Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%
Price spread now: Binance against GRVT−0.016%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$610.614% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 7 days+0.138%+$14 · spread now −0.016%, 7d avg +0.022%
=Together, before fees+0.068%+ Points / potential airdropGRVT: Active · farm board+$7 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: Binance is 0.038% cheaper against GRVT than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT OP_USDT_Perp | 0.1263 | 0.0100 | pay 0.0100% / 8h | 3h 13m | $316K | $5.1M | 10x |
| Short | Binance OPUSDT | 0.1262 | 0.0100 | get 0.0100% / 8h | 3h 13m | $20.3M | $60.9M | 75x |
GRVT OP_USDT_Perp
Binance OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against GRVT. 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: −0.016% → +0.022%
- −$3.8
- Slippage, 4 orders
- −$42.39
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$65.19
- Costs to cover
- 0.614%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 6 min ago; Binance: live order book, 14 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 GRVT live order book, 6 min ago | 3.95 bp | 17.6 bp −$18 | 129.4 bp −$1,294 | 12358.4 bp −$1.24M | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.40 bp | 8.9 bp −$9 | 16.9 bp −$169 | 80.6 bp −$8,058 | 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 | −0.1568% | 1h | 0.1258 | −0.366% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1262 | −0.023% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1263 | +0.028% | $39K | $532 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1262 | −0.049% | $42K | $138K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1263 | +0.010% | — | — | 150x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0032% | 1h | 0.1270 | +0.584% | $25K | $56K | 50x | as long as short |
| Variational Omni OP | +0.0042% | 8h | 0.1262 | −0.087% | $223K | $48K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1262 | −0.049% | $6K | $46K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.0057% | 1h | 0.1263 | +0.017% | $774K | $548K | 20x | as long as short |
| OKX OP-USDT-SWAP | +0.0093% | 8h | 0.1262 | −0.081% | $6.2M | $28.4M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Coinbase International OP-PERP-INTX
Variational Omni OP
Orderly PERP_OP_USDC
Kraken Futures PF_OPUSD
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter OP | +0.0096% | 1h | 0.1263 | +0.014% | $275K | $947K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1263 | +0.069% | $3.7M | $2.8M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1263 | +0.053% | $211K | $216K | 10x | as long as short |
| Binance OPUSDTshort | +0.0100% | 8h | 0.1262 | −0.016% | $20.3M | $60.9M | 75x | |
| Bybit OPUSDT | +0.0100% | 8h | 0.1261 | −0.105% | $18.5M | $24.8M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1262 | −0.018% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1262 | −0.026% | $21.2M | $7.3M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1261 | −0.129% | $2.8M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1262 | −0.049% | $5.8M | $6.5M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1263 | +0.030% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1261 | −0.097% | $117K | $206K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1263 | +0.049% | $4K | $390K | 10x | as long as short |
| GRVT OP_USDT_Perplong | +0.0100% | 8h | 0.1263 | long leg | $316K | $5.1M | 10x | |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1265 | +0.188% | $43K | $709K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1262 | −0.049% | $197 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1263 | +0.053% | $171K | $229K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1261 | −0.104% | $102K | $393K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1262 | −0.049% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1263 | +0.006% | $1.0M | $280K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0442% | 1h | 0.1262 | −0.033% | $702 | — | 20x | as long as short |
Lighter OP
Hyperliquid OP
Aster OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Reya OPRUSDPERP