BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.21 per $10,000 · paid last 24h −0.023%

Price spread now: GRVT against Bybit−0.054%110s7-day average +0.002% · 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−$200.200% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.054%, 7d avg +0.002%

Together, before fees+0.059%+ Points / potential airdropGRVT: Active · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.056% cheaper against Bybit than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of +0.002%). If the spread goes back, that is −$6 on $10k: about 9.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.009% in total) that is about 42 days. The two prices were read 110 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	Bybit BTCUSDT	86,666.7	0.0079	pay 0.0079% / 8h	2h 37m	$5.28B	$9.66B	150x
Short	GRVT BTC_USDT_Perp	86,620.3	0.0100	get 0.0100% / 8h	2h 37m	$217.5M	$188.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bybit. 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 BybitbpFee GRVTbpOrdersPrice spread, now −0.054%Rate

Funding earned: $4.35
Price spread: −0.054% → +0.002%: −$5.58
Slippage, 4 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$21.26
Costs to cover: 0.200%
Break-even: 41.2 days

Slippage from Bybit: live order book, 1 min ago; GRVT: live order book, 1 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 Bybit live order book, 1 min ago	0.01 bp	5.5 bp −$6	5.6 bp −$56	6.7 bp −$670	8.1 bp −$4,069
Sell GRVT live order book, 1 min ago	0.01 bp	4.5 bp −$5	4.7 bp −$47	5.4 bp −$541	doesn't fit

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
Perpl BTC	−0.0223%	43m	86,539.8	−0.146%	$428K	$24.9M	6.7x	as long as short
Aftermath Perps BTCUSD	−0.0221%	1h	86,594.9	−0.083%	$85K	$188K	20x	as long as short
Phoenix BTC	−0.0103%	1h	86,607	−0.069%	$2.2M	$12.4M	40x	as long as short
dYdX BTC-USD	−0.0095%	1h	86,676.5	+0.011%	$17.6M	$20.5M	50x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,514	−0.176%	$9K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0001%	8h	86,628.6	−0.044%	$845.3M	$707.5M	125x	as long as short
01 Exchange BTCUSD	0.0000%	1h	86,578.8	−0.101%	$361K	$2.4M	50x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,609.6	−0.066%	$936.3M	$1.43B	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0005%	1h	86,592.2	−0.086%	$36.6M	—	200x	as long as short
Aster BTCUSDT	+0.0008%	8h	86,635.4	−0.036%	$505.9M	$1.16B	200x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0021%	1h	86,559.1	−0.124%	$6.7M	$144.2M	40x	as long as short
BingX BTC-USDT	+0.0022%	8h	86,667.6	+0.001%	—	$1.59B	—	as long as short
Bitget BTCUSDT	+0.0028%	8h	86,670	+0.004%	$2.95B	$5.07B	150x	as long as short
Phemex BTCUSDT	+0.0028%	8h	86,570.1	−0.111%	$149.6M	$470.7M	150x	as long as short
Aevo BTC-PERP	+0.0048%	1h	86,576	−0.105%	$2.4M	$1.3M	20x	as long as short
Injective BTC/USDC PERP	+0.0049%	1h	86,732	+0.075%	$315K	$26.8M	52x	as long as short
MEXC BTC_USDT	+0.0050%	8h	86,658.3	−0.010%	$5.19B	$5.66B	500x	as long as short
Binance BTCUSDT	+0.0050%	8h	86,657	−0.011%	$9.44B	$24.30B	150x	as long as short
RISEx BTC/USDC	+0.0063%	1h	86,678.3	+0.013%	$9.2M	$42.0M	25x	as long as short
Gate BTC_USDT	+0.0068%	8h	86,663.4	−0.004%	$5.87B	$10.61B	200x	as long as short
OKX BTC-USDT-SWAP	+0.0068%	8h	86,681.1	+0.017%	$2.57B	$12.70B	100x	as long as short
Bybit BTCUSDTlong	+0.0079%	8h	86,666.7	long leg	$5.28B	$9.66B	150x
Variational Omni BTC	+0.0091%	8h	86,619.6	−0.054%	$160.0M	$567.4M	—	as long as short
Lighter BTC	+0.0096%	1h	86,667.9	+0.001%	$172.1M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,652.1	−0.017%	$24.0M	$153.4M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,554	−0.130%	$8.5M	$52.1M	100x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,714	+0.055%	$4.8M	$8.2M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,655	−0.013%	$195K	$6.8M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,520	−0.169%	$21.7M	$235.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,699	+0.037%	$3.82B	$5.12B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,678.3	+0.013%	$41.3M	$490.3M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,676	+0.011%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,737.8	+0.082%	$7.5M	$93.6M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,606.9	−0.069%	$571.9M	$22.8M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,586.3	−0.093%	$38.1M	$148.3M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,603.7	−0.073%	$279.8M	$949.2M	100x	as long as short
GRVT BTC_USDT_Perpshort	+0.0100%	8h	86,620.3	−0.054%	$217.5M	$188.3M	50x
ApeX Omni BTCUSDT	+0.0100%	1h	86,631.1	−0.041%	$141.6M	$323.0M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,602	−0.075%	$30.8M	$205.7M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,613.3	−0.062%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,552	−0.132%	$11.1M	$13.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,567.6	−0.114%	$194K	$3.4M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,586.6	−0.092%	$2.5M	$8.5M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,597.5	−0.080%	$140K	$619K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,578.2	−0.102%	$30.0M	$61.7M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,573.5	−0.108%	$3.4M	$5.5M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,574	−0.107%	$60.4M	$336.4M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,564.2	−0.118%	$2.30B	$956.7M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,657.8	−0.010%	$46.4M	$227.9M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,561	−0.122%	—	$98.2M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0117%	1h	86,612.5	−0.062%	$189.4M	$930.4M	100x	as long as short
Kalshi KXBTCPERP	+0.0120%	8h	86,571	−0.110%	$8.9M	$723.2M	6.4x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,622.9	−0.051%	$131.9M	$5.86B	50x	as long as short
BloFin BTC-USDT	+0.0171%	8h	86,555	−0.129%	$416.9M	$646.9M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0178% / S −0.0185%	1h	86,588	−0.091%	$14.9M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0224%	1h	86,648.2	−0.021%	$602K	$7.2M	30x	as long as short