Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.46 per $10,000 · paid last 24h +0.002%
Price spread now: BingX against GRVT+0.249%54s7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as 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−$680.680% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 3 days (all we have)−0.604%−$60 · spread now +0.249%, 7d avg −0.036%
=Together, before fees−0.630%+ Points / potential airdropGRVT: Active · farm board−$63 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 0.285% dearer against GRVT than usual: you sell high and buy low (spread +0.249% now, against its 7-day average of −0.036%): +$28 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days. At the pace of the last 7 days (−0.026% in total) that is about 3 months. The two prices were read 54 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 FIL_USDT_Perp | 0.9835 | 0.0100 | pay 0.0100% / 8h | 28m 35s | $293K | $805K | 10x |
| Short | BingX FIL-USDC | 0.9859 | 0.0054 | get 0.0054% / 8h | 28m 35s | — | $6.5M | — |
GRVT FIL_USDT_Perp
BingX FIL-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$9.66
- Price spread: +0.249% → −0.036%
- $28.47
- Slippage, 4 orders
- −$48.96
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$49.15
- Costs to cover
- 0.680%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 49 min ago; BingX: live order book, 7 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, 49 min ago | 5.05 bp | 9.5 bp −$10 | 66.7 bp −$667 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 1.01 bp | 11.0 bp −$11 | 29.9 bp −$299 | 216.5 bp −$21.7K | 604.3 bp −$302.1K |
FIL 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 FIL_USDC-PERPETUAL | −0.0662% | 1h | 0.9864 | +0.300% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0394% | 1h | 0.9864 | +0.305% | $1.3M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0352% | 1h | 0.9840 | +0.056% | $315K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0245% | 1h | 0.9855 | +0.208% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | −0.0016% | 8h | 0.9861 | +0.269% | $7.4M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9860 | +0.259% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9866 | +0.322% | $58K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0015% | 8h | 0.9854 | +0.198% | $18.1M | $98.8M | 50x | as long as short |
| Bitget FILUSDT | +0.0031% | 8h | 0.9858 | +0.239% | $10.9M | $21.6M | 75x | as long as short |
| Bybit FILUSDT | +0.0047% | 8h | 0.9860 | +0.259% | $15.4M | $18.4M | 25x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
Bitget FILUSDT
Bybit FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended FIL-USD | +0.0048% | 1h | 0.9856 | +0.222% | $689K | $2.3M | 10x | as long as short |
| Binance FILUSDT | +0.0048% | 8h | 0.9859 | +0.246% | $57.2M | $179.0M | 75x | as long as short |
| MEXC FIL_USDC | +0.0050% | 8h | 0.9862 | +0.279% | $250K | $104K | 50x | as long as short |
| BingX FIL-USDCshort | +0.0054% | 8h | 0.9859 | +0.249% | — | $6.5M | — | |
| Gate FIL_USDT | +0.0089% | 8h | 0.9865 | +0.310% | $8.0M | $16.3M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9856 | +0.213% | $159K | $348K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9865 | +0.310% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9866 | +0.321% | $497K | $545K | 20x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9837 | +0.029% | $439K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9855 | +0.208% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perplong | +0.0100% | 8h | 0.9835 | long leg | $293K | $805K | 10x | |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9860 | +0.259% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9868 | +0.338% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9840 | +0.056% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9858 | +0.239% | $483 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9864 | +0.300% | $630K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9860 | +0.259% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0168% | 8h | 0.9853 | +0.188% | $2.7M | $570K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0571% / S −0.0666% | 1h | 0.9859 | +0.249% | $196K | — | 100x | as long as short |
Extended FIL-USD
Binance FILUSDT
MEXC FIL_USDC
Gate FIL_USDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Variational Omni FIL
edgeX FILUSDC
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]