Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.019%
Price spread now: GRVT against Binance−0.049%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$620.620% of the position
Funding, last 7 days+0.055%+$5 on $10k
+Price spread, last 7 days+0.053%+$5 · spread now −0.049%, 7d avg −0.018%
=Together, before fees+0.108%+ Points / potential airdropGRVT: Active · farm board+$11 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: GRVT is 0.031% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPUSDT | 0.1280 | 0.0100 | pay 0.0100% / 8h | 1h 17m | $20.8M | $61.8M | 75x |
| Short | GRVT OP_USDT_Perp | 0.1279 | 0.0100 | get 0.0100% / 8h | 1h 17m | $320K | $5.1M | 10x |
Binance OPUSDT
GRVT OP_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Binance. 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: −0.049% → −0.018%
- −$3.09
- Slippage, 4 orders
- −$43.04
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$65.12
- Costs to cover
- 0.620%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; GRVT: live order book, 2 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 Binance live order book, 10 min ago | 0.39 bp | 10.6 bp −$11 | 20.6 bp −$206 | 99.3 bp −$9,933 | doesn't fit |
| Sell GRVT live order book, 2 min ago | 3.91 bp | 25.3 bp −$25 | 278.3 bp −$2,783 | doesn't fit | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1710% | 1h | 0.1274 | −0.438% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1279 | −0.013% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0360% | 1h | 0.1269 | −0.828% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1280 | +0.044% | $40K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1280 | +0.031% | $42K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1280 | +0.021% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0053% | 8h | 0.1278 | −0.157% | $233K | $53K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0059% | 8h | 0.1279 | −0.047% | $6K | $49K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1281 | +0.086% | $280K | $911K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1281 | +0.086% | $4.1M | $2.9M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1280 | +0.039% | $214K | $241K | 10x | as long as short |
| Binance OPUSDTlong | +0.0100% | 8h | 0.1280 | long leg | $20.8M | $61.8M | 75x | |
| Bybit OPUSDT | +0.0100% | 8h | 0.1279 | −0.055% | $18.8M | $25.4M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1280 | +0.016% | $6.0M | $30.3M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1280 | +0.031% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1279 | −0.023% | $20.2M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1279 | −0.047% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1280 | +0.031% | $6.1M | $6.2M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1280 | +0.008% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1279 | −0.016% | $125K | $192K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1278 | −0.101% | $9K | $383K | 10x | as long as short |
| GRVT OP_USDT_Perpshort | +0.0100% | 8h | 0.1279 | −0.049% | $320K | $5.1M | 10x | |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1278 | −0.125% | $46K | $721K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1280 | +0.016% | $187 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1281 | +0.078% | $177K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1280 | 0.000% | $102K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1280 | −0.005% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1280 | +0.047% | $1.0M | $290K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0225% | 1h | 0.1281 | +0.130% | $801K | $745K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0437% | 1h | 0.1279 | −0.023% | $711 | — | 20x | as long as short |
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP