Funding you earn now, next payment 00:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.47 per $10,000 · paid last 24h −0.003%
Price spread now: Binance against GRVT−0.026%99s7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as 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−$420.415% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 3 days (all we have)+0.024%+$2 · spread now −0.026%, 7d avg +0.038%
=Together, before fees+0.014%+ Points / potential airdropGRVT: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.064% cheaper against GRVT than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.038%). Swap the legs. The two prices were read 99 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 HBAR_USDT_Perp | 0.09194 | 0.0100 | pay 0.0100% / 8h | 2h 35m | $374K | $2.1M | 10x |
| Short | Binance HBARUSDT | 0.09192 | 0.0053 | get 0.0053% / 8h | 2h 35m | $34.6M | $110.5M | 75x |
GRVT HBAR_USDT_Perp
Binance HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$9.83
- Price spread: −0.026% → +0.038%
- −$6.41
- Slippage, 4 orders
- −$22.54
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$57.78
- Costs to cover
- 0.415%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 3 min ago; Binance: 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, 3 min ago | 1.09 bp | 12.3 bp −$12 | 32.9 bp −$329 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.54 bp | 7.4 bp −$7 | 17.3 bp −$173 | 58.1 bp −$5,813 | 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 | −0.0041% | 8h | 0.09185 | −0.102% | $7.3M | $7.9M | 75x | as long as short |
| Gate HBAR_USDT | −0.0037% | 8h | 0.09188 | −0.069% | $2.4M | $3.5M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09184 | −0.111% | $8K | — | 150x | as long as short |
| Backpack HBAR_USDC_PERP | +0.0031% | 1h | 0.09192 | −0.026% | $31K | $101K | 15x | as long as short |
| Variational Omni HBAR | +0.0046% | 8h | 0.09187 | −0.085% | $1.0M | $198K | — | as long as short |
| MEXC HBAR_USDT | +0.0052% | 8h | 0.09187 | −0.080% | $24.0M | $22.7M | 200x | as long as short |
| Binance HBARUSDTshort | +0.0053% | 8h | 0.09192 | −0.026% | $34.6M | $110.5M | 75x | |
| Extended HBAR-USD | +0.0056% | 1h | 0.09188 | −0.065% | $51K | $210K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0072% | 1h | 0.09187 | −0.080% | $221K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09179 | −0.167% | $2K | $18K | 10x | as long as short |
KuCoin HBARUSDTM
Gate HBAR_USDT
gTrade (Gains Network) HBAR/USD
Backpack HBAR_USDC_PERP
Variational Omni HBAR
MEXC HBAR_USDT
Extended HBAR-USD
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDCShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter HBAR | +0.0096% | 1h | 0.09186 | −0.091% | $564K | $590K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09201 | +0.069% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09188 | −0.072% | $210K | $428K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09191 | −0.037% | $32.9M | $37.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09191 | −0.037% | $6.9M | $24.6M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09196 | +0.018% | $16.9M | $14.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09193 | −0.015% | — | $5.9M | — | as long as short |
| GRVT HBAR_USDT_Perplong | +0.0100% | 8h | 0.09194 | long leg | $374K | $2.1M | 10x | |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09195 | +0.007% | $147K | $706K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09180 | −0.156% | $426 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09186 | −0.091% | $72K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09187 | −0.080% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0172% | 8h | 0.09173 | −0.232% | $1.5M | $5.6M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0185% | 1h | 0.09190 | −0.048% | $506K | $150K | 50x | as long as short |
| Injective HBAR/USDC PERP | +0.0311% | 1h | 0.09211 | +0.181% | $1K | $84K | 12x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0384% | 1h | 0.09189 | −0.058% | $1.4M | $2.4M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0445% / S −0.0366% | 1h | 0.09184 | −0.111% | $112K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.3422% | 1h | 0.09180 | −0.159% | $30K | $4K | 5x | as long as short |
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
Deribit HBAR_USDC-PERPETUAL
Injective HBAR/USDC PERP
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD