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

BTC

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

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 −0.007%
Price spread now: GRVT against Bitget−0.007%83s7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as 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−$210.210% of the position
Long on BitgetShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days+0.020%+$2 on $10k
Price spread, last 7 days−0.006%−$1 · spread now −0.007%, 7d avg +0.003%
Together, before fees+0.014%+ Points / potential airdropGRVT: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BTCUSDT86,7650.0036pay 0.0036% / 8h2h 16m$2.96B$5.08B150x
ShortGRVT BTC_USDT_Perp86,759.30.0100get 0.0100% / 8h2h 16m$217.9M$187.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

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

Funding on every exchange

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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: −0.007% → +0.003%
−$0.98
Slippage, 4 orders
−$0.02
Fee Bitget: 6 bp × 2 orders
−$12
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$8.56
Costs to cover
0.210%
Break-even
11.5 days
Slippage from Bitget: live order book, 3 min ago; GRVT: live order book, 3 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 Bitget live order book, 3 min ago0.01 bp6.0 bp −$66.2 bp −$627.6 bp −$759doesn't fit
Sell GRVT live order book, 3 min ago0.01 bp4.5 bp −$54.5 bp −$454.7 bp −$470331.9 bp −$165.9K

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
Aftermath Perps BTCUSD−0.0241%1h86,779.3+0.016%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,837.5+0.084%$426K$24.7M6.7xas long as short
Phoenix BTC−0.0103%1h86,739−0.030%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,814+0.056%$9K$3K50xas long as short
dYdX BTC-USD−0.0062%1h86,831.2+0.076%$17.6M$20.6M50xas long as short
01 Exchange BTCUSD0.0000%1h86,828.3+0.073%$362K$2.4M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,815.7+0.058%$36.9M—200xas long as short
KuCoin XBTUSDTM+0.0005%8h86,784.2+0.022%$851.0M$707.6M125xas long as short
Aster BTCUSDT+0.0008%8h86,784.5+0.022%$506.8M$1.16B200xas long as short
Deribit BTC-PERPETUAL+0.0014%1h86,823+0.067%$931.7M$1.47B50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BTCUSDT+0.0021%8h86,781.5+0.019%$150.4M$472.4M150xas long as short
Reya BTCRUSDPERP+0.0021%1h86,786.2+0.024%$6.8M$144.4M40xas long as short
BingX BTC-USDT+0.0028%8h86,772.6+0.009%—$1.60B—as long as short
Bitget BTCUSDTlong+0.0036%8h86,765long leg$2.96B$5.08B150x
Injective BTC/USDC PERP+0.0049%1h86,639−0.145%$315K$26.8M52xas long as short
MEXC BTC_USDT+0.0060%8h86,784.2+0.022%$5.20B$5.71B500xas long as short
Binance BTCUSDT+0.0060%8h86,783.3+0.021%$9.44B$24.36B150xas long as short
RISEx BTC/USDC+0.0063%1h86,814.3+0.057%$9.2M$41.8M25xas long as short
Aevo BTC-PERP+0.0064%1h86,790.2+0.029%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0083%8h86,786.8+0.025%$5.85B$10.68B200xas long as short
Bybit BTCUSDT+0.0085%8h86,786.2+0.024%$5.29B$9.71B150xas long as short
OKX BTC-USDT-SWAP+0.0088%8h86,785.5+0.024%$2.56B$12.76B100xas long as short
Lighter BTC+0.0096%1h86,795.5+0.035%$172.0M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,803.9+0.045%$24.2M$154.1M50xas long as short
Popdex BTCUSDT+0.0096%1h86,801+0.041%$8.5M$52.3M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,791+0.030%$201K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,872.7+0.124%$4.8M$8.2M50xas long as short
Nado BTC-PERP+0.0100%1h86,820.8+0.064%$21.8M$235.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,839+0.085%$3.82B$5.12B40xas long as short
Pacifica BTC+0.0100%1h86,856.9+0.106%$41.0M$494.9M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,814+0.056%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,874.7+0.126%$7.5M$94.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,792.1+0.031%$573.3M$22.0M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,772.1+0.008%$38.1M$149.2M75xas long as short
Variational Omni BTC+0.0100%8h86,754.4−0.012%$159.6M$567.2M—as long as short
edgeX BTCUSDC+0.0100%4h86,765.9+0.001%$280.3M$952.3M100xas long as short
GRVT BTC_USDT_Perpshort+0.0100%8h86,759.3−0.007%$217.9M$187.7M50x
ApeX Omni BTCUSDT+0.0100%1h86,779.4+0.017%$141.7M$322.6M100xas long as short
StandX BTC-USD+0.0100%1h86,754.7−0.012%$30.8M$204.2M40xas long as short
Vest BTC-PERP+0.0100%1h86,862.8+0.113%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,806+0.047%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,795+0.035%$195K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,809.2+0.051%$2.5M$8.5M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,816.8+0.060%$141K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,800.1+0.040%$30.1M$61.8M15xas long as short
SunX BTC-USDT+0.0100%8h86,824.2+0.068%$3.4M$5.5M100xas long as short
SoDEX BTC-USD+0.0100%1h86,782+0.020%$60.6M$336.5M40xas long as short
HTX BTC-USDT+0.0100%8h86,785+0.023%$2.31B$959.0M200xas long as short
Extended BTC-USD+0.0104%1h86,770.5+0.006%$46.3M$226.8M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,816.7+0.060%—$98.9M500xas long as short
Kraken Futures PF_XBTUSD+0.0116%1h86,815.3+0.058%$188.2M$934.1M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,824.6+0.069%$132.1M$5.86B50xas long as short
Kalshi KXBTCPERP+0.0157%8h86,849+0.097%$9.7M$727.4M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0209%1h86,810.6+0.053%$15.0M—200xas long as short
BloFin BTC-USDT+0.0180%8h86,825.5+0.070%$415.9M$656.5M150xas long as short
Hibachi BTC/USDT-P+0.0208%1h86,850.2+0.098%$645K$7.6M30xas long as short