Funding you earn now, next payment 04:00 UTC+0.0596%/8h= +65.3% APRnext payment +$2.98 per $10,000 · paid last 24h −0.018%
Price spread now: GRVT against Bybit−0.067%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1341.339% of the position
Funding, last 7 days+0.074%+$7 on $10k
+Price spread, last 3 days (all we have)−0.067%−$7 · spread now −0.067%, 7d avg +0.011%
=Together, before fees+0.006%+ Points / potential airdropGRVT: Active · farm board+$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.078% cheaper against Bybit than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of +0.011%). If the spread goes back, that is −$8 on $10k: about 11 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.074% in total) that is about 7.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.074% in total (about 3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.98 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CCUSDT | 0.1196 | −0.0496 | get 0.0248% / 4h | 3h 19m | $10.9M | $3.8M | 25x |
| Short | GRVT CC_USDT_Perp | 0.1195 | 0.0100 | get 0.0050% / 4h | 3h 19m | $90K | $2.3M | 10x |
Bybit CCUSDT
GRVT CC_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Bybit. 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
- $125.21
- Price spread: −0.067% → +0.011%
- −$7.83
- Slippage, 4 orders
- −$113.9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$16.52
- Costs to cover
- 1.339%
- Break-even
- 7.9 days
Slippage from Bybit: 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 Bybit live order book, 4 min ago | 1.67 bp | 37.1 bp −$37 | 347.6 bp −$3,476 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 4 min ago | 2.51 bp | 36.8 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
CC on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CC/USDC PERP | −0.4522% | 1h | 0.1174 | −1.798% | $6K | $99 | 5.5x | as long as short |
| MEXC CC_USDT | −0.0538% | 4h | 0.1195 | −0.025% | $1.7M | $315K | 100x | as long as short |
| Bybit CCUSDTlong | −0.0496% | 4h | 0.1196 | long leg | $10.9M | $3.8M | 25x | |
| Paradex CC-USD-PERP | +0.0098% | 8h | 0.1195 | −0.002% | $1K | — | 5x | as long as short |
| Hyperliquid CC | +0.0100% | 1h | 0.1198 | +0.251% | $5.6M | $1.4M | 3x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1195 | −0.067% | $35K | $39K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1196 | +0.008% | $11.3M | $11.4M | 75x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1197 | +0.134% | $2.6M | $3.6M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1197 | +0.100% | $370K | $213K | 50x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1196 | +0.075% | $502K | $119K | 50x | as long as short |
Injective CC/USDC PERP
MEXC CC_USDT
Paradex CC-USD-PERP
Hyperliquid CC
Aster CCUSDT
Binance CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
KuCoin CCUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CCUSDT | +0.0100% | 4h | 0.1197 | +0.084% | $955K | $781K | 20x | as long as short |
| BingX CC-USDT | +0.0100% | 4h | 0.1196 | +0.050% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1196 | +0.050% | $16K | $22K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1195 | −0.083% | $608K | $55K | — | as long as short |
| GRVT CC_USDT_Perpshort | +0.0100% | 4h | 0.1195 | −0.067% | $90K | $2.3M | 10x | |
| Derive CC-PERP | +0.0100% | 1h | 0.1195 | −0.016% | $6K | $36K | 6.7x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1194 | −0.117% | $597K | $105K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0451% / S −0.0241% | 1h | 0.1196 | +0.038% | $45K | — | 50x | as long as short |
| Lighter CC | +0.0848% | 1h | 0.1201 | +0.435% | $238K | $154K | 5x | as long as short |
Bitget CCUSDT
BingX CC-USDT
Backpack CC_USDC_PERP
Variational Omni CC
Derive CC-PERP
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]
Lighter CC