Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.031%
Price spread now: Derive against GRVT+0.002%7-day average −0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 3 days (all we have)−0.071%−$7 · spread now +0.002%, 7d avg −0.011%
=Together, before fees−0.101%+ Points / potential airdropGRVT: Active · farm board−$10 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT BTC_USDT_Perp | 86,484.6 | 0.0100 | pay 0.0100% / 8h | 1h 23m | $217.1M | $175.1M | 50x |
| Short | Derive BTC-PERP | 86,486 | 0.0100 | get 0.0013% / 1h | 23m 00s | $30.0M | $61.6M | 15x |
GRVT BTC_USDT_Perp
Derive BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- $0
- Price spread: +0.002% → −0.011%
- $1.25
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$13.75
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 1 min ago; Derive: no order-book sample. Net counts fees only.
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 | 5.2 bp −$518 | 9.4 bp −$4,679 |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1014% | 1h | 86,511.4 | +0.031% | $140K | $620K | 40x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,405 | −0.092% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,489 | +0.005% | $9K | $3K | 50x | as long as short |
| Aftermath Perps BTCUSD | −0.0027% | 1h | 86,508.9 | +0.028% | $82K | $217K | 20x | as long as short |
| Aster BTCUSDT | −0.0010% | 8h | 86,495.9 | +0.013% | $504.4M | $1.15B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,500.2 | +0.018% | $359K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,512 | +0.032% | $425K | $23.8M | 6.7x | as long as short |
| KuCoin XBTUSDTM | +0.0001% | 8h | 86,489 | +0.005% | $851.7M | $711.3M | 125x | as long as short |
| dYdX BTC-USD | +0.0002% | 1h | 86,488.5 | +0.004% | $17.0M | $21.1M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,516.7 | +0.037% | $36.8M | — | 200x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
Aftermath Perps BTCUSD
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
KuCoin XBTUSDTM
dYdX BTC-USD
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx BTC/USDC | +0.0006% | 1h | 86,498.2 | +0.016% | $8.5M | $43.0M | 25x | as long as short |
| Deribit BTC-PERPETUAL | +0.0017% | 1h | 86,526.7 | +0.049% | $921.3M | $1.48B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0023% | 1h | 86,489.6 | +0.006% | $6.7M | $144.9M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,559 | +0.086% | $315K | $26.8M | 52x | as long as short |
| BingX BTC-USDC | +0.0034% | 8h | 86,461.7 | −0.027% | — | $15.3M | — | as long as short |
| Phemex BTCUSDT | +0.0034% | 8h | 86,494.4 | +0.011% | $149.7M | $476.4M | 150x | as long as short |
| Bitget BTCUSDT | +0.0044% | 8h | 86,465.4 | −0.022% | $2.95B | $5.10B | 150x | as long as short |
| MEXC BTC_USDT | +0.0061% | 8h | 86,469.7 | −0.017% | $5.13B | $5.69B | 500x | as long as short |
| Binance BTCUSDT | +0.0063% | 8h | 86,470.8 | −0.016% | $9.43B | $24.41B | 150x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,499.6 | +0.017% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0077% | 8h | 86,470.4 | −0.016% | $5.85B | $10.72B | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0080% | 1h | 86,529.3 | +0.052% | $717K | $8.2M | 30x | as long as short |
| Bybit BTCUSDT | +0.0091% | 8h | 86,469.4 | −0.018% | $5.25B | $9.77B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,499.5 | +0.017% | $170.8M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,512 | +0.032% | $24.1M | $152.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,493 | +0.010% | $8.5M | $52.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,467 | −0.020% | $203K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,499.4 | +0.017% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,461 | −0.027% | $22.0M | $234.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,568 | +0.096% | $3.81B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,496.2 | +0.013% | $40.8M | $513.3M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,467.4 | −0.020% | $2.54B | $12.73B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,506 | +0.025% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,554.8 | +0.081% | $7.4M | $94.2M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,343.9 | −0.163% | $570.6M | $18.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,494 | +0.011% | $37.9M | $155.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,374.3 | −0.128% | $155.6M | $566.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,398.5 | −0.100% | $279.2M | $947.6M | 100x | as long as short |
| GRVT BTC_USDT_Perplong | +0.0100% | 8h | 86,484.6 | long leg | $217.1M | $175.1M | 50x | |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,464.3 | −0.024% | $141.4M | $323.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,487.5 | +0.003% | $30.7M | $203.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,541.8 | +0.066% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,502 | +0.020% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,503 | +0.021% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,497.8 | +0.015% | $2.4M | $8.7M | 100x | as long as short |
| Derive BTC-PERPshort | +0.0100% | 1h | 86,486 | +0.002% | $30.0M | $61.6M | 15x | |
| SunX BTC-USDT | +0.0100% | 8h | 86,488.8 | +0.005% | $3.4M | $5.4M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,493 | +0.010% | $60.4M | $337.2M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,488.2 | +0.004% | $2.30B | $968.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,449.5 | −0.041% | $45.5M | $226.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,469.7 | −0.017% | — | $98.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,528.1 | +0.050% | $132.1M | $5.70B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,515.7 | +0.036% | $191.5M | $943.6M | 100x | as long as short |
| BloFin BTC-USDT | +0.0183% | 8h | 86,489.1 | +0.005% | $415.7M | $654.5M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0184% / S −0.0210% | 1h | 86,508.7 | +0.028% | $15.2M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0196% | 8h | 86,513 | +0.033% | $9.6M | $732.8M | 6.4x | as long as short |
RISEx BTC/USDC
Deribit BTC-PERPETUAL
Reya BTCRUSDPERP
Injective BTC/USDC PERP
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
Hibachi BTC/USDT-P
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
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
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP