Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.064%
Price spread now: GRVT against Deribit−0.232%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$680.684% of the position
Funding, last 7 days+0.284%+$28 on $10k
+Price spread, last 4 days (all we have)+0.125%+$12 · spread now −0.232%, 7d avg −0.065%
=Together, before fees+0.409%+ Points / potential airdropGRVT: Active · farm board+$41 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.167% cheaper against Deribit than usual: you would sell low and buy high (spread −0.232% now, against its 7-day average of −0.065%). If the spread goes back, that is −$17 on $10k: about 5.6 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit OP_USDC-PERPETUAL | 0.1274 | 0 | get 0.0000% / 1h | 29m 02s | $42K | $141K | 25x |
| Short | GRVT OP_USDT_Perp | 0.1271 | 0.0100 | get 0.0100% / 8h | 4h 29m | $318K | $5.1M | 10x |
Deribit OP_USDC-PERPETUAL
GRVT OP_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
- $21
- Price spread: −0.232% → −0.065%
- −$16.66
- Slippage, 4 orders
- −$52.43
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$64.1
- Costs to cover
- 0.684%
- Break-even
- 28.4 days
Slippage from Deribit: 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 Deribit live order book, 29 min ago | 7.93 bp | 11.4 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 5 min ago | 3.97 bp | 27.1 bp −$27 | 133.9 bp −$1,339 | 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 | −0.1607% | 1h | 0.1268 | −0.471% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1274 | +0.014% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1276 | +0.157% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUALlong | 0.0000% | 1h | 0.1274 | long leg | $42K | $141K | 25x | |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1275 | +0.053% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0046% | 8h | 0.1271 | −0.204% | $6.2M | $28.8M | 50x | as long as short |
| Variational Omni OP | +0.0053% | 8h | 0.1271 | −0.273% | $225K | $48K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1274 | 0.000% | $6K | $44K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1274 | +0.008% | $280K | $941K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1273 | −0.039% | $3.7M | $2.8M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
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 | 0.1275 | +0.072% | $213K | $219K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1271 | −0.220% | $20.5M | $60.3M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1271 | −0.259% | $18.6M | $24.9M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1274 | 0.000% | $2.0M | $1.4M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1273 | −0.118% | $21.5M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1273 | −0.078% | $2.9M | $6.6M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1272 | −0.157% | $5.9M | $6.4M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1273 | −0.094% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1272 | −0.141% | $126K | $201K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1270 | −0.286% | $4K | $389K | 10x | as long as short |
| GRVT OP_USDT_Perpshort | +0.0100% | 8h | 0.1271 | −0.232% | $318K | $5.1M | 10x | |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1261 | −1.020% | $43K | $710K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1274 | +0.016% | $203 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1275 | +0.055% | $175K | $228K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1274 | −0.014% | $104K | $394K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1274 | +0.023% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0168% | 1h | 0.1262 | −0.942% | $24K | $64K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1273 | −0.071% | $1.0M | $280K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0345% | 1h | 0.1275 | +0.063% | $794K | $547K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0441% | 1h | 0.1274 | +0.030% | $709 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
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
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP