Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.019%
Price spread now: BloFin against GRVT−0.538%7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$660.663% of the position
Funding, last 7 days+0.190%+$19 on $10k
+Price spread, last 4 days (all we have)+0.496%+$50 · spread now −0.538%, 7d avg +0.060%
=Together, before fees+0.685%+ Points / potential airdropGRVT: Active · farm board+$69 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.597% cheaper against GRVT than usual: you would sell low and buy high (spread −0.538% now, against its 7-day average of +0.060%). If the spread goes back, that is −$60 on $10k: about 17 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT ICP_USDT_Perp | 2.9418 | 0.0100 | pay 0.0100% / 8h | 3h 08m | $565K | $492K | 10x |
| Short | BloFin ICP-USDT | 2.9260 | 0.0220 | get 0.0220% / 8h | 3h 08m | $1.2M | $2.3M | 75x |
GRVT ICP_USDT_Perp
BloFin ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $25.2
- Price spread: −0.538% → +0.060%
- −$59.72
- Slippage, 4 orders
- −$45.25
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$100.78
- Costs to cover
- 0.663%
- Break-even
- 35.0 days
Slippage from GRVT: live order book, 45 min ago; BloFin: live order book, 5 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, 45 min ago | 5.05 bp | 10.6 bp −$11 | 52.0 bp −$520 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 5.10 bp | 11.1 bp −$11 | 14.9 bp −$149 | 57.2 bp −$5,724 | doesn't fit |
ICP on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ICPUSD | −0.0058% | 1h | 2.9309 | −0.371% | $490K | $631K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9275 | −0.488% | $68K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9315 | −0.351% | $191 | $439 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9311 | −0.363% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.839% | $202 | $200K | 12x | as long as short |
| Phemex ICPUSDT | +0.0044% | 8h | 2.9350 | −0.232% | $1.7M | $783K | 50x | as long as short |
| Variational Omni ICP | +0.0075% | 8h | 2.9260 | −0.539% | $1.0M | $134K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9314 | −0.354% | $142K | $491K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9348 | −0.239% | $4.5M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9312 | −0.361% | $263K | $1.5M | 20x | as long as short |
Kraken Futures PF_ICPUSD
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Phemex ICPUSDT
Variational Omni ICP
Lighter ICP
Hyperliquid ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9296 | −0.415% | $133K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9312 | −0.361% | $28.7M | $48.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9290 | −0.436% | $16.8M | $17.5M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9310 | −0.368% | $5.6M | $14.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9300 | −0.402% | $1.8M | $2.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9320 | −0.334% | $18.3M | $10.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9300 | −0.402% | $4.8M | $12.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9320 | −0.334% | $7.0M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9300 | −0.402% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9425 | +0.022% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perplong | +0.0100% | 8h | 2.9418 | long leg | $565K | $492K | 10x | |
| SunX ICP-USDT | +0.0100% | 8h | 2.9300 | −0.402% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9250 | −0.572% | $102K | $115K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9302 | −0.396% | $22K | $133K | 10x | as long as short |
| BloFin ICP-USDTshort | +0.0220% | 8h | 2.9260 | −0.538% | $1.2M | $2.3M | 75x | |
| Coinbase International ICP-PERP-INTX | +0.0352% | 1h | 2.9530 | +0.380% | $57K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0432% / S −0.0367% | 1h | 2.9305 | −0.385% | $30K | — | 100x | as long as short |
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]