Funding you earn now, next payment 09:00 UTC+0.1083%/8h= +118.6% APRpaid last 24h +0.039%
Price spread now: dYdX against GRVT−0.044%50s7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as 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−$1051.048% of the position
Funding, last 7 days+0.370%+$37 on $10k
+Price spread, last 4 days (all we have)−0.778%−$78 · spread now −0.044%, 7d avg −0.010%
=Together, before fees−0.408%+ Points / potential airdropGRVT: Active · farm board−$41 on $10k · with fees, hour by hour
Funding pays, the price is against you. dYdX is 0.033% cheaper against GRVT than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of −0.010%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$32 a day). At the pace of the last 7 days (+0.370% in total) that is about 15 hours. The two prices were read 50 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 0.370% in total (about 19.3% 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 LINK_USDT_Perp | 12.894 | 0.0100 | pay 0.0100% / 8h | 7h 39m | $582K | $3.0M | 10x |
| Short | dYdX LINK-USD | 12.888 | 0.1183 | get 0.0148% / 1h | 39m 47s | $344K | $46K | 10x |
GRVT LINK_USDT_Perp
dYdX LINK-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $227.36
- Price spread: −0.044% → −0.010%
- −$3.35
- Slippage, 4 orders
- −$85.76
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $119.25
- Costs to cover
- 1.048%
- Break-even
- 3.3 days
Slippage from GRVT: live order book, 4 min ago; dYdX: live order book, 59 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, 4 min ago | 1.55 bp | 6.2 bp −$6 | 19.3 bp −$193 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 59 min ago | 40.13 bp | 46.2 bp −$46 | 141.2 bp −$1,412 | 156.3 bp −$15.6K | 414.1 bp −$207.0K |
LINK on 40 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_LINK_USDC | −0.0112% | 8h | 12.883 | −0.086% | $90K | $985K | 20x | as long as short |
| GMX LINK/USD [LINK-USDC] | L −0.0087% / S +0.0165% | 1h | 12.900 | +0.043% | $1.7M | — | 200x | as long as short |
| Kalshi KXLINKPERP | 0.0000% | 8h | 12.897 | +0.024% | $514K | $2.3M | 3.7x | as long as short |
| gTrade (Gains Network) LINK/USD | L +0.0004% / S −0.0005% | 1h | 12.888 | −0.044% | $155K | — | 150x | as long as short |
| Injective LINK/USDC PERP | +0.0033% | 1h | 12.400 | −3.832% | $4K | $48K | 12x | as long as short |
| Kraken Futures PF_LINKUSD | +0.0049% | 1h | 12.899 | +0.036% | $6.4M | $8.4M | 50x | as long as short |
| Phoenix LINK | +0.0087% | 1h | 12.905 | +0.080% | $3K | $85K | 10x | as long as short |
| Lighter LINK | +0.0096% | 1h | 12.892 | −0.014% | $1.9M | $2.8M | 10x | as long as short |
| Paradex LINK-USD-PERP | +0.0100% | 8h | 12.887 | −0.055% | $31K | $2K | 20x | as long as short |
| Nado LINK-PERP | +0.0100% | 1h | 12.882 | −0.096% | $348K | $335K | 10x | as long as short |
Orderly PERP_LINK_USDC
GMX LINK/USD [LINK-USDC]
Kalshi KXLINKPERP
gTrade (Gains Network) LINK/USD
Injective LINK/USDC PERP
Kraken Futures PF_LINKUSD
Phoenix LINK
Lighter LINK
Paradex LINK-USD-PERP
Nado LINK-PERPShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid LINK | +0.0100% | 1h | 12.892 | −0.016% | $80.5M | $28.0M | 10x | as long as short |
| Aster LINKUSDT | +0.0100% | 8h | 12.890 | −0.035% | $1.2M | $2.4M | 50x | as long as short |
| Pacifica LINK | +0.0100% | 1h | 12.888 | −0.051% | $274K | $182K | 10x | as long as short |
| Binance LINKUSDT | +0.0100% | 8h | 12.888 | −0.048% | $119.0M | $297.6M | 75x | as long as short |
| Bybit LINKUSDT | +0.0100% | 8h | 12.883 | −0.086% | $83.4M | $73.0M | 75x | as long as short |
| OKX LINK-USDT-SWAP | +0.0100% | 8h | 12.885 | −0.071% | $27.1M | $79.9M | 50x | as long as short |
| Arcus LINK-USD | +0.0100% | 1h | 12.900 | +0.046% | $180K | $98K | 10x | as long as short |
| Gate LINK_USDT | +0.0100% | 8h | 12.886 | −0.063% | $133.6M | $17.5M | 75x | as long as short |
| MEXC LINK_USDT | +0.0100% | 8h | 12.887 | −0.055% | $35.7M | $58.3M | 300x | as long as short |
| KuCoin LINKUSDTM | +0.0100% | 8h | 12.895 | +0.007% | $22.9M | $12.2M | 75x | as long as short |
| Bitget LINKUSDT | +0.0100% | 8h | 12.885 | −0.071% | $53.8M | $29.9M | 75x | as long as short |
| BingX LINK-USDT | +0.0100% | 8h | 12.886 | −0.063% | — | $23.2M | — | as long as short |
| Backpack LINK_USDC_PERP | +0.0100% | 1h | 12.903 | +0.069% | $336K | $386K | 15x | as long as short |
| Variational Omni LINK | +0.0100% | 8h | 12.875 | −0.145% | $3.3M | $1.8M | — | as long as short |
| edgeX LINKUSDC | +0.0100% | 4h | 12.914 | +0.156% | $43K | $309K | 20x | as long as short |
| GRVT LINK_USDT_Perplong | +0.0100% | 8h | 12.894 | long leg | $582K | $3.0M | 10x | |
| ApeX Omni LINKUSDT | +0.0100% | 1h | 12.917 | +0.177% | $132K | $671K | 50x | as long as short |
| Polymarket Perps LINK-USD | +0.0100% | 1h | 12.887 | −0.055% | $82K | $70K | 10x | as long as short |
| Derive LINK-PERP | +0.0100% | 1h | 12.880 | −0.109% | $16K | $22K | 10x | as long as short |
| SunX LINK-USDT | +0.0100% | 8h | 12.904 | +0.080% | $34K | $1.4M | 30x | as long as short |
| SoDEX LINK-USD | +0.0100% | 1h | 12.893 | −0.009% | $10K | $61K | 10x | as long as short |
| HTX LINK-USDT | +0.0100% | 8h | 12.870 | −0.185% | $629K | $721K | 75x | as long as short |
| Extended LINK-USD | +0.0104% | 1h | 12.882 | −0.097% | $617K | $2.0M | 25x | as long as short |
| Aevo LINK-PERP | +0.0104% | 1h | 12.890 | −0.033% | $541K | $2K | 3x | as long as short |
| Deribit LINK_USDC-PERPETUAL | +0.0130% | 1h | 12.896 | +0.015% | $807K | $268K | 50x | as long as short |
| Coinbase International LINK-PERP-INTX | +0.0184% | 1h | 12.924 | +0.232% | $930K | $3.2M | 50x | as long as short |
| BloFin LINK-USDT | +0.0220% | 8h | 12.886 | −0.063% | $5.2M | $15.9M | 75x | as long as short |
| Reya LINKRUSDPERP | +0.0403% | 1h | 12.878 | −0.125% | $4K | — | 20x | as long as short |
| Phemex LINKUSDT | +0.0462% | 8h | 12.906 | +0.092% | $19.9M | $11.5M | 50x | as long as short |
| dYdX LINK-USDshort | +0.1183% | 1h | 12.888 | −0.044% | $344K | $46K | 10x |
Hyperliquid LINK
Aster LINKUSDT
Pacifica LINK
Binance LINKUSDT
Bybit LINKUSDT
OKX LINK-USDT-SWAP
Arcus LINK-USD
Gate LINK_USDT
MEXC LINK_USDT
KuCoin LINKUSDTM
Bitget LINKUSDT
BingX LINK-USDT
Backpack LINK_USDC_PERP
Variational Omni LINK
edgeX LINKUSDC
ApeX Omni LINKUSDT
Polymarket Perps LINK-USD
Derive LINK-PERP
SunX LINK-USDT
SoDEX LINK-USD
HTX LINK-USDT
Extended LINK-USD
Aevo LINK-PERP
Deribit LINK_USDC-PERPETUAL
Coinbase International LINK-PERP-INTX
BloFin LINK-USDT
Reya LINKRUSDPERP
Phemex LINKUSDT