Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.24 per $10,000 · paid last 24h +0.010%
Price spread now: Bybit against GRVT−0.229%110s7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as 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−$540.540% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 3 days (all we have)+0.192%+$19 · spread now −0.229%, 7d avg +0.034%
=Together, before fees+0.162%+ Points / potential airdropGRVT: Active · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.263% cheaper against GRVT than usual: you would sell low and buy high (spread −0.229% now, against its 7-day average of +0.034%). If the spread goes back, that is −$26 on $10k: about 37 days of funding at the current rate (+$1 a day). The two prices were read 110 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 | 0.09349 | 0.0076 | pay 0.0076% / 8h | 7h 17m | $379K | $2.2M | 10x |
| Short | Bybit HBARUSDT | 0.09328 | 0.0100 | get 0.0100% / 8h | 7h 17m | $33.2M | $35.6M | 75x |
GRVT HBAR_USDT_Perp
Bybit HBARUSDTFunding 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
- $5.04
- Price spread: −0.229% → +0.034%
- −$26.32
- Slippage, 4 orders
- −$33.97
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$75.25
- Costs to cover
- 0.540%
- Break-even
- 111.5 days
Slippage from GRVT: live order book, 1 min ago; Bybit: 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 GRVT live order book, 1 min ago | 2.15 bp | 17.9 bp −$18 | 36.6 bp −$366 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.54 bp | 9.0 bp −$9 | 20.2 bp −$202 | 102.3 bp −$10.2K | 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 | −0.0088% | 8h | 0.09318 | −0.336% | $7.4M | $7.6M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09332 | −0.191% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09319 | −0.322% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.882% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09310 | −0.422% | $233K | $2.2M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09329 | −0.213% | $1.4M | $2.3M | 50x | as long as short |
| Variational Omni HBAR | +0.0069% | 8h | 0.09346 | −0.037% | $1.0M | $191K | — | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09328 | −0.233% | $53K | $287K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0072% | 1h | 0.09327 | −0.240% | $514K | $183K | 50x | as long as short |
| MEXC HBAR_USDT | +0.0074% | 8h | 0.09328 | −0.229% | $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
Extended HBAR-USD
Deribit HBAR_USDC-PERPETUAL
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0075% | 8h | 0.09328 | −0.234% | $35.1M | $106.9M | 75x | as long as short |
| GRVT HBAR_USDT_Perplong | +0.0076% | 8h | 0.09349 | long leg | $379K | $2.2M | 10x | |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09317 | −0.347% | $2K | $17K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09320 | −0.315% | $571K | $553K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09339 | −0.111% | $8.9M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09328 | −0.229% | $213K | $407K | 50x | as long as short |
| Bybit HBARUSDTshort | +0.0100% | 8h | 0.09328 | −0.229% | $33.2M | $35.6M | 75x | |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09334 | −0.165% | $6.9M | $25.0M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09327 | −0.240% | $2.4M | $3.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09333 | −0.176% | $17.3M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09334 | −0.165% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09328 | −0.229% | $34K | $107K | 15x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09358 | +0.092% | $149K | $727K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09318 | −0.336% | $433 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09316 | −0.358% | $74K | $60K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09324 | −0.272% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0196% | 8h | 0.09308 | −0.443% | $1.5M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0495% / S −0.0562% | 1h | 0.09320 | −0.316% | $117K | — | 100x | as long as short |
Binance HBARUSDT
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]