Funding you earn now, next payment 04:00 UTC−0.0214%/8h= −23.4% APRpaid last 24h −0.128%
Price spread now: Backpack against GRVT−0.574%85s7-day average −0.250% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as 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−$1631.629% of the position
Funding, last 7 days+0.689%+$69 on $10k
+Price spread, last 4 days (all we have)+0.837%+$84 · spread now −0.574%, 7d avg −0.250%
=Together, before fees+1.526%+ Points / potential airdropGRVT: Active · farm board+$153 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Backpack is 0.324% cheaper against GRVT than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.250%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.689%, so the current rate has only just turned against you. 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 | GRVT EDGE_USDT_Perp | 0.5992 | 0.0100 | pay 0.0050% / 4h | 32m 12s | $5K | $2.3M | 10x |
| Short | Backpack EDGE_USDC_PERP | 0.5958 | −0.0114 | pay 0.0014% / 1h | 32m 12s | $57K | $110K | 3.3x |
GRVT EDGE_USDT_Perp
Backpack EDGE_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
- −$44.88
- Price spread: −0.574% → −0.250%
- −$32.41
- Slippage, 4 orders
- −$143.9
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$240.19
- Costs to cover
- 1.629%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 1 min ago; Backpack: live order book, 2 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, 1 min ago | 2.51 bp | 68.8 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 2 min ago | 3.01 bp | 17.3 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
EDGE on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack EDGE_USDC_PERPshort | −0.0114% | 1h | 0.5958 | −0.574% | $57K | $110K | 3.3x | |
| Lighter EDGE | +0.0096% | 1h | 0.5953 | −0.654% | $43K | $19K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5949 | −0.724% | $7.1M | $3.3M | 25x | as long as short |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.5970 | −0.374% | $2.1M | $2.2M | 50x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5966 | −0.441% | $4.7M | $1.1M | 20x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5949 | −0.717% | $189K | $136K | — | as long as short |
| GRVT EDGE_USDT_Perplong | +0.0100% | 4h | 0.5992 | long leg | $5K | $2.3M | 10x | |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5998 | +0.093% | $9K | $304K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5935 | −0.958% | $4K | $627K | 10x | as long as short |
| edgeX EDGEUSDC | +0.0414% | 4h | 0.5984 | −0.147% | $14.3M | $3.6M | 30x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
KuCoin EDGEUSDTM
Bitget EDGEUSDT
Variational Omni EDGE
ApeX Omni EDGEUSDT
SunX EDGE-USDT
edgeX EDGEUSDCShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended EDGE-USD | +0.0416% | 1h | 0.5955 | −0.617% | $27K | $193K | 5x | as long as short |
| Binance EDGEUSDT | +0.0419% | 4h | 0.5963 | −0.491% | $10.3M | $10.5M | 50x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0421% | 4h | 0.5962 | −0.507% | $3.7M | $5.8M | 20x | as long as short |
| MEXC EDGE_USDT | +0.0422% | 4h | 0.5961 | −0.524% | $1.1M | $890K | 50x | as long as short |
| BloFin EDGE-USDT | +0.0445% | 4h | 0.5974 | −0.307% | $655K | $103K | 50x | as long as short |
| Aster EDGEUSDT | +0.0480% | 4h | 0.5971 | −0.360% | $68K | $132K | 5x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0564% | 4h | 0.5962 | −0.507% | $3K | — | 10x | as long as short |
Extended EDGE-USD
Binance EDGEUSDT
OKX EDGE-USDT-SWAP
MEXC EDGE_USDT
BloFin EDGE-USDT
Aster EDGEUSDT
Orderly PERP_EDGE_USDC