Funding you earn now, next payment 01:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.014%
Price spread now: GRVT against Nado−0.419%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1301.304% of the position
Funding, last 3 days (all we have)+0.040%+$4 on $10k
+Price spread, last 3 days (all we have)+0.333%+$33 · spread now −0.419%, 7d avg +0.019%
=Together, before fees+0.373%+ Points / potential airdropNado: Active · GRVT: Active · farm board+$37 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.438% cheaper against Nado than usual: you would sell low and buy high (spread −0.419% now, against its 7-day average of +0.019%). If the spread goes back, that is −$44 on $10k: about 47 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MEGA-PERP | 0.04521 | 0.0069 | pay 0.0009% / 1h | 43m 24s | $196K | $136K | 2x |
| Short | GRVT MEGA_USDT_Perp | 0.04503 | 0.0100 | get 0.0050% / 4h | 3h 43m | $28K | $1.7M | 10x |
Nado MEGA-PERP
GRVT MEGA_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Nado. 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
- $6.53
- Price spread: −0.419% → +0.019%
- −$43.8
- Slippage, 4 orders
- −$114.39
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$167.65
- Costs to cover
- 1.304%
- Break-even
- 186.7 days
Slippage from Nado: live order book, 29 min ago; GRVT: 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 Nado live order book, 29 min ago | 2.22 bp | 20.5 bp −$21 | 107.4 bp −$1,074 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 5 min ago | 3.33 bp | 46.5 bp −$47 | doesn't fit | 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 | −0.688% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04524 | +0.058% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04503 | −0.409% | $21K | $7K | 5x | as long as short |
| Nado MEGA-PERPlong | +0.0069% | 1h | 0.04521 | long leg | $196K | $136K | 2x | |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04521 | −0.022% | $20K | $86K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04523 | +0.044% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04525 | +0.077% | $3.9M | $13.1M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04525 | +0.077% | $3.5M | $5.2M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04520 | −0.033% | $922K | $3.0M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04510 | −0.254% | $133K | $4K | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit 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 | 0.04521 | −0.011% | $197K | $312K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04525 | +0.077% | $838K | $359K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04524 | +0.055% | $238K | $115K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04524 | +0.055% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04524 | +0.055% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04504 | −0.387% | $18K | $41K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04503 | −0.414% | $317K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perpshort | +0.0100% | 4h | 0.04503 | −0.419% | $28K | $1.7M | 10x | |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04502 | −0.431% | $25K | $231K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04525 | +0.077% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04504 | −0.387% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04521 | −0.010% | $131K | $745K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0153% | 4h | 0.04503 | −0.409% | $196K | $76K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04524 | +0.062% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0236% / S −0.5353% | 1h | 0.04523 | +0.038% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0784% | 1h | 0.04541 | +0.431% | $639K | $320K | 3x | as long as short |
| Hyperliquid MEGA | +0.0941% | 1h | 0.04536 | +0.323% | $7.7M | $2.4M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.2593% | 1h | 0.04514 | −0.157% | $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