Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%
Price spread now: Bybit against GRVT−0.165%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1591.595% of the position
Funding, last 7 days−0.127%−$13 on $10k
+Price spread, last 3 days (all we have)+0.097%+$10 · spread now −0.165%, 7d avg −0.049%
=Together, before fees−0.030%+ Points / potential airdropGRVT: Active · farm board−$3 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 0.116% cheaper against GRVT than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.049%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT MEGA_USDT_Perp | 0.04518 | 0.0100 | pay 0.0050% / 4h | 3h 49m | $28K | $1.7M | 10x |
| Short | Bybit MEGAUSDT | 0.04511 | 0.0100 | get 0.0050% / 4h | 3h 49m | $3.5M | $5.2M | 20x |
GRVT MEGA_USDT_Perp
Bybit MEGAUSDTFunding 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: −0.165% → −0.049%
- −$11.61
- Slippage, 4 orders
- −$139.46
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$171.07
- Costs to cover
- 1.595%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 4 min ago; Bybit: live order book, 3 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 | 3.32 bp | 57.6 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.21 bp | 26.8 bp −$27 | 124.9 bp −$1,249 | doesn't fit | doesn't fit |
MEGA 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MEGA-PERP-INTX | −0.0048% | 1h | 0.04490 | −0.621% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04510 | −0.184% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04522 | +0.078% | $21K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0082% | 1h | 0.04512 | −0.154% | $195K | $136K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04513 | −0.131% | $20K | $86K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04512 | −0.152% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04509 | −0.209% | $3.9M | $13.1M | 50x | as long as short |
| Bybit MEGAUSDTshort | +0.0100% | 4h | 0.04511 | −0.165% | $3.5M | $5.2M | 20x | |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04506 | −0.276% | $921K | $3.0M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04527 | +0.190% | $134K | $4K | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04507 | −0.254% | $197K | $312K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04510 | −0.187% | $838K | $359K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04512 | −0.143% | $237K | $115K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04511 | −0.165% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04506 | −0.276% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04510 | −0.187% | $18K | $41K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04525 | +0.140% | $319K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perplong | +0.0100% | 4h | 0.04518 | long leg | $28K | $1.7M | 10x | |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04522 | +0.078% | $25K | $231K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04507 | −0.254% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04508 | −0.231% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04510 | −0.197% | $126K | $657K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0124% | 4h | 0.04527 | +0.189% | $195K | $77K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04511 | −0.158% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0236% / S −0.5353% | 1h | 0.04509 | −0.214% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0776% | 1h | 0.04531 | +0.278% | $637K | $320K | 3x | as long as short |
| Hyperliquid MEGA | +0.0794% | 1h | 0.04523 | +0.112% | $7.7M | $2.4M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1280% | 1h | 0.04516 | −0.050% | $109 | $15 | 25x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
BloFin MEGA-USDT
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL