Settings8H · net · $10k
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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.64 per $10,000 · paid last 24h −0.003%
Price spread now: GRVT against BingX+0.095%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$190.190% of the position
Long on BingXShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days+0.025%+$3 on $10k
Price spread, last 7 days−0.100%−$10 · spread now +0.095%, 7d avg +0.002%
Together, before fees−0.075%+ Points / potential airdropGRVT: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GRVT is 0.092% dearer against BingX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BTC-USDT86,402.50.0036pay 0.0036% / 8h1h 17m—$1.59B—
ShortGRVT BTC_USDT_Perp86,484.20.0100get 0.0100% / 8h1h 17m$217.3M$176.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$13.44
Price spread: +0.095% → +0.002%
$9.23
Slippage, 4 orders
−$0.05
Fee BingX: 5 bp × 2 orders
−$10
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
$3.63
Costs to cover
0.190%
Break-even
5.1 days
Slippage from BingX: live order book, 2 min ago; GRVT: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 2 min ago0.02 bp5.0 bp −$55.0 bp −$505.2 bp −$5165.5 bp −$2,735
Sell GRVT live order book, 2 min ago0.01 bp4.5 bp −$54.5 bp −$458.4 bp −$844doesn't fit

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin BTC-PERP−0.0795%1h86,419.3+0.019%$140K$620K40xas long as short
Phoenix BTC−0.0159%1h86,503+0.116%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,431+0.033%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0016%1h86,439.2+0.042%$358K$2.4M50xas long as short
Aster BTCUSDT−0.0009%8h86,428.2+0.030%$503.8M$1.15B200xas long as short
Perpl BTC0.0000%43m86,459.6+0.066%$423K$23.7M6.7xas long as short
KuCoin XBTUSDTM+0.0002%8h86,397.3−0.006%$851.4M$711.6M125xas long as short
dYdX BTC-USD+0.0004%1h86,452.8+0.058%$17.0M$21.1M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,422.8+0.023%$36.8M—200xas long as short
RISEx BTC/USDC+0.0006%1h86,439+0.042%$8.5M$42.9M25xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps BTCUSD+0.0011%1h86,486.3+0.097%$82K$217K20xas long as short
Reya BTCRUSDPERP+0.0023%1h86,398.5−0.005%$6.7M$145.0M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,559+0.181%$315K$26.8M52xas long as short
Phemex BTCUSDT+0.0035%8h86,482.4+0.092%$149.9M$476.9M150xas long as short
BingX BTC-USDTlong+0.0036%8h86,402.5long leg—$1.59B—
Deribit BTC-PERPETUAL+0.0044%1h86,517.8+0.133%$921.0M$1.48B50xas long as short
Bitget BTCUSDT+0.0046%8h86,400−0.003%$2.95B$5.10B150xas long as short
MEXC BTC_USDT+0.0064%8h86,400.4−0.002%$5.13B$5.70B500xas long as short
Aevo BTC-PERP+0.0064%1h86,395.1−0.009%$2.4M$1.3M20xas long as short
Binance BTCUSDT+0.0064%8h86,403.8+0.001%$9.43B$24.43B150xas long as short
Gate BTC_USDT+0.0079%8h86,406.3+0.004%$5.84B$10.74B200xas long as short
Bybit BTCUSDT+0.0092%8h86,404+0.002%$5.25B$9.77B150xas long as short
Lighter BTC+0.0096%1h86,442+0.046%$170.5M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,454.4+0.060%$24.1M$152.4M50xas long as short
Popdex BTCUSDT+0.0096%1h86,428+0.030%$8.5M$52.3M100xas long as short
Hibachi BTC/USDT-P+0.0096%1h86,499.1+0.112%$717K$8.2M30xas long as short
Katana Perps BTC-USD+0.0100%8h86,408+0.006%$199K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,470.8+0.079%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,454.1+0.060%$21.8M$234.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,475+0.084%$3.80B$5.09B40xas long as short
Pacifica BTC+0.0100%1h86,464.8+0.072%$40.8M$513.8M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,403.3+0.001%$2.54B$12.72B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,433+0.035%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,491.5+0.103%$7.4M$94.6M40xas long as short
Bulk BTC-USD+0.0100%1h86,498.7+0.111%$571.7M$18.6M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,440.2+0.044%$37.8M$155.1M75xas long as short
Variational Omni BTC+0.0100%8h86,498.8+0.111%$156.2M$568.5M—as long as short
edgeX BTCUSDC+0.0100%4h86,531.2+0.149%$279.7M$948.9M100xas long as short
GRVT BTC_USDT_Perpshort+0.0100%8h86,484.2+0.095%$217.3M$176.0M50x
ApeX Omni BTCUSDT+0.0100%1h86,540.1+0.159%$141.5M$323.4M100xas long as short
StandX BTC-USD+0.0100%1h86,483+0.093%$30.7M$203.7M40xas long as short
Vest BTC-PERP+0.0100%1h86,478.9+0.088%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,413+0.012%$11.1M$13.7M50xas long as short
Bullet BTC-USD+0.0100%1h86,402.50.000%$189K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,408.7+0.007%$2.4M$8.7M100xas long as short
Derive BTC-PERP+0.0100%1h86,407.4+0.006%$30.4M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,454.2+0.060%$3.4M$5.4M100xas long as short
SoDEX BTC-USD+0.0100%1h86,481+0.091%$60.4M$337.2M40xas long as short
HTX BTC-USDT+0.0100%8h86,466.3+0.074%$2.30B$968.4M200xas long as short
Extended BTC-USD+0.0104%1h86,386.1−0.019%$45.5M$226.0M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,449.7+0.055%—$98.8M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,520.1+0.136%$131.8M$5.70B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,504.3+0.118%$191.3M$943.6M100xas long as short
BloFin BTC-USDT+0.0184%8h86,473.9+0.083%$414.0M$654.4M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0185% / S −0.0211%1h86,415.2+0.015%$15.2M—200xas long as short
Kalshi KXBTCPERP+0.0199%8h86,498+0.111%$9.8M$733.9M6.4xas long as short