Funding you earn now, next payment 01:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h +0.009%
Price spread now: Deribit against GRVT+0.589%45s7-day average +0.136% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as 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−$550.549% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 3 days (all we have)−0.499%−$50 · spread now +0.589%, 7d avg +0.136%
=Together, before fees−0.526%+ Points / potential airdropGRVT: Active · farm board−$53 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Deribit is 0.453% dearer against GRVT than usual: you sell high and buy low: +$45 more if the spread goes back to its 7-day average of +0.136%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT HBAR_USDT_Perp | 0.09335 | 0.0087 | pay 0.0087% / 8h | 7h 13m | $375K | $2.2M | 10x |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09390 | 0.0283 | get 0.0035% / 1h | 13m 29s | $517K | $183K | 50x |
GRVT HBAR_USDT_Perp
Deribit HBAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $41.16
- Price spread: +0.589% → +0.136%
- $45.31
- Slippage, 4 orders
- −$38.95
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $31.53
- Costs to cover
- 0.549%
- Break-even
- 1.6 days
Slippage from GRVT: live order book, 5 min ago; Deribit: live order book, 60 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, 5 min ago | 2.15 bp | 17.9 bp −$18 | 36.6 bp −$366 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 60 min ago | 5.40 bp | 10.6 bp −$11 | 17.4 bp −$174 | 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 | 0.09359 | +0.257% | $7.4M | $7.5M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09363 | +0.303% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09383 | +0.513% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.728% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09384 | +0.525% | $233K | $2.2M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09387 | +0.560% | $1.4M | $2.3M | 50x | as long as short |
| Variational Omni HBAR | +0.0069% | 8h | 0.09333 | −0.021% | $1.0M | $191K | — | as long as short |
| ApeX Omni HBARUSDT | +0.0074% | 1h | 0.09344 | +0.096% | $149K | $727K | 50x | as long as short |
| MEXC HBAR_USDT | +0.0076% | 8h | 0.09362 | +0.289% | $27.3M | $22.6M | 200x | as long as short |
| Binance HBARUSDT | +0.0076% | 8h | 0.09364 | +0.311% | $35.2M | $106.1M | 75x | 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_USDT
Binance HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09377 | +0.450% | $2K | $17K | 10x | as long as short |
| Extended HBAR-USD | +0.0080% | 1h | 0.09361 | +0.282% | $53K | $277K | 10x | as long as short |
| GRVT HBAR_USDT_Perplong | +0.0087% | 8h | 0.09335 | long leg | $375K | $2.2M | 10x | |
| Lighter HBAR | +0.0096% | 1h | 0.09360 | +0.268% | $573K | $553K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09377 | +0.450% | $9.0M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09364 | +0.315% | $214K | $358K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09364 | +0.311% | $33.4M | $35.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09365 | +0.321% | $6.9M | $25.1M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09361 | +0.279% | $2.4M | $3.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09364 | +0.311% | $17.4M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09365 | +0.321% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09385 | +0.536% | $35K | $108K | 15x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09381 | +0.493% | $435 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09381 | +0.493% | $74K | $60K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09383 | +0.514% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0196% | 8h | 0.09339 | +0.043% | $1.5M | $5.4M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUALshort | +0.0283% | 1h | 0.09390 | +0.589% | $517K | $183K | 50x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0496% / S −0.0562% | 1h | 0.09383 | +0.512% | $118K | — | 100x | as long as short |
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-USDC
Backpack HBAR_USDC_PERP
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]