Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: HTX against GRVT+0.180%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2as in the Price arb table
costs, in and out, $10k−$210.210% of the position
Funding, last 7 days−0.045%−$4 on $10k
+Price spread, last 4 days (all we have)−0.418%−$42 · spread now +0.180%, 7d avg −0.011%
=Together, before fees−0.463%+ Points / potential airdropGRVT: Active · farm board−$46 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.191% dearer against GRVT than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT BTC_USDT_Perp | 85,992.6 | 0.0100 | pay 0.0100% / 8h | 7h 11m | $216.0M | $149.4M | 50x |
| Short | HTX BTC-USDT | 86,147.7 | 0.0100 | get 0.0100% / 8h | 7h 11m | $2.28B | $911.6M | 200x |
GRVT BTC_USDT_Perp
HTX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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: +0.180% → −0.011%
- $19.14
- Slippage, 4 orders
- −$0.02
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$1.88
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 3 min ago; HTX: live order book, 3 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, 3 min ago | 0.01 bp | 4.5 bp −$5 | 4.5 bp −$45 | 4.7 bp −$468 | 8.6 bp −$4,295 |
| Sell HTX live order book, 3 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.1 bp −$607 | 9.8 bp −$4,877 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0427% | 1h | 86,201.9 | +0.243% | $196K | $673K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,038 | +0.053% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 86,007.6 | +0.017% | $420.7M | $624.0M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,191.5 | +0.231% | $355K | $2.1M | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 86,136 | +0.167% | $298K | $27.3M | 52x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 86,238 | +0.285% | $36.9M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0030% | 8h | 86,194.2 | +0.235% | $944.7M | $676.0M | 125x | as long as short |
| dYdX BTC-USD | +0.0040% | 1h | 86,185.3 | +0.224% | $16.9M | $18.6M | 50x | as long as short |
| Aster BTCUSDT | +0.0045% | 8h | 86,190.2 | +0.230% | $503.8M | $986.0M | 200x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 86,170.9 | +0.207% | $189.1M | $872.4M | 100x | as long as short |
Bluefin BTC-PERP
Hotstuff BTC-PERP
BloFin BTC-USDT
01 Exchange BTCUSD
Injective BTC/USDC PERP
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
dYdX BTC-USD
Aster BTCUSDT
Kraken Futures PF_XBTUSDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | +0.0075% | 1h | 86,095 | +0.119% | $2.3M | $10.4M | 40x | as long as short |
| Bybit BTCUSDT | +0.0078% | 8h | 86,196.9 | +0.238% | $5.10B | $9.07B | 150x | as long as short |
| BingX BTC-USDC | +0.0080% | 8h | 86,202.1 | +0.244% | — | $16.6M | — | as long as short |
| Nado BTC-PERP | +0.0093% | 1h | 86,182 | +0.220% | $22.1M | $209.6M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,204.5 | +0.246% | $172.9M | $964.6M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,217.1 | +0.261% | $23.3M | $137.1M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,193 | +0.233% | $8.5M | $52.2M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 86,157.3 | +0.192% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,164 | +0.199% | $219K | $8.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,237.1 | +0.284% | $6.0M | $8.9M | 50x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 86,177.5 | +0.215% | $167.7M | $499.8M | 150x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,226.7 | +0.272% | $40.6M | $591.1M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 86,204.9 | +0.247% | $9.45B | $23.07B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,199.9 | +0.241% | $2.61B | $10.80B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,185 | +0.224% | $3.9M | $16.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,222.2 | +0.267% | $4.6M | $94.0M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 86,198.7 | +0.240% | $5.50B | $10.18B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 86,214 | +0.258% | $5.10B | $5.87B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 86,204.9 | +0.247% | $2.99B | $4.56B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,155.3 | +0.189% | $37.3M | $187.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,046.3 | +0.062% | $156.9M | $515.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,007 | +0.017% | $289.3M | $980.0M | 100x | as long as short |
| GRVT BTC_USDT_Perplong | +0.0100% | 8h | 85,992.6 | long leg | $216.0M | $149.4M | 50x | |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,007.8 | +0.018% | $137.0M | $302.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,130 | +0.160% | $30.4M | $213.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,267 | +0.319% | — | $10.1M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,223 | +0.268% | $11.0M | $13.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,220 | +0.264% | $210K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,171.5 | +0.208% | $2.6M | $9.4M | 100x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,136.8 | +0.168% | $3.2M | $7.0M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,155 | +0.189% | $60.3M | $257.8M | 40x | as long as short |
| HTX BTC-USDTshort | +0.0100% | 8h | 86,147.7 | +0.180% | $2.28B | $911.6M | 200x | |
| Bulk BTC-USD | +0.0100% | 1h | 85,869.6 | −0.143% | $707.4M | $169.5M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,172.9 | +0.210% | $46.3M | $220.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 86,131.5 | +0.162% | — | $94.3M | 500x | as long as short |
| Deribit BTC-PERPETUAL | +0.0109% | 1h | 86,196.4 | +0.237% | $830.0M | $1.61B | 50x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,195.3 | +0.236% | $112.4M | $5.32B | 50x | as long as short |
| Hyperliquid BTC | +0.0150% | 1h | 86,288 | +0.344% | $3.87B | $4.82B | 40x | as long as short |
| Reya BTCRUSDPERP | +0.0152% | 1h | 85,977.5 | −0.018% | $6.7M | $134.0M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0189% | 8h | 86,124 | +0.153% | $11.1M | $727.4M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 86,222.9 | +0.268% | $9.0M | $40.7M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0198% / S −0.0178% | 1h | 86,156 | +0.190% | $12.9M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0312% | 1h | 86,163.1 | +0.198% | $693K | $7.4M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0371% | 1h | 86,035.2 | +0.050% | $82K | $254K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 86,146.4 | +0.179% | $495K | $16.7M | 6.7x | as long as short |
Phoenix BTC
Bybit BTCUSDT
BingX BTC-USDC
Nado BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Phemex BTCUSDT
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
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
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Deribit BTC-PERPETUAL
Coinbase International BTC-PERP-INTX
Hyperliquid BTC
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Perpl BTC