Funding you earn now, next payment 00:00 UTC−0.0246%/8h= −27.0% APRnext payment −$2.46 per $10,000 · paid last 24h −0.136%
Price spread now: GRVT against Phemex+0.251%7-day average −0.208% · you sell dearer than you buy
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$1071.071% of the position
Funding, last 7 days−0.678%−$68 on $10k
+Price spread, last 3 days (all we have)−0.343%−$34 · spread now +0.251%, 7d avg −0.208%
=Together, before fees−1.021%+ Points / potential airdropGRVT: Active · farm board−$102 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.459% dearer against Phemex than usual: you sell high and buy low (spread +0.251% now, against its 7-day average of −0.208%): +$46 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 6.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOTUSDT | 1.1940 | 0.0346 | pay 0.0346% / 8h | 1h 50m | $2.2M | $2.1M | 50x |
| Short | GRVT DOT_USDT_Perp | 1.1970 | 0.0100 | get 0.0100% / 8h | 1h 50m | $232K | $456K | 10x |
Phemex DOTUSDT
GRVT DOT_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Phemex. 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
- −$51.71
- Price spread: +0.251% → −0.208%
- $45.95
- Slippage, 4 orders
- −$86.11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$112.87
- Costs to cover
- 1.071%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; GRVT: live order book, 32 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 Phemex live order book, 3 min ago | 4.18 bp | 18.0 bp −$18 | 61.5 bp −$615 | 108.8 bp −$10.9K | doesn't fit |
| Sell GRVT live order book, 32 min ago | 16.64 bp | 29.4 bp −$29 | 176.4 bp −$1,764 | 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 | −0.0671% | 1h | 1.1933 | −0.059% | $218K | $117K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1918 | −0.187% | $258 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0128% | 1h | 1.1940 | 0.000% | $184K | $1.8M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | −0.0054% | 1h | 1.1935 | −0.046% | $4.5M | $1.3M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0040% | 1h | 1.2020 | +0.670% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | −0.0030% | 8h | 1.1917 | −0.193% | $9.4M | $23.4M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1930 | −0.084% | $144K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1928 | −0.098% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0020% | 8h | 1.1931 | −0.075% | $6.8M | $8.6M | 75x | as long as short |
| Extended DOT-USD | +0.0056% | 1h | 1.1922 | −0.148% | $15K | $235K | 25x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTM
Extended DOT-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC DOT_USDT | +0.0059% | 8h | 1.1928 | −0.101% | $36.4M | $35.9M | 300x | as long as short |
| Binance DOTUSDT | +0.0061% | 8h | 1.1925 | −0.128% | $43.9M | $80.6M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1930 | −0.087% | $250K | $593K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1930 | −0.084% | $5.3M | $3.2M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1927 | −0.111% | $886K | $649K | 50x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1917 | −0.193% | $24.4M | $17.8M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1930 | −0.084% | $6.8M | $11.4M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1920 | −0.168% | $22.8M | $14.0M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1923 | −0.142% | — | $28.5M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1921 | −0.159% | $99K | $127K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1951 | +0.096% | $543K | $69K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1943 | +0.028% | $35K | $332K | 20x | as long as short |
| GRVT DOT_USDT_Perpshort | +0.0100% | 8h | 1.1970 | +0.251% | $232K | $456K | 10x | |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1930 | −0.084% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1937 | −0.025% | $2K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1928 | −0.101% | $246K | $219K | 75x | as long as short |
| BloFin DOT-USDT | +0.0179% | 8h | 1.1923 | −0.142% | $2.2M | $761K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0303% / S −0.1025% | 1h | 1.1931 | −0.079% | $22K | — | 100x | as long as short |
| Phemex DOTUSDTlong | +0.0346% | 8h | 1.1940 | long leg | $2.2M | $2.1M | 50x |
MEXC DOT_USDT
Binance DOTUSDT
Lighter DOT
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
Bitget DOTUSDT
BingX DOT-USDT
Backpack DOT_USDC_PERP
Variational Omni DOT
edgeX DOTUSDC
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]