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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.023%
Price spread now: StandX against GRVT−0.030%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$200.197% of the position
Long on GRVTShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.039%+$4 on $10k
Price spread, last 7 days+0.023%+$2 · spread now −0.030%, 7d avg −0.008%
Together, before fees+0.062%+ Points / potential airdropGRVT: Active · StandX: Active · farm board+$6 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: StandX is 0.022% cheaper against GRVT than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT BTC_USDT_Perp86,619.40.0100pay 0.0100% / 8h2h 33m$217.4M$187.8M50x
ShortStandX BTC-USD86,593.60.0100get 0.0013% / 1h33m 15s$30.8M$205.3M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against GRVT. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.030% → −0.008%
−$2.19
Slippage, 4 orders
−$2.71
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee StandX: 4 bp × 2 orders
−$8
Net
−$21.9
Costs to cover
0.197%
Break-even
never at this rate
Slippage from GRVT: live order book, 6 min ago; StandX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 6 min ago0.01 bp4.5 bp −$54.5 bp −$454.7 bp −$466585.8 bp −$292.9K
Sell StandX live order book, 1 min ago1.21 bp5.5 bp −$56.3 bp −$637.3 bp −$7349.3 bp −$4,653

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps BTCUSD−0.0230%1h86,618.2−0.001%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,644.6+0.029%$428K$24.9M6.7xas long as short
Phoenix BTC−0.0103%1h86,539−0.093%$2.2M$12.4M40xas long as short
dYdX BTC-USD−0.0083%1h86,671.7+0.060%$17.6M$20.5M50xas long as short
Hotstuff BTC-PERP−0.0080%1h86,624+0.005%$9K$3K50xas long as short
01 Exchange BTCUSD0.0000%1h86,648.7+0.034%$363K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,654.7+0.041%$935.6M$1.44B50xas long as short
KuCoin XBTUSDTM+0.0001%8h86,617.1−0.003%$844.1M$704.7M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,645.9+0.031%$37.0M—200xas long as short
Aster BTCUSDT+0.0009%8h86,615.1−0.005%$505.7M$1.16B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0021%1h86,617.5−0.002%$6.7M$144.3M40xas long as short
BingX BTC-USDC+0.0022%8h86,607.2−0.014%—$15.3M—as long as short
Phemex BTCUSDT+0.0023%8h86,619.10.000%$149.6M$471.3M150xas long as short
Bitget BTCUSDT+0.0030%8h86,616.7−0.003%$2.95B$5.07B150xas long as short
Aevo BTC-PERP+0.0048%1h86,627.1+0.009%$2.4M$1.3M20xas long as short
Injective BTC/USDC PERP+0.0049%1h86,639+0.023%$315K$26.8M52xas long as short
MEXC BTC_USDT+0.0052%8h86,615.3−0.005%$5.19B$5.67B500xas long as short
Binance BTCUSDT+0.0053%8h86,617.2−0.003%$9.44B$24.31B150xas long as short
RISEx BTC/USDC+0.0063%1h86,636.8+0.020%$9.2M$42.0M25xas long as short
OKX BTC-USDT-SWAP+0.0072%8h86,622.8+0.004%$2.56B$12.70B100xas long as short
Gate BTC_USDT+0.0073%8h86,619.30.000%$5.86B$10.63B200xas long as short
Bybit BTCUSDT+0.0082%8h86,617.8−0.002%$5.27B$9.67B150xas long as short
Variational Omni BTC+0.0092%8h86,584.3−0.040%$160.0M$567.1M—as long as short
Lighter BTC+0.0096%1h86,632.1+0.015%$172.1M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,639.8+0.024%$24.0M$153.5M50xas long as short
Popdex BTCUSDT+0.0096%1h86,621+0.002%$8.5M$52.2M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,615−0.005%$194K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,680.4+0.070%$4.8M$8.2M50xas long as short
Nado BTC-PERP+0.0100%1h86,626+0.008%$21.6M$235.4M50xas long as short
Hyperliquid BTC+0.0100%1h86,691.8+0.084%$3.82B$5.12B40xas long as short
Pacifica BTC+0.0100%1h86,661+0.048%$41.3M$490.3M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,637+0.020%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,689.3+0.081%$7.5M$93.6M40xas long as short
Bulk BTC-USD+0.0100%1h86,606.9−0.014%$571.9M$22.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,616.6−0.003%$38.1M$148.4M75xas long as short
edgeX BTCUSDC+0.0100%4h86,587.1−0.037%$279.7M$950.3M100xas long as short
GRVT BTC_USDT_Perplong+0.0100%8h86,619.4long leg$217.4M$187.8M50x
ApeX Omni BTCUSDT+0.0100%1h86,686.6+0.078%$141.7M$322.9M100xas long as short
StandX BTC-USDshort+0.0100%1h86,593.6−0.030%$30.8M$205.3M40x
Vest BTC-PERP+0.0100%1h86,683.5+0.074%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,632+0.015%$11.1M$13.7M50xas long as short
Bullet BTC-USD+0.0100%1h86,624.6+0.006%$195K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,642.7+0.027%$2.5M$8.5M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,647+0.032%$141K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,632.2+0.015%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,628.9+0.011%$3.4M$5.5M100xas long as short
SoDEX BTC-USD+0.0100%1h86,620+0.001%$60.5M$336.5M40xas long as short
HTX BTC-USDT+0.0100%8h86,626.5+0.008%$2.30B$957.3M200xas long as short
Extended BTC-USD+0.0104%1h86,609.1−0.012%$46.4M$227.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,645.3+0.030%—$98.4M500xas long as short
Kraken Futures PF_XBTUSD+0.0116%1h86,657.7+0.044%$188.8M$930.8M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,665+0.053%$132.0M$5.86B50xas long as short
Kalshi KXBTCPERP+0.0123%8h86,654+0.040%$8.8M$723.5M6.4xas long as short
BloFin BTC-USDT+0.0173%8h86,611.4−0.009%$416.8M$652.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0178% / S −0.0185%1h86,638.2+0.022%$14.9M—200xas long as short
Hibachi BTC/USDT-P+0.0224%1h86,648.5+0.034%$614K$7.1M30xas long as short