Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: Bybit against GRVT−0.341%60s7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as 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−$620.620% of the position
Funding, last 7 days−0.084%−$8 on $10k
+Price spread, last 4 days (all we have)−0.784%−$78 · spread now −0.341%, 7d avg +0.019%
=Together, before fees−0.868%+ Points / potential airdropGRVT: Active · farm board−$87 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.360% cheaper against GRVT than usual: you would sell low and buy high, −$36 on $10k if it goes back to its 7-day average of +0.019%. The two prices were read 60 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 ICP_USDT_Perp | 3.0113 | 0.0100 | pay 0.0100% / 8h | 6h 08m | $584K | $491K | 10x |
| Short | Bybit ICPUSDT | 3.0010 | 0.0100 | get 0.0100% / 8h | 6h 08m | $17.5M | $19.0M | 75x |
GRVT ICP_USDT_Perp
Bybit ICPUSDTFunding 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
- $0
- Price spread: −0.341% → +0.019%
- −$36.01
- Slippage, 4 orders
- −$41.98
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$97.99
- Costs to cover
- 0.620%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 59 min ago; Bybit: 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, 59 min ago | 3.27 bp | 18.8 bp −$19 | 73.9 bp −$739 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.66 bp | 12.0 bp −$12 | 29.7 bp −$297 | 459.4 bp −$45.9K | doesn't fit |
ICP on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0217% | 1h | 2.9979 | −0.444% | $267 | $464 | 50x | as long as short |
| Phemex ICPUSDT | −0.0014% | 8h | 2.9960 | −0.507% | $1.8M | $798K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9988 | −0.414% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9983 | −0.433% | $23K | — | 150x | as long as short |
| Variational Omni ICP | +0.0014% | 8h | 3.0080 | −0.110% | $1.1M | $116K | — | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −1.487% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0021 | −0.305% | $163K | $492K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0005 | −0.358% | $279K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9982 | −0.435% | $136K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 3.0016 | −0.321% | $29.6M | $53.6M | 75x | as long as short |
Deribit ICP_USDC-PERPETUAL
Phemex ICPUSDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Variational Omni ICP
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDTshort | +0.0100% | 8h | 3.0010 | −0.341% | $17.5M | $19.0M | 75x | |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0020 | −0.308% | $5.8M | $17.1M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0000 | −0.374% | $1.9M | $3.1M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9990 | −0.408% | $19.3M | $10.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9970 | −0.474% | $4.9M | $13.4M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0020 | −0.308% | $7.1M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9990 | −0.408% | — | $6.0M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0074 | −0.129% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perplong | +0.0100% | 8h | 3.0113 | long leg | $584K | $491K | 10x | |
| SunX ICP-USDT | +0.0100% | 8h | 2.9970 | −0.474% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9940 | −0.574% | $105K | $239K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9972 | −0.468% | $22K | $125K | 10x | as long as short |
| Hyperliquid ICP | +0.0138% | 1h | 3.0019 | −0.312% | $4.7M | $5.0M | 5x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0256% | 1h | 3.0140 | +0.090% | $65K | $71K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0508% / S −0.0480% | 1h | 2.9977 | −0.452% | $37K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0895% | 1h | 3.0011 | −0.339% | $544K | $609K | 50x | as long as short |
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
Hyperliquid ICP
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD