Funding you earn now, next payment 22:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.028%
Price spread now: GRVT against Coinbase International+0.555%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs+$6as in the Price arb table
costs, in and out, $10k−$520.521% of the position
Funding, last 7 days+0.204%+$20 on $10k
+Price spread, last 3 days (all we have)−0.488%−$49 · spread now +0.555%, 7d avg −0.028%
=Together, before fees−0.284%+ Points / potential airdropGRVT: Active · farm board−$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GRVT is 0.584% dearer against Coinbase International than usual: you sell high and buy low: +$58 more if the spread goes back to its 7-day average of −0.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International NEAR-PERP-INTX | 4.1600 | −0.0032 | get 0.0004% / 1h | 30m 25s | $2.1M | $12.6M | 50x |
| Short | GRVT NEAR_USDT_Perp | 4.1831 | 0.0100 | get 0.0100% / 8h | 1h 30m | $1.4M | $1.3M | 10x |
Coinbase International NEAR-PERP-INTX
GRVT NEAR_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Coinbase International. 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
- $27.72
- Price spread: +0.555% → −0.028%
- $58.35
- Slippage, 4 orders
- −$33.13
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $33.95
- Costs to cover
- 0.521%
- Break-even
- from the start
Slippage from Coinbase International: live order book, 4 min ago; GRVT: 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 Coinbase International live order book, 4 min ago | 5.74 bp | 11.8 bp −$12 | 18.2 bp −$182 | 530.2 bp −$53.0K | doesn't fit |
| Sell GRVT live order book, 3 min ago | 3.60 bp | 17.0 bp −$17 | 40.0 bp −$400 | doesn't fit | doesn't fit |
NEAR on 45 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.1665 | +0.156% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTXlong | −0.0032% | 1h | 4.1600 | long leg | $2.1M | $12.6M | 50x | |
| Injective NEAR/USDC PERP | −0.0002% | 1h | 4.1410 | −0.457% | $578 | $302K | 12x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1675 | +0.181% | $108K | $58K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1792 | +0.462% | $430K | $18.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1693 | +0.224% | $206K | — | 150x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0014% | 1h | 4.1624 | +0.058% | $1.8M | $2.2M | 25x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0049% | 1h | 4.1625 | +0.061% | $7.6M | $36.8M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0088% | 1h | 4.1723 | +0.296% | $12K | $7K | 10x | as long as short |
| Lighter RH NEAR | +0.0096% | 1h | 4.1739 | +0.334% | $1.5M | $6.9M | 10x | as long as short |
Reya NEARRUSDPERP
Injective NEAR/USDC PERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Deribit NEAR_USDC-PERPETUAL
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Lighter RH NEARShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex NEARUSDT | +0.0096% | 1h | 4.1690 | +0.216% | $111K | $482K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.1656 | +0.135% | $53K | $158K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1680 | +0.192% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1691 | +0.219% | $2.9M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1706 | +0.254% | $361K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1700 | +0.240% | $238.4M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1640 | +0.096% | $212.4M | $423.2M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1640 | +0.096% | $57.5M | $275.5M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.1700 | +0.240% | $241K | $1.7M | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1693 | +0.224% | $29.9M | $57.4M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1690 | +0.216% | $81.9M | $141.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1710 | +0.264% | $54.9M | $44.4M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1650 | +0.120% | $68.9M | $125.4M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.1670 | +0.168% | — | $136.9M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1650 | +0.120% | $7.7M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1758 | +0.381% | $238K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perpshort | +0.0100% | 8h | 4.1831 | +0.555% | $1.4M | $1.3M | 10x | |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1730 | +0.313% | $174K | $793K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1702 | +0.245% | $204K | $3.2M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1700 | +0.240% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1600 | 0.000% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1610 | +0.024% | $3.8M | $8.2M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1600 | 0.000% | $237K | $2K | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1667 | +0.162% | $3.8M | $14.7M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1650 | +0.120% | $201K | $62K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1560 | −0.096% | $12.2M | $31.6M | 75x | as long as short |
| Hyperliquid NEAR | +0.0328% | 1h | 4.1749 | +0.358% | $352.5M | $298.8M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0364% | 1h | 4.1717 | +0.281% | $410K | $1.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0381% / S −0.0328% | 1h | 4.1695 | +0.227% | $281K | — | 100x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0433% | 1h | 4.1626 | +0.063% | $1.2M | $5.7M | 20x | as long as short |
| Lighter NEAR | +0.0464% | 1h | 4.1780 | +0.433% | $15.9M | $23.3M | 15x | as long as short |
| Phoenix NEAR | +0.0542% | 1h | 4.1800 | +0.481% | $1.7M | $2.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0544% | 1h | 4.1674 | +0.178% | $1.8M | $3.5M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.0853% | 1h | 4.1752 | +0.365% | $5K | $11K | 10x | as long as short |
| HTX NEAR-USDT | +0.0977% | 8h | 4.1780 | +0.433% | $447K | $3.6M | 75x | as long as short |
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Bulk NEAR-USD
Extended NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
Hyperliquid NEAR
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]
Backpack NEAR_USDC_PERP
Lighter NEAR
Phoenix NEAR
Nado NEAR-PERP
Aftermath Perps NEARUSD
HTX NEAR-USDT