Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Backpack against GRVT−0.194%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1391.388% of the position
Funding, last 7 days−0.075%−$7 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.194%, 7d avg +0.029%
=Together, before fees−0.061%+ Points / potential airdropGRVT: 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: Backpack is 0.222% cheaper against GRVT than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT DOT_USDT_Perp | 1.1870 | 0.0100 | pay 0.0100% / 8h | 4h 06m | $236K | $407K | 10x |
| Short | Backpack DOT_USDC_PERP | 1.1847 | 0.0100 | get 0.0013% / 1h | 6m 29s | $92K | $130K | 10x |
GRVT DOT_USDT_Perp
Backpack DOT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack 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: −0.194% → +0.029%
- −$22.25
- Slippage, 4 orders
- −$119.84
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$161.09
- Costs to cover
- 1.388%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 51 min ago; Backpack: live order book, 51 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, 51 min ago | 4.22 bp | 73.1 bp −$73 | 235.0 bp −$2,350 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 51 min ago | 0.42 bp | 5.9 bp −$6 | 156.9 bp −$1,569 | 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 | −0.1854% | 1h | 1.1856 | −0.118% | $225K | $121K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0608% | 1h | 1.1860 | −0.084% | $195K | $1.9M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1832 | −0.320% | $256 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1832 | −0.320% | $142K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1839 | −0.263% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +1.264% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1836 | −0.291% | $268K | $636K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1840 | −0.253% | $5.3M | $3.3M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1848 | −0.187% | $856K | $597K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1836 | −0.287% | $43.6M | $85.1M | 75x | as long as short |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
Lighter DOT
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOTUSDT | +0.0100% | 8h | 1.1834 | −0.303% | $24.3M | $18.9M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1833 | −0.312% | $9.4M | $24.2M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1830 | −0.337% | $6.6M | $11.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1840 | −0.253% | $29.9M | $53.5M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1836 | −0.287% | $6.5M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1830 | −0.337% | $22.6M | $14.7M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1832 | −0.320% | — | $29.7M | — | as long as short |
| Backpack DOT_USDC_PERPshort | +0.0100% | 1h | 1.1847 | −0.194% | $92K | $130K | 10x | |
| Variational Omni DOT | +0.0100% | 8h | 1.1874 | +0.036% | $541K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1872 | +0.017% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perplong | +0.0100% | 8h | 1.1870 | long leg | $236K | $407K | 10x | |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1840 | −0.253% | $8K | $22K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1871 | +0.008% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1864 | −0.051% | $258K | $242K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1829 | −0.344% | $14K | $310K | 25x | as long as short |
| Phemex DOTUSDT | +0.0138% | 8h | 1.1860 | −0.084% | $2.3M | $2.2M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0214% | 1h | 1.1856 | −0.119% | $4.4M | $1.4M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1846 | −0.202% | $2.2M | $899K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1851 | −0.158% | $22K | — | 100x | as long as short |
Bybit DOTUSDT
OKX DOT-USDT-SWAP
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
Bitget DOTUSDT
BingX DOT-USDT
Variational Omni DOT
edgeX DOTUSDC
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
Phemex DOTUSDT
Kraken Futures PF_DOTUSD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]