Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.009%
Price spread now: GRVT against KuCoin+0.039%7-day average +0.116% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$270.265% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 7 days+0.092%+$9 · spread now +0.039%, 7d avg +0.116%
=Together, before fees+0.112%+ Points / potential airdropGRVT: Active · farm board+$11 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 0.077% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.116%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BNBUSDTM | 787.52 | 0.0100 | pay 0.0100% / 8h | 4h 11m | $28.4M | $9.4M | 75x |
| Short | GRVT BNB_USDT_Perp | 787.83 | 0 | get 0.0000% / 8h | 4h 11m | $3.0M | $26.7M | 10x |
KuCoin BNBUSDTM
GRVT BNB_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against KuCoin. 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: +0.039% → +0.116%
- −$7.69
- Slippage, 4 orders
- −$5.5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$55.19
- Costs to cover
- 0.265%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 11 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 KuCoin live order book, 11 min ago | 0.44 bp | 9.6 bp −$10 | 18.4 bp −$184 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 6 min ago | 0.06 bp | 4.8 bp −$5 | 6.7 bp −$67 | 19.2 bp −$1,923 | doesn't fit |
BNB on 46 exchanges
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 −0.0166% / S +0.0336% | 1h | 787.70 | +0.023% | $43K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0138% | 1h | 787.93 | +0.052% | $2.6M | $1.4M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.71 | +0.024% | $4K | — | 25x | as long as short |
| Bybit BNBUSDT | −0.0076% | 8h | 787.37 | −0.019% | $139.2M | $63.2M | 75x | as long as short |
| BingX BNB-USDC | −0.0073% | 8h | 787.70 | +0.023% | — | $13.4M | — | as long as short |
| Aster BNBUSDT | 0.0000% | 8h | 788.33 | +0.103% | $5.9M | $16.2M | 200x | as long as short |
| GRVT BNB_USDT_Perpshort | 0.0000% | 8h | 787.83 | +0.039% | $3.0M | $26.7M | 10x | |
| StandX BNB-USD | 0.0000% | 1h | 787.50 | −0.003% | $849K | $3.1M | 30x | as long as short |
| MEXC BNB_USDT | +0.0003% | 8h | 789.60 | +0.264% | $83.8M | $11.6M | 200x | as long as short |
| Binance BNBUSDT | +0.0003% | 8h | 788.34 | +0.104% | $480.9M | $727.0M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Bybit BNBUSDT
BingX BNB-USDC
Aster BNBUSDT
StandX BNB-USD
MEXC BNB_USDT
Binance BNBUSDTShow all 46 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.75 | +0.029% | $9.5M | — | 150x | as long as short |
| BloFin BNB-USDT | +0.0014% | 8h | 788.25 | +0.093% | $18.5M | $2.2M | 75x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.231% | $19K | $789K | 30x | as long as short |
| Variational Omni BNB | +0.0048% | 8h | 786.83 | −0.088% | $4.3M | $3.7M | — | as long as short |
| Phemex BNBUSDT | +0.0078% | 8h | 788.57 | +0.133% | $68.4M | $48.4M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 788.11 | +0.076% | $2.7M | $3.0M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.37 | −0.019% | $1.3M | $2.2M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 788.48 | +0.122% | $52.2M | $16.1M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.76 | +0.031% | $1.2M | $484K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.50 | −0.003% | $53.5M | $96.8M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.70 | +0.023% | $57K | $48K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.80 | +0.036% | $42.9M | $52.1M | 75x | as long as short |
| KuCoin BNBUSDTMlong | +0.0100% | 8h | 787.52 | long leg | $28.4M | $9.4M | 75x | |
| Bitget BNBUSDT | +0.0100% | 8h | 787.54 | +0.003% | $76.1M | $30.2M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 788.34 | +0.104% | $2.2M | $6.0M | 40x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.73 | +0.026% | $4.1M | $69.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.04 | +0.066% | $159K | $462K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.47 | −0.006% | $125K | $908K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.83 | +0.039% | $265K | $257K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 787.93 | +0.053% | $31K | $10K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 788.46 | +0.119% | $12K | $1.2M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 788.10 | +0.074% | $387K | $909K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 788.10 | +0.074% | $1.5M | $128K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.21 | +0.087% | $8.0M | $9.7M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.93 | +0.053% | $78K | $1.3M | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0101% | 8h | 788.00 | +0.061% | $173K | $2.4M | 4.8x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.22 | −0.039% | $1.8M | $5.4M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.92 | +0.050% | $378K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0116% | 1h | 787.97 | +0.057% | $158K | $45K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0136% | 1h | 787.88 | +0.046% | $534K | $1.7M | 50x | as long as short |
| dYdX BNB-USD | +0.0179% | 1h | 787.62 | +0.012% | $158K | $31K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0216% | 1h | 787.50 | −0.003% | $67K | $26K | 12x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 788.10 | +0.074% | $28K | $2K | 10x | as long as short |
| Bulk BNB-USD | +0.0270% | 1h | 787.94 | +0.053% | $638K | $13K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0315% | 1h | 787.23 | −0.036% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0391% | 1h | 787.73 | +0.026% | $1.1M | $860K | 20x | as long as short |
gTrade (Gains Network) BNB/USD
BloFin BNB-USDT
Injective BNB/USDC PERP
Variational Omni BNB
Phemex BNBUSDT
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
Bitget BNBUSDT
Backpack BNB_USDC_PERP
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Kalshi KXBNBPERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Coinbase International BNB-PERP-INTX
dYdX BNB-USD
Hibachi BNB/USDT-P
01 Exchange BNBUSD
Bulk BNB-USD
Reya BNBRUSDPERP
RISEx BNB/USDC