Funding you earn now, next payment 22:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h +0.015%
Price spread now: Aevo against GRVT+0.001%71s7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as 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−$290.292% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 3 days (all we have)−0.087%−$9 · spread now +0.001%, 7d avg −0.017%
=Together, before fees−0.084%+ Points / potential airdropGRVT: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 71 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 | GRVT BTC_USDT_Perp | 86,635.2 | 0.0096 | pay 0.0096% / 8h | 2h 47m | $217.5M | $189.0M | 50x |
| Short | Aevo BTC-PERP | 86,635.8 | 0.0048 | get 0.0006% / 1h | 47m 55s | $2.4M | $1.3M | 20x |
GRVT BTC_USDT_Perp
Aevo BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against GRVT. 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
- −$10.08
- Price spread: +0.001% → −0.017%
- $1.74
- Slippage, 4 orders
- −$4.15
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$37.49
- Costs to cover
- 0.292%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 1 min ago; Aevo: 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 GRVT live order book, 1 min ago | 0.01 bp | 4.5 bp −$5 | 4.5 bp −$45 | 4.8 bp −$479 | 278.9 bp −$139.4K |
| Sell Aevo live order book, 1 min ago | 1.33 bp | 10.7 bp −$11 | 12.1 bp −$121 | 15.1 bp −$1,506 | 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 | −0.0335% | 43m | 86,644.7 | +0.011% | $426K | $25.1M | 6.7x | as long as short |
| Aftermath Perps BTCUSD | −0.0203% | 1h | 86,688.4 | +0.061% | $85K | $188K | 20x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,701 | +0.076% | $2.2M | $12.4M | 40x | as long as short |
| dYdX BTC-USD | −0.0094% | 1h | 86,651.2 | +0.018% | $18.0M | $20.0M | 50x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,576 | −0.068% | $9K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0002% | 8h | 86,596.3 | −0.045% | $845.7M | $709.3M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,651.1 | +0.018% | $361K | $2.5M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,675.2 | +0.046% | $938.9M | $1.43B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,661.7 | +0.031% | $36.7M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0012% | 8h | 86,603.7 | −0.036% | $505.7M | $1.16B | 200x | as long as short |
Perpl BTC
Aftermath Perps BTCUSD
Phoenix BTC
dYdX BTC-USD
Hotstuff BTC-PERP
KuCoin XBTUSDTM
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0020% | 8h | 86,603.5 | −0.037% | — | $1.59B | — | as long as short |
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,635 | 0.000% | $6.8M | $144.0M | 40x | as long as short |
| Phemex BTCUSDT | +0.0023% | 8h | 86,637 | +0.002% | $149.1M | $470.1M | 150x | as long as short |
| Bitget BTCUSDT | +0.0027% | 8h | 86,598.6 | −0.042% | $2.94B | $5.07B | 150x | as long as short |
| MEXC BTC_USDT | +0.0047% | 8h | 86,603.4 | −0.037% | $5.19B | $5.64B | 500x | as long as short |
| Aevo BTC-PERPshort | +0.0048% | 1h | 86,635.8 | +0.001% | $2.4M | $1.3M | 20x | |
| Binance BTCUSDT | +0.0048% | 8h | 86,602.6 | −0.038% | $9.43B | $24.35B | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,732 | +0.112% | $315K | $26.8M | 52x | as long as short |
| OKX BTC-USDT-SWAP | +0.0061% | 8h | 86,609 | −0.030% | $2.57B | $12.70B | 100x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,642.7 | +0.009% | $9.2M | $42.1M | 25x | as long as short |
| Gate BTC_USDT | +0.0066% | 8h | 86,608.2 | −0.031% | $5.86B | $10.58B | 200x | as long as short |
| Bybit BTCUSDT | +0.0079% | 8h | 86,605.5 | −0.034% | $5.28B | $9.65B | 150x | as long as short |
| Variational Omni BTC | +0.0088% | 8h | 86,626.8 | −0.010% | $159.8M | $564.2M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,645.5 | +0.012% | $171.9M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,653.9 | +0.022% | $24.0M | $152.8M | 50x | as long as short |
| GRVT BTC_USDT_Perplong | +0.0096% | 8h | 86,635.2 | long leg | $217.5M | $189.0M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 86,624 | −0.013% | $8.5M | $52.1M | 100x | as long as short |
| Orderly PERP_BTC_USDC | +0.0099% | 8h | 86,655.1 | +0.023% | $2.5M | $8.5M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,682.9 | +0.055% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,621 | −0.016% | $200K | $6.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,601.1 | −0.039% | $21.8M | $237.1M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,678.8 | +0.050% | $3.83B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,657.2 | +0.025% | $41.0M | $485.8M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,636 | +0.001% | $3.9M | $18.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,706.9 | +0.083% | $7.4M | $95.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,665 | +0.034% | $572.2M | $23.5M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,637.4 | +0.003% | $38.2M | $148.1M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,704.2 | +0.080% | $280.1M | $946.6M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,636.4 | +0.001% | $141.8M | $322.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,575.6 | −0.069% | $30.8M | $206.0M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,686.9 | +0.060% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,645 | +0.011% | $11.0M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,634.8 | 0.000% | $198K | $3.4M | 20x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,663.2 | +0.032% | $141K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,642.6 | +0.009% | $30.0M | $61.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,630.5 | −0.005% | $3.4M | $5.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,634 | −0.001% | $60.5M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,631.4 | −0.004% | $2.30B | $955.7M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,591.7 | −0.050% | $46.5M | $229.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,652.1 | +0.020% | — | $98.4M | 500x | as long as short |
| Kalshi KXBTCPERP | +0.0109% | 8h | 86,664 | +0.033% | $8.8M | $723.2M | 6.4x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0116% | 1h | 86,675.8 | +0.047% | $192.0M | $927.3M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,683 | +0.055% | $132.0M | $5.89B | 50x | as long as short |
| BloFin BTC-USDT | +0.0168% | 8h | 86,592.1 | −0.050% | $418.0M | $642.6M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0181% / S −0.0198% | 1h | 86,654.6 | +0.022% | $15.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 86,618.9 | −0.019% | $601K | $7.2M | 30x | as long as short |
BingX BTC-USDT
Reya BTCRUSDPERP
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Injective BTC/USDC PERP
OKX BTC-USDT-SWAP
RISEx BTC/USDC
Gate BTC_USDT
Bybit BTCUSDT
Variational Omni BTC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Orderly PERP_BTC_USDC
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kalshi KXBTCPERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P