Funding you earn now, next payment 08:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.34 per $10,000 · paid last 24h +0.030%
Price spread now: HTX against GRVT−0.137%7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$300.303% of the position
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 4 days (all we have)−0.095%−$9 · spread now −0.137%, 7d avg −0.095%
=Together, before fees−0.073%+ Points / potential airdropGRVT: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.042% cheaper against GRVT than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.095%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT BNB_USDT_Perp | 789.57 | 0.0134 | pay 0.0134% / 8h | 4h 47m | $2.9M | $28.0M | 10x |
| Short | HTX BNB-USDT | 788.49 | 0.0100 | get 0.0100% / 8h | 4h 47m | $8.1M | $9.3M | 75x |
GRVT BNB_USDT_Perp
HTX BNB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$7.14
- Price spread: −0.137% → −0.095%
- −$4.17
- Slippage, 4 orders
- −$9.33
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$41.64
- Costs to cover
- 0.303%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 2 min ago; HTX: live order book, 2 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, 2 min ago | 0.06 bp | 4.6 bp −$5 | 5.4 bp −$54 | 2266.4 bp −$226.6K | doesn't fit |
| Sell HTX live order book, 2 min ago | 3.14 bp | 9.2 bp −$9 | 9.8 bp −$98 | 43.8 bp −$4,384 | 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 −0.0183% / S +0.0349% | 1h | 788.63 | −0.119% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.72 | −0.108% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 789.37 | −0.025% | $853K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 788.59 | −0.124% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.966% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0041% | 8h | 788.94 | −0.080% | $6.1M | $18.7M | 200x | as long as short |
| BingX BNB-USDC | +0.0056% | 8h | 788.46 | −0.141% | — | $13.4M | — | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0064% | 1h | 790.64 | +0.136% | $583K | $1.9M | 50x | as long as short |
| MEXC BNB_USDT | +0.0066% | 8h | 789.20 | −0.047% | $80.1M | $12.2M | 200x | as long as short |
| Binance BNBUSDT | +0.0067% | 8h | 789.05 | −0.066% | $492.3M | $789.7M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDC
Coinbase International BNB-PERP-INTX
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0073% | 8h | 789.03 | −0.068% | $69.1M | $50.0M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 788.48 | −0.137% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 788.46 | −0.141% | $265K | $498K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 788.00 | −0.199% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 789.24 | −0.042% | $51.8M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 788.67 | −0.114% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 788.20 | −0.173% | $138.6M | $74.9M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 788.20 | −0.173% | $53.3M | $111.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 789.00 | −0.072% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 788.55 | −0.129% | $35.3M | $56.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 788.38 | −0.151% | $27.6M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 788.11 | −0.185% | $76.3M | $30.4M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 788.93 | −0.081% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 789.11 | −0.058% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 789.39 | −0.022% | $4.1M | $74.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 789.41 | −0.020% | $159K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 788.83 | −0.094% | $133K | $950K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 788.52 | −0.133% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 789.32 | −0.032% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 788.50 | −0.135% | $388K | $1.0M | 10x | as long as short |
| HTX BNB-USDTshort | +0.0100% | 8h | 788.49 | −0.137% | $8.1M | $9.3M | 75x | |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 789.37 | −0.025% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.94 | −0.206% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 788.46 | −0.140% | $379K | $110K | 10x | as long as short |
| dYdX BNB-USD | +0.0114% | 1h | 788.41 | −0.147% | $159K | $64K | 10x | as long as short |
| Phoenix BNB | +0.0117% | 1h | 789.31 | −0.033% | $170K | $35K | 10x | as long as short |
| GRVT BNB_USDT_Perplong | +0.0134% | 8h | 789.57 | long leg | $2.9M | $28.0M | 10x | |
| Kalshi KXBNBPERP | +0.0183% | 8h | 789.10 | −0.060% | $124K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0187% | 8h | 789.38 | −0.024% | $18.1M | $2.2M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0224% | 1h | 789.48 | −0.011% | $28K | $4K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0264% | 1h | 788.09 | −0.187% | $2.5M | $1.2M | 50x | as long as short |
| Bulk BNB-USD | +0.0296% | 1h | 791.64 | +0.262% | $641K | $9K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 788.83 | −0.094% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0326% | 1h | 788.30 | −0.160% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0461% | 1h | 789.17 | −0.051% | $1.1M | $975K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0528% | 1h | 788.77 | −0.101% | $67K | $38K | 12x | as long as short |
Phemex BNBUSDT
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
dYdX BNB-USD
Phoenix BNB
Kalshi KXBNBPERP
BloFin BNB-USDT
01 Exchange BNBUSD
Kraken Futures PF_BNBUSD
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P