Funding you earn now, next payment 22:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h −0.018%
Price spread now: GRVT against Backpack−0.439%85s7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1421.422% of the position
Funding, last 7 days+0.055%+$5 on $10k
+Price spread, last 3 days (all we have)+0.619%+$62 · spread now −0.439%, 7d avg −0.032%
=Together, before fees+0.674%+ Points / potential airdropGRVT: Active · farm board+$67 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.406% cheaper against Backpack than usual: you would sell low and buy high (spread −0.439% now, against its 7-day average of −0.032%). If the spread goes back, that is −$41 on $10k: about 29 days of funding at the current rate (+$1 a day). The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack DOT_USDC_PERP | 1.1858 | 0.0053 | pay 0.0007% / 1h | 42m 07s | $95K | $120K | 10x |
| Short | GRVT DOT_USDT_Perp | 1.1806 | 0.0100 | get 0.0100% / 8h | 2h 42m | $229K | $469K | 10x |
Backpack DOT_USDC_PERP
GRVT DOT_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Backpack. 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
- $9.79
- Price spread: −0.439% → −0.032%
- −$40.62
- Slippage, 4 orders
- −$123.21
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$173.04
- Costs to cover
- 1.422%
- Break-even
- 130.7 days
Slippage from Backpack: live order book, 46 min ago; GRVT: live order book, 45 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 Backpack live order book, 46 min ago | 0.42 bp | 5.7 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 45 min ago | 4.21 bp | 48.3 bp −$48 | 198.6 bp −$1,986 | doesn't fit | doesn't fit |
DOT on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit DOT_USDC-PERPETUAL | −0.0676% | 1h | 1.1862 | +0.034% | $217K | $118K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1849 | −0.079% | $256 | — | — | as long as short |
| Kraken Futures PF_DOTUSD | −0.0129% | 1h | 1.1870 | +0.098% | $4.4M | $1.3M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0080% | 1h | 1.1820 | −0.320% | $323 | $83K | 12x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0064% | 1h | 1.1830 | −0.236% | $189K | $1.8M | 50x | as long as short |
| OKX DOT-USDT-SWAP | −0.0041% | 8h | 1.1847 | −0.093% | $9.3M | $22.9M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1850 | −0.070% | $143K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1856 | −0.017% | $3K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0039% | 8h | 1.1859 | +0.008% | $6.7M | $8.6M | 75x | as long as short |
| Backpack DOT_USDC_PERPlong | +0.0053% | 1h | 1.1858 | long leg | $95K | $120K | 10x |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
Coinbase International DOT-PERP-INTX
OKX DOT-USDT-SWAP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTMShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC DOT_USDT | +0.0087% | 8h | 1.1850 | −0.067% | $31.9M | $34.0M | 300x | as long as short |
| Extended DOT-USD | +0.0088% | 1h | 1.1848 | −0.086% | $15K | $240K | 25x | as long as short |
| Binance DOTUSDT | +0.0089% | 8h | 1.1848 | −0.086% | $43.8M | $79.7M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1862 | +0.037% | $259K | $563K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1859 | +0.008% | $5.3M | $3.1M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1843 | −0.127% | $887K | $647K | 50x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1851 | −0.059% | $24.3M | $17.6M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1860 | +0.017% | $6.8M | $11.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1850 | −0.067% | $22.8M | $13.4M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1856 | −0.017% | — | $28.5M | — | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1795 | −0.535% | $537K | $91K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1806 | −0.436% | $34K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perpshort | +0.0100% | 8h | 1.1806 | −0.439% | $229K | $469K | 10x | |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1840 | −0.152% | $8K | $27K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1883 | +0.211% | $2K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1820 | −0.320% | $245K | $206K | 75x | as long as short |
| BloFin DOT-USDT | +0.0207% | 8h | 1.1837 | −0.177% | $2.3M | $753K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0300% / S −0.1014% | 1h | 1.1854 | −0.033% | $22K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0396% | 8h | 1.1870 | +0.101% | $2.2M | $2.1M | 50x | as long as short |
MEXC DOT_USDT
Extended DOT-USD
Binance DOTUSDT
Lighter DOT
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
Bitget DOTUSDT
BingX DOT-USDT
Variational Omni DOT
edgeX DOTUSDC
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT