Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%
Price spread now: GRVT against Backpack+0.013%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$190.190% of the position
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 7 days+0.461%+$46 · spread now +0.013%, 7d avg +0.008%
=Together, before fees+0.584%+ Points / potential airdropGRVT: Active · farm board+$58 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack BTC_USDC_PERP | 85,630.9 | 0.0100 | pay 0.0013% / 1h | 10m 40s | $35.3M | $166.4M | 75x |
| Short | GRVT BTC_USDT_Perp | 85,642.4 | 0.0100 | get 0.0100% / 8h | 6h 10m | $214.9M | $164.7M | 50x |
Backpack BTC_USDC_PERP
GRVT BTC_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Backpack. 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
- $0
- Price spread: +0.013% → +0.008%
- $0.55
- Slippage, 4 orders
- −$0.02
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$18.47
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 4 min ago; GRVT: 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 Backpack live order book, 4 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.9 bp −$595 | 25.2 bp −$12.6K |
| Sell GRVT live order book, 4 min ago | 0.01 bp | 4.5 bp −$5 | 4.5 bp −$45 | 5.1 bp −$511 | 8.9 bp −$4,432 |
BTC on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0144% | 1h | 85,649 | +0.021% | $2.2M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,650 | +0.022% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0064% | 1h | 85,623.4 | −0.009% | $361K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | +0.0002% | 1h | 85,602.9 | −0.033% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,629.4 | −0.002% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,682 | +0.060% | $340K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0026% | 8h | 85,592.8 | −0.044% | $515.8M | $1.13B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0028% | 8h | 85,574.9 | −0.065% | $899.8M | $753.2M | 125x | as long as short |
| Nado BTC-PERP | +0.0038% | 1h | 85,637.8 | +0.008% | $22.7M | $227.6M | 50x | as long as short |
| HTX BTC-USDT | +0.0043% | 8h | 85,627.1 | −0.004% | $2.27B | $947.7M | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
Aster BTCUSDT
KuCoin XBTUSDTM
Nado BTC-PERP
HTX BTC-USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx BTC/USDC | +0.0044% | 1h | 85,608.5 | −0.026% | $8.2M | $42.1M | 25x | as long as short |
| BingX BTC-USDT | +0.0056% | 8h | 85,585.7 | −0.053% | — | $1.56B | — | as long as short |
| Reya BTCRUSDPERP | +0.0060% | 1h | 85,610.3 | −0.024% | $6.7M | $146.3M | 40x | as long as short |
| Bitget BTCUSDT | +0.0070% | 8h | 85,575.4 | −0.065% | $2.95B | $5.08B | 150x | as long as short |
| SunX BTC-USDT | +0.0071% | 8h | 85,593.1 | −0.044% | $2.9M | $6.6M | 100x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,635.5 | +0.005% | $2.5M | $1.8M | 20x | as long as short |
| Binance BTCUSDT | +0.0086% | 8h | 85,583.6 | −0.055% | $9.32B | $24.27B | 150x | as long as short |
| MEXC BTC_USDT | +0.0086% | 8h | 85,578.7 | −0.061% | $5.07B | $5.75B | 500x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,586.7 | −0.052% | $170.4M | $994.2M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,620.8 | −0.012% | $23.5M | $147.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,627 | −0.005% | $8.4M | $51.9M | 100x | as long as short |
| Gate BTC_USDT | +0.0098% | 8h | 85,629.5 | −0.002% | $5.59B | $10.58B | 200x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,641 | +0.012% | $3.8M | $8.4M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,593 | −0.044% | $203K | $7.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,646.9 | +0.019% | $140.0M | $318.1M | 100x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,683 | +0.061% | $3.76B | $4.99B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,623 | −0.009% | $40.7M | $571.9M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,590.7 | −0.047% | $5.31B | $9.74B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,581.1 | −0.058% | $2.55B | $12.30B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,587 | −0.051% | $3.9M | $18.2M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,552.5 | −0.092% | $7.2M | $96.9M | 40x | as long as short |
| Backpack BTC_USDC_PERPlong | +0.0100% | 1h | 85,630.9 | long leg | $35.3M | $166.4M | 75x | |
| Variational Omni BTC | +0.0100% | 8h | 85,606.4 | −0.029% | $156.1M | $555.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,623.5 | −0.009% | $278.5M | $942.0M | 100x | as long as short |
| GRVT BTC_USDT_Perpshort | +0.0100% | 8h | 85,642.4 | +0.013% | $214.9M | $164.7M | 50x | |
| StandX BTC-USD | +0.0100% | 1h | 85,652.8 | +0.026% | $30.3M | $209.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,681.9 | +0.060% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,615 | −0.019% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,620.4 | −0.012% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,638.3 | +0.009% | $2.4M | $9.1M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,688.4 | +0.067% | $187K | $712K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,638.6 | +0.009% | $30.0M | $55.9M | 15x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,649 | +0.021% | $60.0M | $336.8M | 40x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,646.6 | +0.018% | $152.4M | $481.3M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,673.6 | +0.050% | $597.8M | $234.3M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,557.1 | −0.086% | $44.0M | $227.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,631.5 | +0.001% | — | $102.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,681.3 | +0.059% | $131.3M | $5.15B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0146% | 1h | 85,670.1 | +0.046% | $187.8M | $963.3M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0160% | 1h | 85,699.3 | +0.080% | $679K | $7.8M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0174% | 1h | 85,676.1 | +0.053% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0187% | 1h | 85,629.2 | −0.002% | $13.6M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0209% | 1h | 85,692.9 | +0.072% | $894.9M | $1.54B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0212% | 8h | 85,660 | +0.034% | $10.2M | $770.5M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,671.5 | +0.047% | $512K | $20.4M | 6.7x | as long as short |
RISEx BTC/USDC
BingX BTC-USDT
Reya BTCRUSDPERP
Bitget BTCUSDT
SunX BTC-USDT
Aevo BTC-PERP
Binance BTCUSDT
MEXC BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Gate BTC_USDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
ApeX Omni BTCUSDT
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Variational Omni BTC
edgeX BTCUSDC
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SoDEX BTC-USD
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
Perpl BTC