Funding you earn now, next payment 08:00 UTC+0.0045%/8h= +5.0% APRnext payment +$0.45 per $10,000 · paid last 24h +0.021%
Price spread now: Bybit against GRVT−0.356%7-day average −0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$230.232% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 7 days+0.268%+$27 · spread now −0.356%, 7d avg −0.125%
=Together, before fees+0.177%+ Points / potential airdropGRVT: Active · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.231% cheaper against GRVT than usual: you would sell low and buy high (spread −0.356% now, against its 7-day average of −0.125%). If the spread goes back, that is −$23 on $10k: about 17 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.091%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT BNB_USDT_Perp | 794.24 | 0 | get 0.0000% / 8h | 6h 54m | $3.0M | $28.1M | 10x |
| Short | Bybit BNBUSDT | 791.41 | 0.0045 | get 0.0045% / 8h | 6h 54m | $137.7M | $77.0M | 75x |
GRVT BNB_USDT_Perp
Bybit BNBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against GRVT. 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
- $9.53
- Price spread: −0.356% → −0.125%
- −$23.1
- Slippage, 4 orders
- −$3.23
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$36.81
- Costs to cover
- 0.232%
- Break-even
- 34.0 days
Slippage from GRVT: live order book, 4 min ago; Bybit: live order book, 4 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 GRVT live order book, 4 min ago | 0.06 bp | 4.6 bp −$5 | 6.5 bp −$65 | 21.5 bp −$2,153 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.63 bp | 6.3 bp −$6 | 9.0 bp −$90 | 24.3 bp −$2,425 | 135.0 bp −$67.5K |
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 −0.0159% / S +0.0335% | 1h | 791.77 | −0.312% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0132% | 1h | 791.57 | −0.336% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 792.42 | −0.229% | $4K | $239 | 25x | as long as short |
| Gate BNB_USDT | −0.0026% | 8h | 791.50 | −0.345% | $35.6M | $54.9M | 75x | as long as short |
| dYdX BNB-USD | 0.0000% | 1h | 791.77 | −0.311% | $160K | $63K | 10x | as long as short |
| GRVT BNB_USDT_Perplong | 0.0000% | 8h | 794.24 | long leg | $3.0M | $28.1M | 10x | |
| StandX BNB-USD | 0.0000% | 1h | 794.95 | +0.089% | $859K | $3.0M | 30x | as long as short |
| Variational Omni BNB | +0.0006% | 8h | 791.53 | −0.342% | $4.1M | $5.1M | — | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 791.78 | −0.310% | $9.7M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.366% | $19K | $789K | 30x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Gate BNB_USDT
dYdX BNB-USD
StandX BNB-USD
Variational Omni BNB
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERPShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0035% | 8h | 792.28 | −0.247% | $6.1M | $19.9M | 200x | as long as short |
| BingX BNB-USDT | +0.0045% | 8h | 791.78 | −0.310% | — | $35.0M | — | as long as short |
| Bybit BNBUSDTshort | +0.0045% | 8h | 791.41 | −0.356% | $137.7M | $77.0M | 75x | |
| Phemex BNBUSDT | +0.0047% | 8h | 792.34 | −0.239% | $69.2M | $50.4M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0056% | 1h | 791.91 | −0.293% | $608K | $1.1M | 50x | as long as short |
| Binance BNBUSDT | +0.0063% | 8h | 792.27 | −0.248% | $492.3M | $818.3M | 75x | as long as short |
| MEXC BNB_USDT | +0.0064% | 8h | 792.50 | −0.219% | $82.2M | $12.6M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 791.94 | −0.290% | $2.8M | $3.8M | 20x | as long as short |
| Phoenix BNB | +0.0099% | 1h | 794.51 | +0.034% | $171K | $36K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 791.69 | −0.321% | $383K | $468K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 791.80 | −0.307% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 792.53 | −0.215% | $52.5M | $20.2M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 791.99 | −0.283% | $1.2M | $932K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 791.50 | −0.345% | $53.2M | $110.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 792.40 | −0.232% | $52K | $134K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 791.54 | −0.340% | $27.7M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 791.57 | −0.336% | $77.5M | $28.1M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 794.42 | +0.022% | $4.1M | $76.1M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 794.47 | +0.029% | $160K | $435K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 791.66 | −0.325% | $112K | $889K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 791.87 | −0.298% | $32K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 792.25 | −0.251% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 791.90 | −0.295% | $389K | $996K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 791.74 | −0.314% | $8.1M | $8.5M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 792.51 | −0.218% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 791.46 | −0.350% | $1.7M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 791.82 | −0.305% | $380K | $110K | 10x | as long as short |
| RISEx BNB/USDC | +0.0131% | 1h | 792.16 | −0.261% | $1.1M | $1.4M | 20x | as long as short |
| Bulk BNB-USD | +0.0139% | 1h | 794.97 | +0.092% | $646K | $10K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0162% | 8h | 792.60 | −0.206% | $95K | $2.8M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0183% | 8h | 792.41 | −0.230% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0208% | 1h | 792.42 | −0.229% | $28K | $1K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 792.22 | −0.254% | $1.5M | $161K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0329% | 1h | 791.36 | −0.363% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0424% | 1h | 792.32 | −0.242% | $68K | $38K | 12x | as long as short |
| Backpack BNB_USDC_PERP | +0.0465% | 1h | 792.74 | −0.189% | $2.7M | $5.7M | 40x | as long as short |
Aster BNBUSDT
BingX BNB-USDT
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Binance BNBUSDT
MEXC BNB_USDT
Lighter BNB
Phoenix BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
RISEx BNB/USDC
Bulk BNB-USD
Kalshi KXBNBPERP
BloFin BNB-USDT
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
Backpack BNB_USDC_PERP