
- −$6.69
- Slippage, 4 orders
- −$2.05
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$77.09
- Costs to cover
- 0.231%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; GRVT: live order book, 6 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 BloFin live order book, 6 min ago | 0.19 bp | 7.7 bp −$8 | 8.8 bp −$88 | 15.0 bp −$1,497 | doesn't fit |
| Sell GRVT live order book, 6 min ago | 0.06 bp | 4.6 bp −$5 | 5.1 bp −$51 | 19.3 bp −$1,932 | 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 | 803.74 | −0.090% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 804.42 | −0.005% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perpshort | 0.0000% | 8h | 803.90 | −0.070% | $3.0M | $29.3M | 10x | |
| Kalshi KXBNBPERP | 0.0000% | 8h | 804.40 | −0.007% | $112K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 803.92 | −0.067% | $869K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 803.83 | −0.079% | $9.8M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 803.87 | −0.073% | $2.5M | $908K | 50x | as long as short |
| Variational Omni BNB | +0.0051% | 8h | 802.62 | −0.228% | $4.0M | $5.3M | — | as long as short |
| BingX BNB-USDC | +0.0057% | 8h | 803.83 | −0.078% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0076% | 8h | 803.30 | −0.144% | $139.3M | $82.9M | 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-USDC
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0088% | 1h | 804.19 | −0.034% | $609K | $878K | 50x | as long as short |
| Aster BNBUSDT | +0.0089% | 8h | 804.46 | 0.000% | $6.4M | $18.8M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 804.03 | −0.053% | $2.8M | $4.2M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 803.70 | −0.094% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 804.27 | −0.024% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 803.60 | −0.107% | $55.1M | $115.4M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 804.10 | −0.045% | $52K | $163K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 803.55 | −0.113% | $35.9M | $58.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 803.58 | −0.109% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 803.47 | −0.123% | $79.1M | $24.5M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 804.01 | −0.056% | $4.2M | $76.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 804.17 | −0.036% | $159K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 803.69 | −0.096% | $118K | $868K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 803.89 | −0.071% | $388K | $593K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 803.98 | −0.060% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 804.40 | −0.007% | $13K | $1.7M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 804.29 | −0.021% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 804.33 | −0.016% | $8.2M | $7.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 804.67 | +0.026% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 803.38 | −0.134% | $1.9M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 804.13 | −0.042% | $386K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0105% | 8h | 804.80 | +0.042% | $84.4M | $13.6M | 200x | as long as short |
| Binance BNBUSDT | +0.0105% | 8h | 804.34 | −0.015% | $518.8M | $803.1M | 75x | as long as short |
| Phemex BNBUSDT | +0.0123% | 8h | 804.40 | −0.007% | $70.2M | $51.7M | 50x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 803.93 | −0.066% | $173K | $35K | 10x | as long as short |
| SoDEX BNB-USD | +0.0152% | 1h | 803.90 | −0.070% | $395K | $1.0M | 10x | as long as short |
| Hyperliquid BNB | +0.0155% | 1h | 804.37 | −0.011% | $51.7M | $21.3M | 10x | as long as short |
| Bulk BNB-USD | +0.0194% | 1h | 803.61 | −0.106% | $649K | $11K | 10x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 804.17 | −0.035% | $1.1M | $1.4M | 20x | as long as short |
| BloFin BNB-USDTlong | +0.0225% | 8h | 804.46 | long leg | $18.8M | $3.1M | 75x | |
| Hibachi BNB/USDT-P | +0.0248% | 1h | 804.08 | −0.048% | $71K | $48K | 12x | as long as short |
| dYdX BNB-USD | +0.0260% | 1h | 804.28 | −0.022% | $170K | $55K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0320% | 1h | 804.59 | +0.016% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0334% | 1h | 803.51 | −0.118% | $6K | $3K | 40x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.92 | +0.057% | $19K | $526K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0666% | 1h | 804.74 | +0.035% | $3.0M | $5.4M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
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
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Phoenix BNB
SoDEX BNB-USD
Hyperliquid BNB
Bulk BNB-USD
RISEx BNB/USDC
Hibachi BNB/USDT-P
dYdX BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
Injective BNB/USDC PERP
Backpack BNB_USDC_PERP