Funding you earn now, next payment 00:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.004%
Price spread now: MEXC against GRVT+0.593%112s7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as 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−$320.324% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 3 days (all we have)−0.655%−$66 · spread now +0.593%, 7d avg +0.045%
=Together, before fees−0.665%+ Points / potential airdropGRVT: Active · farm board−$67 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.548% dearer against GRVT than usual: you sell high and buy low (spread +0.593% now, against its 7-day average of +0.045%): +$55 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 5 months. At the pace of the last 7 days (−0.010% in total) that is about 13 months. The two prices were read 112 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 | 0.09274 | 0.0100 | pay 0.0100% / 8h | 1m 42s | $381K | $2.2M | 10x |
| Short | MEXC HBAR_USDT | 0.09329 | 0.0087 | get 0.0087% / 8h | 1m 42s | $26.0M | $22.5M | 200x |
GRVT HBAR_USDT_Perp
MEXC HBAR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$2.73
- Price spread: +0.593% → +0.045%
- $54.84
- Slippage, 4 orders
- −$23.4
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $19.71
- Costs to cover
- 0.324%
- Break-even
- from the start
Slippage from GRVT: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago | 1.07 bp | 12.0 bp −$12 | 18.7 bp −$187 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.54 bp | 2.6 bp −$3 | 10.5 bp −$105 | 43.8 bp −$4,381 | 139.4 bp −$69.7K |
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 | −0.0074% | 8h | 0.09328 | +0.582% | $7.4M | $7.8M | 75x | as long as short |
| Gate HBAR_USDT | −0.0029% | 8h | 0.09330 | +0.604% | $2.4M | $3.6M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09338 | +0.694% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09343 | +0.744% | $514K | $166K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09342 | +0.737% | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09338 | +0.690% | $221K | $2.2M | 50x | as long as short |
| Variational Omni HBAR | +0.0076% | 8h | 0.09262 | −0.127% | $1.0M | $202K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09335 | +0.658% | $2K | $17K | 10x | as long as short |
| MEXC HBAR_USDTshort | +0.0087% | 8h | 0.09329 | +0.593% | $26.0M | $22.5M | 200x | |
| Binance HBARUSDT | +0.0087% | 8h | 0.09330 | +0.604% | $35.1M | $109.6M | 75x | as long as short |
KuCoin HBARUSDTM
Gate HBAR_USDT
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Orderly PERP_HBAR_USDC
Binance HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended HBAR-USD | +0.0088% | 1h | 0.09328 | +0.584% | $51K | $218K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09330 | +0.604% | $572K | $592K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09344 | +0.756% | $8.9M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09333 | +0.632% | $213K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09329 | +0.593% | $33.2M | $36.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09330 | +0.604% | $6.9M | $25.3M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09333 | +0.636% | $17.3M | $14.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09330 | +0.604% | — | $5.9M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09336 | +0.669% | $34K | $101K | 15x | as long as short |
| GRVT HBAR_USDT_Perplong | +0.0100% | 8h | 0.09274 | long leg | $381K | $2.2M | 10x | |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09282 | +0.086% | $149K | $709K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09335 | +0.658% | $433 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09385 | +1.197% | $75K | $55K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09334 | +0.647% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0208% | 8h | 0.09333 | +0.636% | $1.5M | $5.8M | 90x | as long as short |
| Injective HBAR/USDC PERP | +0.0242% | 1h | 0.09267 | −0.075% | $1K | $112K | 12x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0410% | 1h | 0.09343 | +0.745% | $1.4M | $2.3M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0449% / S −0.0478% | 1h | 0.09342 | +0.736% | $105K | — | 100x | as long as short |
Extended HBAR-USD
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
Injective HBAR/USDC PERP
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]