Funding you earn now, next payment 16:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.17 per $10,000 · paid last 24h −0.019%
Price spread now: GRVT against BloFin+0.016%7-day average −0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$620.616% of the position
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 4 days (all we have)−0.261%−$26 · spread now +0.016%, 7d avg −0.064%
=Together, before fees−0.401%+ Points / potential airdropGRVT: Active · farm board−$40 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.080% dearer against BloFin than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.064%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.140% in total) that is about 4.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OP-USDT | 0.1228 | −0.0015 | get 0.0015% / 8h | 4h 52m | $979K | $257K | 75x |
| Short | GRVT OP_USDT_Perp | 0.1228 | −0.0032 | pay 0.0032% / 8h | 4h 52m | $303K | $5.8M | 10x |
BloFin OP-USDT
GRVT OP_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against BloFin. 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
- −$3.63
- Price spread: +0.016% → −0.064%
- $8
- Slippage, 4 orders
- −$40.62
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$57.25
- Costs to cover
- 0.616%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 52 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 BloFin live order book, 52 min ago | 0.81 bp | 6.8 bp −$7 | 21.6 bp −$216 | 62.9 bp −$6,289 | doesn't fit |
| Sell GRVT live order book, 5 min ago | 4.07 bp | 19.8 bp −$20 | 60.0 bp −$600 | doesn't fit | doesn't fit |
OP on 30 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1230 | +0.156% | $13K | — | 100x | as long as short |
| Hyperliquid OP | −0.0526% | 1h | 0.1227 | −0.065% | $3.9M | $3.9M | 5x | as long as short |
| Binance OPUSDT | −0.0136% | 8h | 0.1226 | −0.122% | $18.9M | $65.6M | 75x | as long as short |
| Extended OP-USD | −0.0136% | 1h | 0.1227 | −0.094% | $102K | $638K | 25x | as long as short |
| MEXC OP_USDT | −0.0134% | 8h | 0.1226 | −0.130% | $21.5M | $7.1M | 300x | as long as short |
| Gate OP_USDT | −0.0084% | 8h | 0.1228 | +0.024% | $1.9M | $1.3M | 50x | as long as short |
| Orderly PERP_OP_USDC | −0.0081% | 8h | 0.1229 | +0.098% | $12K | $231K | 10x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0056% | 1h | 0.1233 | +0.424% | $24K | $68K | 50x | as long as short |
| Kraken Futures PF_OPUSD | −0.0054% | 1h | 0.1230 | +0.216% | $730K | $735K | 20x | as long as short |
| GRVT OP_USDT_Perpshort | −0.0032% | 8h | 0.1228 | +0.016% | $303K | $5.8M | 10x |
GMX OP/USD [OP-USDC]
Hyperliquid OP
Binance OPUSDT
Extended OP-USD
MEXC OP_USDT
Gate OP_USDT
Orderly PERP_OP_USDC
Coinbase International OP-PERP-INTX
Kraken Futures PF_OPUSDShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin OP-USDTlong | −0.0015% | 8h | 0.1228 | long leg | $979K | $257K | 75x | |
| dYdX OP-USD | 0.0000% | 1h | 0.1228 | −0.010% | $38K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1230 | +0.179% | $30K | $112K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1230 | +0.146% | — | — | 150x | as long as short |
| Injective OP/USDC PERP | +0.0033% | 1h | 0.1231 | +0.261% | $34K | $67K | 12x | as long as short |
| Variational Omni OP | +0.0048% | 8h | 0.1228 | +0.026% | $218K | $45K | — | as long as short |
| Aevo OP-PERP | +0.0048% | 1h | 0.1228 | +0.028% | $3K | $1K | 3x | as long as short |
| KuCoin OPUSDTM | +0.0062% | 8h | 0.1227 | −0.065% | $2.9M | $5.4M | 75x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1227 | −0.024% | $253K | $1.1M | 15x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1228 | −0.013% | $203K | $211K | 10x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1226 | −0.114% | $17.7M | $24.3M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1227 | −0.049% | $5.9M | $26.7M | 50x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1227 | −0.065% | $5.8M | $6.7M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1226 | −0.147% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1228 | +0.016% | $111K | $215K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1228 | −0.024% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1228 | +0.016% | $42K | $686K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1229 | +0.081% | $186 | $5K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1229 | +0.090% | $167K | $263K | 50x | as long as short |
| Reya OPRUSDPERP | +0.0447% | 1h | 0.1227 | −0.040% | $682 | — | 20x | as long as short |
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Injective OP/USDC PERP
Variational Omni OP
Aevo OP-PERP
KuCoin OPUSDTM
Lighter OP
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Reya OPRUSDPERP