Funding you earn now, next payment 03:00 UTC−0.0308%/8h= −33.7% APRpaid last 24h −0.150%
Price spread now: Coinbase International against GRVT+0.053%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1501.499% of the position
Funding, last 7 days−0.330%−$33 on $10k
+Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.053%, 7d avg +0.101%
=Together, before fees−0.549%+ Points / potential airdropGRVT: Active · farm board−$55 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Coinbase International is 0.048% cheaper against GRVT than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.101%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT FIL_USDT_Perp | 1.0010 | 0.0100 | pay 0.0100% / 8h | 4h 27m | $299K | $957K | 10x |
| Short | Coinbase International FIL-PERP-INTX | 1.0015 | −0.0208 | pay 0.0026% / 1h | 27m 15s | $369K | $2.1M | 50x |
GRVT FIL_USDT_Perp
Coinbase International FIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$64.68
- Price spread: +0.053% → +0.101%
- −$4.77
- Slippage, 4 orders
- −$130.92
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$219.37
- Costs to cover
- 1.499%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 31 min ago; Coinbase International: 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, 31 min ago | 5.02 bp | 65.7 bp −$66 | 162.0 bp −$1,620 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 4.49 bp | 13.4 bp −$13 | 19.1 bp −$191 | doesn't fit | 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 | −0.0549% | 1h | 1.0005 | −0.047% | $172K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTXshort | −0.0208% | 1h | 1.0015 | +0.053% | $369K | $2.1M | 50x | |
| OKX FIL-USDT-SWAP | −0.0062% | 8h | 1.0000 | −0.097% | $18.5M | $104.9M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0015% | 8h | 1.0003 | −0.067% | $7.4M | $7.5M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9998 | −0.121% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0006 | −0.041% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.545% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0043% | 1h | 1.0009 | −0.004% | $1.4M | $2.3M | 50x | as long as short |
| Binance FILUSDT | +0.0095% | 8h | 1.0009 | −0.007% | $57.5M | $183.1M | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0004 | −0.056% | $154K | $362K | 5x | as long as short |
Deribit FIL_USDC-PERPETUAL
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Kraken Futures PF_FILUSD
Binance FILUSDT
Lighter FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended FIL-USD | +0.0096% | 1h | 0.9996 | −0.134% | $711K | $3.3M | 10x | as long as short |
| MEXC FIL_USDC | +0.0097% | 8h | 1.0000 | −0.097% | $242K | $104K | 50x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0002 | −0.077% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0005 | −0.044% | $513K | $603K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9996 | −0.137% | $15.7M | $20.0M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9995 | −0.147% | $8.4M | $16.7M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0002 | −0.077% | $11.2M | $20.3M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9995 | −0.147% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0011 | +0.011% | $451K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0005 | −0.049% | $45K | $297K | 10x | as long as short |
| GRVT FIL_USDT_Perplong | +0.0100% | 8h | 1.0010 | long leg | $299K | $957K | 10x | |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0040 | +0.303% | $30K | $181K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0010 | −0.002% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9990 | −0.197% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0003 | −0.067% | $482 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0003 | −0.067% | $626K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0000 | −0.097% | $1.2M | $2.5M | 50x | as long as short |
| BloFin FIL-USDT | +0.0215% | 8h | 1.0002 | −0.077% | $2.7M | $661K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0575% / S −0.0237% | 1h | 0.9996 | −0.137% | $267K | — | 100x | as long as short |
Extended FIL-USD
MEXC FIL_USDC
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
Bitget FILUSDT
BingX FIL-USDC
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]