Funding you earn now, next payment 08:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.44 per $10,000 · paid last 24h −0.001%
Price spread now: BingX against GRVT−0.011%114s7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as 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−$190.190% of the position
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 114 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 | 85,617.3 | 0.0100 | pay 0.0100% / 8h | 6h 07m | $214.8M | $163.0M | 50x |
| Short | BingX BTC-USDT | 85,607.6 | 0.0056 | get 0.0056% / 8h | 6h 07m | — | $1.56B | — |
GRVT BTC_USDT_Perp
BingX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$9.24
- Price spread: −0.011% → 0.000%
- −$1.13
- Slippage, 4 orders
- −$0.04
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$29.41
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 2 min ago; BingX: live order book, 17 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, 2 min ago | 0.01 bp | 4.5 bp −$5 | 4.5 bp −$45 | 5.1 bp −$512 | 8.9 bp −$4,441 |
| Sell BingX live order book, 17 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.1 bp −$513 | 5.8 bp −$2,877 |
BTC on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0144% | 1h | 85,649 | +0.037% | $2.1M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,646 | +0.034% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0064% | 1h | 85,601.9 | −0.018% | $361K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | +0.0002% | 1h | 85,603 | −0.017% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,581.1 | −0.042% | $36.6M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,682 | +0.076% | $340K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0022% | 8h | 85,615.5 | −0.002% | $516.0M | $1.12B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0026% | 8h | 85,614.5 | −0.003% | $901.0M | $752.1M | 125x | as long as short |
| Nado BTC-PERP | +0.0036% | 1h | 85,521.8 | −0.112% | $22.7M | $227.0M | 50x | as long as short |
| HTX BTC-USDT | +0.0043% | 8h | 85,556 | −0.072% | $2.27B | $938.2M | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
Aster BTCUSDT
KuCoin XBTUSDTM
Nado BTC-PERP
HTX BTC-USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx BTC/USDC | +0.0044% | 1h | 85,635.4 | +0.021% | $8.3M | $42.1M | 25x | as long as short |
| BingX BTC-USDTshort | +0.0056% | 8h | 85,607.6 | −0.011% | — | $1.56B | — | |
| Reya BTCRUSDPERP | +0.0061% | 1h | 85,549 | −0.080% | $6.7M | $146.3M | 40x | as long as short |
| SunX BTC-USDT | +0.0069% | 8h | 85,547.1 | −0.082% | $2.9M | $6.6M | 100x | as long as short |
| Bitget BTCUSDT | +0.0070% | 8h | 85,606.5 | −0.013% | $2.95B | $5.04B | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,572.1 | −0.053% | $2.5M | $1.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0085% | 8h | 85,627.6 | +0.012% | $9.33B | $24.08B | 150x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,611 | −0.007% | $5.08B | $5.76B | 500x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,628.4 | +0.013% | $170.4M | $995.8M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,638.8 | +0.025% | $23.6M | $148.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,608 | −0.011% | $8.4M | $51.8M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,646.3 | +0.034% | $3.8M | $8.4M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,586 | −0.037% | $207K | $7.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,693.3 | +0.089% | $3.76B | $4.91B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,654 | +0.043% | $40.2M | $569.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,611.3 | −0.007% | $5.32B | $9.75B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,603.4 | −0.016% | $2.55B | $12.22B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,621 | +0.004% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,582.2 | −0.041% | $7.2M | $96.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,614.9 | −0.003% | $5.58B | $10.59B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,582.2 | −0.041% | $35.1M | $166.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,606.4 | −0.013% | $156.1M | $555.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,617.7 | 0.000% | $278.5M | $936.8M | 100x | as long as short |
| GRVT BTC_USDT_Perplong | +0.0100% | 8h | 85,617.3 | long leg | $214.8M | $163.0M | 50x | |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,622.2 | +0.006% | $140.0M | $318.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,615.6 | −0.002% | $30.3M | $209.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,598.7 | −0.022% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,542 | −0.088% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,575.8 | −0.048% | $188K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,569.4 | −0.056% | $2.4M | $9.1M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,613.6 | −0.004% | $196K | $721K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,576.7 | −0.047% | $30.0M | $56.1M | 15x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,575 | −0.049% | $59.9M | $336.6M | 40x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,581.2 | −0.042% | $151.3M | $480.5M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,673.6 | +0.066% | $597.8M | $234.3M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,587.2 | −0.035% | $44.1M | $228.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,571.2 | −0.054% | — | $102.1M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,610.1 | −0.008% | $130.9M | $5.11B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0146% | 1h | 85,601.9 | −0.018% | $187.4M | $959.1M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 85,604.7 | −0.015% | $678K | $7.8M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0175% | 1h | 85,630.4 | +0.015% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0186% | 1h | 85,574.9 | −0.050% | $13.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0211% | 8h | 85,583 | −0.040% | $10.3M | $766.3M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | +0.0244% | 1h | 85,619.1 | +0.002% | $894.9M | $1.54B | 50x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,552.3 | −0.076% | $511K | $20.1M | 6.7x | as long as short |
RISEx BTC/USDC
Reya BTCRUSDPERP
SunX BTC-USDT
Bitget BTCUSDT
Aevo BTC-PERP
Binance BTCUSDT
MEXC BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SoDEX BTC-USD
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL
Perpl BTC