Funding you earn now, next payment 00:00 UTC−0.0201%/8h= −22.0% APRnext payment −$2.01 per $10,000 · paid last 24h −0.019%
Price spread now: Bybit against GRVT−0.387%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$880.875% of the position
Funding, last 7 days−0.157%−$16 on $10k
+Price spread, last 3 days (all we have)−0.207%−$21 · spread now −0.387%, 7d avg −0.029%
=Together, before fees−0.363%+ Points / potential airdropGRVT: Active · farm board−$36 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 Bybit is 0.359% cheaper against GRVT than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT FIL_USDT_Perp | 0.9767 | 0.0100 | pay 0.0100% / 8h | 2h 53m | $293K | $809K | 10x |
| Short | Bybit FILUSDT | 0.9729 | −0.0101 | pay 0.0101% / 8h | 2h 53m | $15.3M | $18.0M | 25x |
GRVT FIL_USDT_Perp
Bybit FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$42.2
- Price spread: −0.387% → −0.029%
- −$35.86
- Slippage, 4 orders
- −$67.54
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$165.61
- Costs to cover
- 0.875%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 34 min ago; Bybit: live order book, 5 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, 34 min ago | 5.12 bp | 41.0 bp −$41 | 91.0 bp −$910 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.51 bp | 11.5 bp −$12 | 35.7 bp −$357 | 219.9 bp −$22.0K | doesn't fit |
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 | −0.0880% | 1h | 0.9721 | −0.469% | $167K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0630% | 1h | 0.9717 | −0.510% | $1.4M | $2.3M | 50x | as long as short |
| Lighter FIL | −0.0552% | 1h | 0.9712 | −0.562% | $155K | $332K | 5x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9717 | −0.510% | $313K | $1.9M | 50x | as long as short |
| Bybit FILUSDTshort | −0.0101% | 8h | 0.9729 | −0.387% | $15.3M | $18.0M | 25x | |
| Variational Omni FIL | −0.0058% | 8h | 0.9729 | −0.383% | $434K | $273K | — | as long as short |
| Bitget FILUSDT | −0.0025% | 8h | 0.9730 | −0.377% | $10.7M | $22.2M | 75x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9717 | −0.509% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9719 | −0.485% | $57K | $2K | 10x | as long as short |
| Hyperliquid FIL | +0.0007% | 1h | 0.9719 | −0.486% | $8.5M | $9.4M | 5x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Lighter FIL
Coinbase International FIL-PERP-INTX
Variational Omni FIL
Bitget FILUSDT
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Hyperliquid FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAP | +0.0024% | 8h | 0.9729 | −0.387% | $17.9M | $96.6M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9658 | −1.114% | $2K | $118K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0041% | 8h | 0.9721 | −0.469% | $7.3M | $7.2M | 50x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9722 | −0.458% | $482K | $508K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9729 | −0.392% | $55.7M | $177.5M | 75x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9729 | −0.387% | $7.7M | $16.2M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9710 | −0.582% | $247K | $103K | 50x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9733 | −0.346% | — | $11.8M | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9749 | −0.182% | $45K | $292K | 10x | as long as short |
| GRVT FIL_USDT_Perplong | +0.0100% | 8h | 0.9767 | long leg | $293K | $809K | 10x | |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9720 | −0.479% | $41K | $194K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9721 | −0.464% | $4K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9710 | −0.582% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9714 | −0.541% | $467 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9716 | −0.520% | $612K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9710 | −0.582% | $1.0M | $2.2M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9726 | −0.419% | $678K | $2.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9767 | +0.002% | $2.6M | $616K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0609% / S −0.0849% | 1h | 0.9717 | −0.506% | $205K | — | 100x | as long as short |
OKX FIL-USDT-SWAP
Injective FIL/USDC PERP
KuCoin FILUSDTM
Aster FILUSDT
Binance FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
BingX FIL-USDT
edgeX FILUSDC
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
Extended FIL-USD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]