Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.024%
Price spread now: GRVT against Orderly+0.024%50s7-day average +0.051% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 3 days (all we have)+0.006%+$1 · spread now +0.024%, 7d avg +0.051%
=Together, before fees−0.016%+ Points / potential airdropGRVT: Active · farm board−$2 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 0.026% cheaper against Orderly than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.051%). Swap the legs. The two prices were read 50 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 | Orderly PERP_BNB_USDC | 798.41 | 0.0100 | pay 0.0100% / 8h | 7m 35s | $386K | $494K | 50x |
| Short | GRVT BNB_USDT_Perp | 798.60 | 0 | get 0.0000% / 8h | 7m 35s | $3.0M | $27.9M | 10x |
Orderly PERP_BNB_USDC
GRVT BNB_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Orderly. 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: +0.024% → +0.051%
- −$2.62
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$38.62
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; GRVT: live order book, 7 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 7 min ago | 0.06 bp | 4.6 bp −$5 | 6.0 bp −$60 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 798.59 | +0.023% | $47K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 798.65 | +0.030% | $4K | $1K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0074% | 1h | 798.47 | +0.008% | $2.5M | $974K | 50x | as long as short |
| GRVT BNB_USDT_Perpshort | 0.0000% | 8h | 798.60 | +0.024% | $3.0M | $27.9M | 10x | |
| StandX BNB-USD | 0.0000% | 1h | 798.90 | +0.061% | $863K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 798.56 | +0.019% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0008% | 8h | 797.53 | −0.110% | $4.0M | $5.4M | — | as long as short |
| BingX BNB-USDC | +0.0033% | 8h | 798.32 | −0.011% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0037% | 8h | 798.10 | −0.039% | $138.5M | $76.8M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 798.14 | −0.034% | $601K | $984K | 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 | +0.0080% | 8h | 798.78 | +0.047% | $6.2M | $19.2M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 798.51 | +0.012% | $2.8M | $4.1M | 20x | as long as short |
| Phemex BNBUSDT | +0.0097% | 8h | 799.03 | +0.078% | $69.9M | $50.6M | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 798.15 | −0.033% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 798.55 | +0.018% | $1.2M | $925K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 798.10 | −0.039% | $54.3M | $112.6M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 798.50 | +0.011% | $53K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 798.00 | −0.051% | $35.7M | $58.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 798.23 | −0.023% | $28.0M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 797.88 | −0.066% | $79.0M | $27.5M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 798.68 | +0.034% | $4.1M | $76.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.23 | +0.103% | $161K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 798.38 | −0.004% | $116K | $874K | 10x | as long as short |
| Orderly PERP_BNB_USDClong | +0.0100% | 8h | 798.41 | long leg | $386K | $494K | 50x | |
| Derive BNB-PERP | +0.0100% | 1h | 798.67 | +0.032% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 799.08 | +0.083% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 798.80 | +0.049% | $393K | $1.0M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 798.97 | +0.070% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 798.43 | +0.002% | $8.2M | $8.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 798.95 | +0.068% | $78K | $19K | 50x | as long as short |
| MEXC BNB_USDT | +0.0101% | 8h | 799.10 | +0.086% | $83.0M | $13.6M | 200x | as long as short |
| Binance BNBUSDT | +0.0101% | 8h | 798.47 | +0.008% | $497.3M | $817.8M | 75x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 797.74 | −0.083% | $1.7M | $6.5M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 798.73 | +0.040% | $384K | $40K | 10x | as long as short |
| Phoenix BNB | +0.0127% | 1h | 799.20 | +0.099% | $172K | $36K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0145% | 8h | 799.00 | +0.074% | $90K | $2.9M | 4.8x | as long as short |
| Hibachi BNB/USDT-P | +0.0160% | 1h | 798.58 | +0.021% | $70K | $43K | 12x | as long as short |
| Bulk BNB-USD | +0.0191% | 1h | 798.83 | +0.052% | $649K | $17K | 10x | as long as short |
| BloFin BNB-USDT | +0.0223% | 8h | 798.84 | +0.054% | $18.1M | $2.5M | 75x | as long as short |
| Hyperliquid BNB | +0.0234% | 1h | 799.11 | +0.088% | $52.5M | $20.8M | 10x | as long as short |
| RISEx BNB/USDC | +0.0258% | 1h | 798.16 | −0.031% | $1.1M | $1.4M | 20x | as long as short |
| 01 Exchange BNBUSD | +0.0272% | 1h | 798.68 | +0.034% | $28K | $1K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0306% | 1h | 805.09 | +0.837% | $19K | $789K | 30x | as long as short |
| Reya BNBRUSDPERP | +0.0331% | 1h | 798.11 | −0.038% | $6K | $3K | 40x | as long as short |
| dYdX BNB-USD | +0.0335% | 1h | 798.04 | −0.047% | $161K | $63K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0343% | 1h | 799.36 | +0.119% | $2.7M | $5.7M | 40x | as long as short |
Aster BNBUSDT
Lighter BNB
Phemex BNBUSDT
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
MEXC BNB_USDT
Binance BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Kalshi KXBNBPERP
Hibachi BNB/USDT-P
Bulk BNB-USD
BloFin BNB-USDT
Hyperliquid BNB
RISEx BNB/USDC
01 Exchange BNBUSD
Injective BNB/USDC PERP
Reya BNBRUSDPERP
dYdX BNB-USD
Backpack BNB_USDC_PERP