Funding you earn now, next payment 06:00 UTC−0.0290%/8h= −31.8% APRpaid last 24h −0.121%
Price spread now: Deribit against GRVT+0.020%45s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Deribit is 0.020% dearer against GRVT than usual: you sell high and buy low (spread +0.020% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 6 hours. The two prices were read 45 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 | 2.9557 | 0.0100 | pay 0.0100% / 8h | 1h 59m | $563K | $513K | 10x |
| Short | Deribit ICP_USDC-PERPETUAL | 2.9563 | −0.0190 | pay 0.0024% / 1h | 59m 32s | $192 | $439 | 50x |
GRVT ICP_USDT_Perp
Deribit ICP_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
- −$60.9
- Price spread: +0.020% → 0.000%
- $2.03
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$74.87
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 48 min ago; Deribit: no order-book sample. Net counts fees only.
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, 48 min ago | 3.42 bp | 19.5 bp −$19 | 121.7 bp −$1,217 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUALshort | −0.0190% | 1h | 2.9563 | +0.020% | $192 | $439 | 50x | |
| Phemex ICPUSDT | −0.0083% | 8h | 2.9420 | −0.464% | $1.8M | $675K | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0068% | 1h | 2.9584 | +0.092% | $525K | $665K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9564 | +0.024% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9571 | +0.047% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.365% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0058% | 8h | 2.9540 | −0.059% | $1.1M | $133K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9544 | −0.044% | $139K | $495K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9576 | +0.064% | $4.6M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9560 | +0.009% | $264K | $1.2M | 20x | as long as short |
Phemex ICPUSDT
Kraken Futures PF_ICPUSD
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
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 | 2.9552 | −0.016% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9540 | −0.058% | $28.9M | $48.9M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9520 | −0.125% | $17.2M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9530 | −0.091% | $5.7M | $15.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9530 | −0.091% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9530 | −0.091% | $18.6M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9530 | −0.091% | $4.8M | $12.2M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9560 | +0.010% | $7.0M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9530 | −0.091% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9539 | −0.061% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perplong | +0.0100% | 8h | 2.9557 | long leg | $563K | $513K | 10x | |
| SunX ICP-USDT | +0.0100% | 8h | 2.9550 | −0.024% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9570 | +0.044% | $103K | $118K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9532 | −0.085% | $23K | $131K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9520 | −0.125% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0336% | 1h | 2.9590 | +0.112% | $58K | $70K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0434% / S −0.0367% | 1h | 2.9573 | +0.055% | $31K | — | 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
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]