BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0081%/8h= −8.9% APRnext payment −$0.81 per $10,000 · paid last 24h +0.012%

Price spread now: GRVT against BloFin+0.055%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$210.211% of the position

Long on BloFin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.055%, 7d avg +0.001%

Together, before fees0.000%+ Points / potential airdropGRVT: Active · farm board$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.054% dearer against BloFin than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of +0.001%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BTC-USDT	86,634.4	0.0181	pay 0.0181% / 8h	1h 38m	$415.3M	$652.1M	150x
Short	GRVT BTC_USDT_Perp	86,681.9	0.0100	get 0.0100% / 8h	1h 38m	$217.5M	$175.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against BloFin. 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

Position, each leg$Hold fordaysFee BloFinbpFee GRVTbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$17.11
Price spread: +0.055% → +0.001%: $5.43
Slippage, 4 orders: −$0.1
Fee BloFin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$32.78
Costs to cover: 0.211%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 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 BloFin live order book, 6 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	6.1 bp −$614	doesn't fit
Sell GRVT live order book, 6 min ago	0.01 bp	4.5 bp −$5	4.5 bp −$45	4.7 bp −$472	8.5 bp −$4,225

BTC on 56 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
Bluefin BTC-PERP	−0.0809%	1h	86,685.1	+0.059%	$141K	$618K	40x	as long as short
Aftermath Perps BTCUSD	−0.0161%	1h	86,650.9	+0.019%	$83K	$206K	20x	as long as short
Phoenix BTC	−0.0159%	1h	86,688	+0.062%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,615	−0.022%	$9K	$3K	50x	as long as short
dYdX BTC-USD	−0.0011%	1h	86,628.7	−0.007%	$17.5M	$20.3M	50x	as long as short
01 Exchange BTCUSD	−0.0008%	1h	86,659.3	+0.029%	$359K	$2.4M	50x	as long as short
Aster BTCUSDT	−0.0007%	8h	86,653.8	+0.022%	$505.7M	$1.15B	200x	as long as short
Perpl BTC	0.0000%	43m	86,655	+0.024%	$419K	$23.9M	6.7x	as long as short
KuCoin XBTUSDTM	+0.0001%	8h	86,653.1	+0.022%	$852.2M	$707.5M	125x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,682.4	+0.055%	$36.9M	—	200x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit BTC-PERPETUAL	+0.0005%	1h	86,672.4	+0.044%	$925.6M	$1.47B	50x	as long as short
RISEx BTC/USDC	+0.0006%	1h	86,639.3	+0.006%	$8.6M	$43.2M	25x	as long as short
Reya BTCRUSDPERP	+0.0022%	1h	86,651.6	+0.020%	$6.7M	$144.8M	40x	as long as short
Phemex BTCUSDT	+0.0023%	8h	86,634.4	0.000%	$150.1M	$473.5M	150x	as long as short
Injective BTC/USDC PERP	+0.0024%	1h	86,559	−0.087%	$315K	$26.8M	52x	as long as short
BingX BTC-USDT	+0.0032%	8h	86,662.4	+0.032%	—	$1.59B	—	as long as short
Hibachi BTC/USDT-P	+0.0032%	1h	86,713.3	+0.091%	$733K	$8.2M	30x	as long as short
Bitget BTCUSDT	+0.0042%	8h	86,640.8	+0.007%	$2.96B	$5.07B	150x	as long as short
MEXC BTC_USDT	+0.0061%	8h	86,661.2	+0.031%	$5.19B	$5.64B	500x	as long as short
Binance BTCUSDT	+0.0061%	8h	86,662.8	+0.033%	$9.43B	$24.30B	150x	as long as short
Aevo BTC-PERP	+0.0064%	1h	86,631.1	−0.004%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0077%	8h	86,657	+0.026%	$5.86B	$10.65B	200x	as long as short
Bybit BTCUSDT	+0.0090%	8h	86,661.9	+0.032%	$5.28B	$9.69B	150x	as long as short
Lighter BTC	+0.0096%	1h	86,628.3	−0.007%	$172.1M	$1.00B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,628.5	−0.007%	$24.1M	$151.8M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,654	+0.023%	$8.5M	$52.2M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,617	−0.020%	$204K	$6.9M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,659.7	+0.029%	$4.8M	$8.4M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,637	+0.003%	$21.8M	$233.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,736	+0.117%	$3.82B	$5.08B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,650	+0.018%	$41.1M	$505.2M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,666.6	+0.037%	$2.55B	$12.70B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,623	−0.013%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,701.3	+0.077%	$7.4M	$93.8M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,703.1	+0.079%	$573.0M	$18.8M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,633.8	−0.001%	$38.4M	$153.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,696.3	+0.071%	$156.8M	$565.9M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,683.8	+0.057%	$280.1M	$943.6M	100x	as long as short
GRVT BTC_USDT_Perpshort	+0.0100%	8h	86,681.9	+0.055%	$217.5M	$175.1M	50x
ApeX Omni BTCUSDT	+0.0100%	1h	86,693.4	+0.068%	$141.7M	$323.1M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,679.7	+0.052%	$30.8M	$203.3M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,700.9	+0.077%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,661	+0.031%	$11.1M	$13.6M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,666.6	+0.037%	$193K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,664.9	+0.035%	$2.4M	$8.6M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,633.7	−0.001%	$30.0M	$61.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,629.4	−0.006%	$3.4M	$5.4M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,634	0.000%	$60.5M	$337.0M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,630.5	−0.005%	$2.30B	$964.0M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,618.7	−0.018%	$46.3M	$225.2M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,662.4	+0.032%	—	$98.2M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,686	+0.060%	$131.7M	$5.72B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,675.7	+0.048%	$191.8M	$936.8M	100x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0180% / S −0.0208%	1h	86,678.6	+0.051%	$15.1M	—	200x	as long as short
BloFin BTC-USDTlong	+0.0181%	8h	86,634.4	long leg	$415.3M	$652.1M	150x
Kalshi KXBTCPERP	+0.0193%	8h	86,676	+0.048%	$9.6M	$727.5M	6.4x	as long as short