Funding you earn now, next payment 01:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h −0.009%
Price spread now: GRVT against Deribit−0.480%7-day average −0.136% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$550.549% of the position
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 3 days (all we have)+0.390%+$39 · spread now −0.480%, 7d avg −0.136%
=Together, before fees+0.416%+ Points / potential airdropGRVT: Active · farm board+$42 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.344% cheaper against Deribit than usual: you would sell low and buy high (spread −0.480% now, against its 7-day average of −0.136%). If the spread goes back, that is −$34 on $10k: about 2 months of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09380 | 0.0070 | pay 0.0009% / 1h | 13m 00s | $516K | $168K | 50x |
| Short | GRVT HBAR_USDT_Perp | 0.09335 | 0.0087 | get 0.0087% / 8h | 7h 13m | $375K | $2.2M | 10x |
Deribit HBAR_USDC-PERPETUAL
GRVT HBAR_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Deribit. 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
- $3.57
- Price spread: −0.480% → −0.136%
- −$34.37
- Slippage, 4 orders
- −$38.95
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$85.75
- Costs to cover
- 0.549%
- Break-even
- 175.1 days
Slippage from Deribit: live order book, 61 min ago; GRVT: live order book, 6 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 Deribit live order book, 61 min ago | 5.40 bp | 8.9 bp −$9 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 6 min ago | 2.15 bp | 17.5 bp −$17 | 35.0 bp −$350 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0080% | 8h | 0.09358 | −0.235% | $7.4M | $7.5M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09363 | −0.178% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09377 | −0.031% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −1.205% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09369 | −0.117% | $229K | $2.3M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09373 | −0.071% | $1.4M | $2.3M | 50x | as long as short |
| Variational Omni HBAR | +0.0069% | 8h | 0.09333 | −0.500% | $1.0M | $191K | — | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | +0.0070% | 1h | 0.09380 | long leg | $516K | $168K | 50x | |
| ApeX Omni HBARUSDT | +0.0074% | 1h | 0.09344 | −0.384% | $149K | $727K | 50x | as long as short |
| MEXC HBAR_USDT | +0.0076% | 8h | 0.09357 | −0.245% | $27.3M | $22.6M | 200x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
Variational Omni HBAR
ApeX Omni HBARUSDT
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0076% | 8h | 0.09358 | −0.234% | $35.2M | $106.1M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09371 | −0.096% | $2K | $17K | 10x | as long as short |
| Extended HBAR-USD | +0.0080% | 1h | 0.09356 | −0.256% | $53K | $277K | 10x | as long as short |
| GRVT HBAR_USDT_Perpshort | +0.0087% | 8h | 0.09335 | −0.480% | $375K | $2.2M | 10x | |
| Lighter HBAR | +0.0096% | 1h | 0.09362 | −0.192% | $573K | $553K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09373 | −0.070% | $9.0M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09377 | −0.032% | $214K | $358K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09359 | −0.224% | $33.4M | $35.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09359 | −0.224% | $6.9M | $25.1M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09361 | −0.203% | $2.4M | $3.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09359 | −0.224% | $17.4M | $14.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09360 | −0.213% | — | $6.2M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09367 | −0.139% | $35K | $108K | 15x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09369 | −0.117% | $435 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09381 | +0.011% | $74K | $60K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09365 | −0.160% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0196% | 8h | 0.09357 | −0.245% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0496% / S −0.0562% | 1h | 0.09373 | −0.070% | $118K | — | 100x | as long as short |
Binance HBARUSDT
Orderly PERP_HBAR_USDC
Extended HBAR-USD
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]