Funding you earn now, next payment 09:00 UTC−0.2176%/8h= −238.3% APRpaid last 24h −0.094%
Price spread now: GRVT against Deribit−0.226%45s7-day average −0.145% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as 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−$480.478% of the position
Funding, last 7 days−0.382%−$38 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.226%, 7d avg −0.145%
=Together, before fees−0.313%+ Points / potential airdropGRVT: Active · farm board−$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$65 a day on $10k at the current rate, and GRVT is 0.081% cheaper against Deribit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.145%). Swap the legs. The two prices were read 45 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 -0.382% in total (about -19.9% 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 | Deribit NEAR_USDC-PERPETUAL | 4.5640 | 0.2276 | pay 0.0284% / 1h | 3m 34s | $2.0M | $13.1M | 25x |
| Short | GRVT NEAR_USDT_Perp | 4.5537 | 0.0100 | get 0.0100% / 8h | 7h 03m | $1.5M | $1.6M | 10x |
Deribit NEAR_USDC-PERPETUAL
GRVT NEAR_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Deribit. 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
- −$456.96
- Price spread: −0.226% → −0.145%
- −$8.15
- Slippage, 4 orders
- −$31.78
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$512.88
- Costs to cover
- 0.478%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 1 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 Deribit live order book, 1 min ago | 4.72 bp | 8.2 bp −$8 | 430.1 bp −$4,301 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 5 min ago | 3.33 bp | 18.6 bp −$19 | 31.1 bp −$311 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0414% | 1h | 4.5573 | −0.146% | $7.5M | $38.7M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.5762 | +0.268% | $2K | — | 20x | as long as short |
| Phemex NEARUSDT | −0.0137% | 8h | 4.5530 | −0.241% | $3.6M | $7.7M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.5519 | −0.265% | $111K | $53K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.5509 | −0.287% | $171K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −9.268% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.5680 | +0.088% | $121K | $512K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.5675 | +0.077% | $2.7M | $4.7M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.5712 | +0.157% | $277.4M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.5817 | +0.388% | $238.2M | $433.9M | 75x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
Phemex NEARUSDT
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.5770 | +0.285% | $64.9M | $312.2M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.5700 | +0.131% | $238K | $1.4M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5050 | −1.293% | $260K | $3K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.5497 | −0.313% | $39.0M | $64.5M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.5510 | −0.285% | $88.0M | $166.2M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.5550 | −0.197% | $54.0M | $45.6M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.5753 | +0.248% | $75.5M | $127.2M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.5570 | −0.153% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.5318 | −0.707% | $9.4M | $17.8M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.5430 | −0.460% | $268K | $900K | 20x | as long as short |
| GRVT NEAR_USDT_Perpshort | +0.0100% | 8h | 4.5537 | −0.226% | $1.5M | $1.6M | 10x | |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.5480 | −0.351% | $171K | $825K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.5837 | +0.432% | $285K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.5560 | −0.175% | $58K | $239K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5680 | +0.088% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.5565 | −0.164% | $5K | $49K | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.5543 | −0.212% | $3.8M | $15.1M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.5584 | −0.122% | $212K | $38K | 3x | as long as short |
| Paradex NEAR-USD-PERP | +0.0106% | 8h | 4.5537 | −0.226% | $33K | $413 | 10x | as long as short |
| Kalshi KXNEARPERP | +0.0130% | 8h | 4.5642 | +0.004% | $943K | $25.5M | 2.2x | as long as short |
| Nado NEAR-PERP | +0.0211% | 1h | 4.5780 | +0.307% | $1.8M | $3.2M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.5450 | −0.416% | $12.8M | $33.5M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0348% / S −0.0244% | 1h | 4.5582 | −0.127% | $268K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0384% | 1h | 4.5725 | +0.186% | $13K | $5K | 10x | as long as short |
| HTX NEAR-USDT | +0.0392% | 8h | 4.5690 | +0.110% | $481K | $3.8M | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.5651 | +0.024% | $2.4M | $18.0M | 50x | as long as short |
| Hyperliquid NEAR | +0.0495% | 1h | 4.5793 | +0.335% | $372.7M | $319.6M | 10x | as long as short |
| Lighter NEAR | +0.0560% | 1h | 4.5604 | −0.079% | $17.9M | $24.3M | 15x | as long as short |
| Lighter RH NEAR | +0.0592% | 1h | 4.5608 | −0.070% | $1.6M | $6.6M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0643% | 1h | 4.5571 | −0.151% | $1.1M | $7.2M | 20x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.5686 | +0.101% | $649K | $1.6M | 10x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.5542 | −0.215% | $429K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0740% | 1h | 4.5702 | +0.136% | $1.7M | $2.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1241% | 1h | 4.5222 | −0.916% | $6K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALlong | +0.2276% | 1h | 4.5640 | long leg | $2.0M | $13.1M | 25x |
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Extended NEAR-USD
Aevo NEAR-PERP
Paradex NEAR-USD-PERP
Kalshi KXNEARPERP
Nado NEAR-PERP
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
HTX NEAR-USDT
Coinbase International NEAR-PERP-INTX
Hyperliquid NEAR
Lighter NEAR
Lighter RH NEAR
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Pacifica NEAR
Phoenix NEAR
Aftermath Perps NEARUSD