Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.024%
Price spread now: GRVT against edgeX−0.017%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as 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−0.022%−$2 on $10k
+Price spread, last 7 days+0.025%+$2 · spread now −0.017%, 7d avg +0.048%
=Together, before fees+0.002%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GRVT is 0.064% cheaper against edgeX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.048%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX BNBUSDC | 800.41 | 0.0100 | pay 0.0050% / 4h | 29m 18s | $4.2M | $76.8M | 30x |
| Short | GRVT BNB_USDT_Perp | 800.28 | 0 | get 0.0000% / 8h | 29m 18s | $3.0M | $28.0M | 10x |
edgeX BNBUSDC
GRVT BNB_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against edgeX. 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
- Price spread: −0.017% → +0.048%
- −$6.44
- Slippage, 4 orders
- −$5.12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$50.56
- Costs to cover
- 0.231%
- Break-even
- never at this rate
Slippage from edgeX: 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 edgeX live order book, 5 min ago | 2.50 bp | 7.0 bp −$7 | 7.0 bp −$70 | 10.7 bp −$1,071 | doesn't fit |
| Sell GRVT live order book, 5 min ago | 0.06 bp | 4.6 bp −$5 | 5.3 bp −$53 | doesn't fit | 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 −0.0201% / S +0.0372% | 1h | 799.44 | −0.121% | $47K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 799.77 | −0.080% | $4K | $1K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0074% | 1h | 799.29 | −0.140% | $2.5M | $972K | 50x | as long as short |
| GRVT BNB_USDT_Perpshort | 0.0000% | 8h | 800.28 | −0.017% | $3.0M | $28.0M | 10x | |
| StandX BNB-USD | 0.0000% | 1h | 800.20 | −0.027% | $865K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 799.50 | −0.114% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0017% | 8h | 799.36 | −0.132% | $4.1M | $5.4M | — | as long as short |
| BingX BNB-USDC | +0.0041% | 8h | 799.59 | −0.103% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0048% | 8h | 799.07 | −0.168% | $138.6M | $77.0M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 799.89 | −0.065% | $606K | $992K | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDT
Coinbase International BNB-PERP-INTXShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0092% | 8h | 799.98 | −0.054% | $6.3M | $18.9M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 799.70 | −0.089% | $2.8M | $4.1M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 799.07 | −0.168% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 799.57 | −0.105% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 799.20 | −0.152% | $54.4M | $113.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 799.70 | −0.089% | $53K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 799.25 | −0.145% | $35.8M | $58.0M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 799.26 | −0.144% | $28.0M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 799.30 | −0.139% | $79.3M | $27.4M | 75x | as long as short |
| edgeX BNBUSDClong | +0.0100% | 4h | 800.41 | long leg | $4.2M | $76.8M | 30x | |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 800.53 | +0.014% | $161K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 799.25 | −0.145% | $116K | $875K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 799.59 | −0.103% | $386K | $497K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 799.80 | −0.077% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 800.16 | −0.032% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 799.70 | −0.089% | $393K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 799.50 | −0.114% | $8.2M | $8.0M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 800.01 | −0.051% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 799.06 | −0.169% | $1.8M | $6.5M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 799.84 | −0.072% | $384K | $40K | 10x | as long as short |
| Phemex BNBUSDT | +0.0112% | 8h | 800.01 | −0.050% | $69.9M | $50.6M | 50x | as long as short |
| Binance BNBUSDT | +0.0114% | 8h | 799.99 | −0.053% | $499.5M | $815.6M | 75x | as long as short |
| MEXC BNB_USDT | +0.0115% | 8h | 800.40 | −0.002% | $83.1M | $13.5M | 200x | as long as short |
| Kalshi KXBNBPERP | +0.0120% | 8h | 800.40 | −0.002% | $110K | $2.9M | 4.8x | as long as short |
| Phoenix BNB | +0.0127% | 1h | 800.12 | −0.037% | $172K | $36K | 10x | as long as short |
| Hyperliquid BNB | +0.0183% | 1h | 800.12 | −0.037% | $51.8M | $21.1M | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0184% | 1h | 799.67 | −0.093% | $70K | $44K | 12x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 800.03 | −0.048% | $1.6M | $165K | 25x | as long as short |
| BloFin BNB-USDT | +0.0236% | 8h | 800.28 | −0.017% | $18.2M | $2.5M | 75x | as long as short |
| Bulk BNB-USD | +0.0239% | 1h | 800.03 | −0.048% | $650K | $19K | 10x | as long as short |
| RISEx BNB/USDC | +0.0258% | 1h | 799.52 | −0.112% | $1.1M | $1.4M | 20x | as long as short |
| 01 Exchange BNBUSD | +0.0304% | 1h | 800.03 | −0.048% | $28K | $1K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0306% | 1h | 805.09 | +0.584% | $19K | $789K | 30x | as long as short |
| Reya BNBRUSDPERP | +0.0331% | 1h | 798.95 | −0.183% | $6K | $3K | 40x | as long as short |
| dYdX BNB-USD | +0.0389% | 1h | 799.32 | −0.137% | $161K | $62K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0408% | 1h | 800.25 | −0.020% | $2.7M | $5.7M | 40x | as long as short |
Aster BNBUSDT
Lighter BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phemex BNBUSDT
Binance BNBUSDT
MEXC BNB_USDT
Kalshi KXBNBPERP
Phoenix BNB
Hyperliquid BNB
Hibachi BNB/USDT-P
Deribit BNB_USDC-PERPETUAL
BloFin BNB-USDT
Bulk BNB-USD
RISEx BNB/USDC
01 Exchange BNBUSD
Injective BNB/USDC PERP
Reya BNBRUSDPERP
dYdX BNB-USD
Backpack BNB_USDC_PERP