Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.013%
Price spread now: GRVT against BloFin−0.051%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$430.433% of the position
Funding, last 7 days−0.200%−$20 on $10k
+Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.051%, 7d avg +0.014%
=Together, before fees−0.138%+ Points / potential airdropGRVT: Active · farm board−$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and GRVT is 0.064% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin HBAR-USDT | 0.09246 | 0.0220 | pay 0.0220% / 8h | 2h 57m | $1.5M | $5.6M | 90x |
| Short | GRVT HBAR_USDT_Perp | 0.09241 | 0.0100 | get 0.0100% / 8h | 2h 57m | $373K | $2.8M | 10x |
BloFin HBAR-USDT
GRVT HBAR_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against BloFin. 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
- −$25.2
- Price spread: −0.051% → +0.014%
- −$6.42
- Slippage, 4 orders
- −$22.31
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$74.93
- Costs to cover
- 0.433%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; GRVT: live order book, 1 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 BloFin live order book, 6 min ago | 1.08 bp | 11.0 bp −$11 | 16.8 bp −$168 | 47.0 bp −$4,705 | doesn't fit |
| Sell GRVT live order book, 1 min ago | 1.08 bp | 12.3 bp −$12 | 19.9 bp −$199 | doesn't fit | doesn't fit |
HBAR on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09246 | +0.005% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09261 | +0.162% | $510K | $192K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09257 | +0.116% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.389% | $1K | $103K | 12x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09253 | +0.076% | $2K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09264 | +0.195% | $218K | $2.4M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09256 | +0.108% | $558K | $611K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09260 | +0.152% | $199K | $335K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09258 | +0.130% | $34.1M | $111.6M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09260 | +0.151% | $32.4M | $35.6M | 75x | as long as short |
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09262 | +0.173% | $6.6M | $25.7M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09255 | +0.097% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09259 | +0.141% | $25.5M | $19.3M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09259 | +0.141% | $7.4M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09256 | +0.108% | $17.0M | $15.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09259 | +0.141% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09228 | −0.195% | $33K | $202K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09241 | −0.055% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perpshort | +0.0100% | 8h | 0.09241 | −0.051% | $373K | $2.8M | 10x | |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09239 | −0.076% | $150K | $709K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09255 | +0.097% | $430 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09269 | +0.249% | $70K | $68K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09259 | +0.141% | $2.1M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09252 | +0.061% | $47K | $231K | 10x | as long as short |
| Hyperliquid HBAR | +0.0116% | 1h | 0.09274 | +0.307% | $8.7M | $3.7M | 5x | as long as short |
| BloFin HBAR-USDTlong | +0.0220% | 8h | 0.09246 | long leg | $1.5M | $5.6M | 90x | |
| Kraken Futures PF_HBARUSD | +0.0245% | 1h | 0.09259 | +0.141% | $1.3M | $3.0M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0617% / S −0.0663% | 1h | 0.09257 | +0.123% | $157K | — | 100x | as long as short |
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
Variational Omni HBAR
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Hyperliquid HBAR
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]