Funding you earn now, next payment 22:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.009%
Price spread now: GRVT against 01 Exchange+0.150%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$4as in the Price arb table
costs, in and out, $10k−$180.177% of the position
Funding, last 3 days (all we have)+0.071%+$7 on $10k
+Price spread, last 7 days−0.171%−$17 · spread now +0.150%, 7d avg +0.008%
=Together, before fees−0.100%+ Points / potential airdropGRVT: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GRVT is 0.142% dearer against 01 Exchange than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange BTCUSD | 86,668.2 | 0 | get 0.0000% / 1h | 50m 39s | $361K | $2.5M | 50x |
| Short | GRVT BTC_USDT_Perp | 86,798 | 0.0095 | get 0.0095% / 8h | 2h 50m | $217.8M | $191.2M | 50x |
01 Exchange BTCUSD
GRVT BTC_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against 01 Exchange. 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
- $19.95
- Price spread: +0.150% → +0.008%
- $14.2
- Slippage, 4 orders
- −$1.72
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $16.43
- Costs to cover
- 0.177%
- Break-even
- 1.2 days
Slippage from 01 Exchange: live order book, 4 min ago; GRVT: live order book, 4 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 01 Exchange live order book, 4 min ago | 0.16 bp | 4.5 bp −$5 | 68.0 bp −$680 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 4 min ago | 0.01 bp | 4.5 bp −$5 | 4.5 bp −$45 | 9.9 bp −$991 | 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 | 86,679.3 | +0.013% | $429K | $25.4M | 6.7x | as long as short |
| Aftermath Perps BTCUSD | −0.0194% | 1h | 86,762.7 | +0.109% | $85K | $188K | 20x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,701 | +0.038% | $2.2M | $12.4M | 40x | as long as short |
| dYdX BTC-USD | −0.0093% | 1h | 86,651.2 | −0.020% | $18.0M | $20.0M | 50x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,660 | −0.009% | $9K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0002% | 8h | 86,626.9 | −0.048% | $845.0M | $708.9M | 125x | as long as short |
| 01 Exchange BTCUSDlong | 0.0000% | 1h | 86,668.2 | long leg | $361K | $2.5M | 50x | |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,662.2 | −0.007% | $921.9M | $1.38B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,655.8 | −0.014% | $36.7M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0013% | 8h | 86,623.1 | −0.052% | $505.8M | $1.16B | 200x | as long as short |
Perpl BTC
Aftermath Perps BTCUSD
Phoenix BTC
dYdX BTC-USD
Hotstuff BTC-PERP
KuCoin XBTUSDTM
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-USDC | +0.0019% | 8h | 86,632.7 | −0.041% | — | $15.3M | — | as long as short |
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,630.3 | −0.044% | $6.8M | $143.9M | 40x | as long as short |
| Phemex BTCUSDT | +0.0025% | 8h | 86,615.5 | −0.061% | $149.5M | $469.5M | 150x | as long as short |
| Bitget BTCUSDT | +0.0026% | 8h | 86,631.6 | −0.042% | $2.95B | $5.08B | 150x | as long as short |
| MEXC BTC_USDT | +0.0047% | 8h | 86,640.9 | −0.031% | $5.20B | $5.63B | 500x | as long as short |
| Binance BTCUSDT | +0.0048% | 8h | 86,641 | −0.031% | $9.44B | $24.36B | 150x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,633.9 | −0.040% | $2.4M | $1.3M | 20x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,732 | +0.074% | $315K | $26.8M | 52x | as long as short |
| OKX BTC-USDT-SWAP | +0.0058% | 8h | 86,651.7 | −0.019% | $2.57B | $12.73B | 100x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,658.6 | −0.011% | $9.0M | $42.1M | 25x | as long as short |
| Gate BTC_USDT | +0.0063% | 8h | 86,640 | −0.033% | $5.85B | $10.56B | 200x | as long as short |
| Bluefin BTC-PERP | +0.0067% | 1h | 86,650.4 | −0.021% | $141K | $619K | 40x | as long as short |
| Bybit BTCUSDT | +0.0077% | 8h | 86,645.2 | −0.027% | $5.28B | $9.69B | 150x | as long as short |
| Variational Omni BTC | +0.0088% | 8h | 86,792.9 | +0.144% | $161.2M | $563.4M | — | as long as short |
| GRVT BTC_USDT_Perpshort | +0.0095% | 8h | 86,798 | +0.150% | $217.8M | $191.2M | 50x | |
| Lighter BTC | +0.0096% | 1h | 86,647.8 | −0.024% | $172.2M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,653.8 | −0.017% | $24.1M | $152.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,642 | −0.030% | $8.5M | $52.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0096% | 1h | 86,613 | −0.064% | $60.5M | $336.4M | 40x | as long as short |
| Orderly PERP_BTC_USDC | +0.0098% | 8h | 86,644.2 | −0.028% | $2.5M | $8.4M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,701.7 | +0.039% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,631 | −0.043% | $201K | $6.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,642 | −0.030% | $21.9M | $237.7M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,700 | +0.037% | $3.84B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,672 | +0.004% | $41.5M | $484.5M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,636 | −0.037% | $3.9M | $18.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,718 | +0.057% | $7.6M | $95.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,665 | −0.004% | $572.2M | $23.5M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,621.8 | −0.054% | $38.2M | $148.1M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,704.2 | +0.042% | $280.1M | $946.6M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,714.1 | +0.053% | $141.9M | $322.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,664 | −0.005% | $30.8M | $205.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,707.4 | +0.045% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,639 | −0.034% | $11.0M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,626 | −0.049% | $200K | $3.4M | 20x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,632.8 | −0.041% | $30.0M | $61.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,641.8 | −0.030% | $3.4M | $5.6M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,626.2 | −0.048% | $2.30B | $956.4M | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0101% | 8h | 86,679 | +0.012% | $8.9M | $725.3M | 6.4x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,634.2 | −0.039% | $46.6M | $229.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,659.8 | −0.010% | — | $97.9M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0116% | 1h | 86,657.9 | −0.012% | $192.1M | $927.2M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,662.8 | −0.006% | $131.9M | $5.92B | 50x | as long as short |
| BloFin BTC-USDT | +0.0168% | 8h | 86,613.6 | −0.063% | $418.1M | $642.2M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0181% / S −0.0200% | 1h | 86,648.7 | −0.022% | $15.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 86,754.1 | +0.099% | $599K | $7.2M | 30x | as long as short |
BingX BTC-USDC
Reya BTCRUSDPERP
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Injective BTC/USDC PERP
OKX BTC-USDT-SWAP
RISEx BTC/USDC
Gate BTC_USDT
Bluefin BTC-PERP
Bybit BTCUSDT
Variational Omni BTC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
SoDEX BTC-USD
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
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Kalshi KXBTCPERP
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P