Funding you earn now, next payment 05:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h +0.030%
Price spread now: Polymarket Perps against GRVT−0.107%63s7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as 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−$240.237% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.107%, 7d avg −0.087%
=Together, before fees+0.073%+ Points / potential airdropGRVT: Active · farm board+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.087%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 63 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 | GRVT BNB_USDT_Perp | 788.76 | 0.0173 | pay 0.0173% / 8h | 3h 31m | $2.9M | $28.7M | 10x |
| Short | Polymarket Perps BNB-USD | 787.92 | 0.0100 | get 0.0013% / 1h | 31m 41s | $130K | $953K | 10x |
GRVT BNB_USDT_Perp
Polymarket Perps BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$15.33
- Price spread: −0.107% → −0.087%
- −$1.98
- Slippage, 4 orders
- −$6.68
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$40.99
- Costs to cover
- 0.237%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 2 min ago; Polymarket Perps: live order book, 21 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 | 4.8 bp −$48 | 19.3 bp −$1,929 | doesn't fit |
| Sell Polymarket Perps live order book, 21 min ago | 2.60 bp | 6.6 bp −$7 | 6.8 bp −$68 | 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 −0.0192% / S +0.0356% | 1h | 788.09 | −0.085% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0124% | 1h | 787.97 | −0.100% | $2.5M | $1.2M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.54 | −0.028% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.81 | +0.006% | $851K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 788.04 | −0.091% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0028% | 8h | 788.52 | −0.031% | $6.1M | $18.8M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.070% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDT | +0.0042% | 8h | 788.26 | −0.064% | — | $22.4M | — | as long as short |
| Binance BNBUSDT | +0.0049% | 8h | 788.58 | −0.023% | $491.8M | $798.6M | 75x | as long as short |
| MEXC BNB_USDT | +0.0049% | 8h | 789.00 | +0.030% | $80.0M | $12.0M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDT
Binance BNBUSDT
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0050% | 8h | 788.62 | −0.018% | $69.0M | $50.6M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 790.26 | +0.190% | $580K | $1.9M | 50x | as long as short |
| Phoenix BNB | +0.0092% | 1h | 788.77 | +0.001% | $169K | $35K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 788.23 | −0.068% | $2.7M | $3.8M | 20x | as long as short |
| dYdX BNB-USD | +0.0097% | 1h | 788.56 | −0.026% | $160K | $64K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 788.16 | −0.076% | $265K | $492K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 788.10 | −0.084% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 788.71 | −0.006% | $51.7M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 788.35 | −0.052% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 788.00 | −0.097% | $138.6M | $73.8M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 788.00 | −0.097% | $53.4M | $111.6M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 788.40 | −0.046% | $52K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 788.25 | −0.065% | $35.8M | $57.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.80 | −0.122% | $27.6M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.83 | −0.118% | $76.3M | $30.5M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 788.49 | −0.034% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 787.71 | −0.133% | $4.1M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 788.41 | −0.044% | $4.1M | $73.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.75 | −0.001% | $159K | $442K | 50x | as long as short |
| Polymarket Perps BNB-USDshort | +0.0100% | 1h | 787.92 | −0.107% | $130K | $953K | 10x | |
| Derive BNB-PERP | +0.0100% | 1h | 788.24 | −0.066% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 788.74 | −0.002% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 788.30 | −0.058% | $388K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.30 | −0.059% | $8.1M | $9.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 788.43 | −0.043% | $77K | $17K | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0102% | 8h | 788.80 | +0.005% | $126K | $2.7M | 4.8x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.82 | −0.119% | $1.9M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 788.23 | −0.068% | $379K | $110K | 10x | as long as short |
| BloFin BNB-USDT | +0.0170% | 8h | 788.91 | +0.019% | $18.1M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perplong | +0.0173% | 8h | 788.76 | long leg | $2.9M | $28.7M | 10x | |
| Bulk BNB-USD | +0.0219% | 1h | 788.52 | −0.031% | $639K | $9K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0240% | 1h | 788.63 | −0.017% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 788.53 | −0.029% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0325% | 1h | 787.84 | −0.116% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0408% | 1h | 788.24 | −0.066% | $67K | $39K | 12x | as long as short |
| RISEx BNB/USDC | +0.0431% | 1h | 788.57 | −0.024% | $1.1M | $893K | 20x | as long as short |
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Phoenix BNB
Lighter BNB
dYdX BNB-USD
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
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Kalshi KXBNBPERP
Extended BNB-USD
Aevo BNB-PERP
BloFin BNB-USDT
Bulk BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC