Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%
Price spread now: Bybit against GRVT+1.091%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs+$43as in the Price arb table
costs, in and out, $10k−$700.698% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 7 days−1.026%−$103 · spread now +1.091%, 7d avg −0.041%
=Together, before fees−1.076%+ Points / potential airdropGRVT: Active · farm board−$108 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: Bybit is 1.133% dearer against GRVT than usual: you sell high and buy low, +$113 on $10k if it goes back to its 7-day average of −0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT OP_USDT_Perp | 0.1257 | 0.0100 | pay 0.0100% / 8h | 4h 31m | $314K | $5.1M | 10x |
| Short | Bybit OPUSDT | 0.1270 | 0.0100 | get 0.0100% / 8h | 4h 31m | $18.6M | $25.2M | 75x |
GRVT OP_USDT_Perp
Bybit OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +1.091% → −0.041%
- $113.25
- Slippage, 4 orders
- −$49.78
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $43.47
- Costs to cover
- 0.698%
- Break-even
- from the start
Slippage from GRVT: live order book, 3 min ago; Bybit: 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 GRVT live order book, 3 min ago | 3.97 bp | 18.5 bp −$18 | 149.9 bp −$1,499 | 11526.0 bp −$1.15M | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.79 bp | 11.7 bp −$12 | 32.0 bp −$320 | 80.2 bp −$8,015 | 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 | 0.1252 | −0.381% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1271 | +1.161% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1271 | +1.113% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1268 | +0.893% | $42K | $141K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1272 | +1.185% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0043% | 8h | 0.1271 | +1.123% | $6.2M | $28.9M | 50x | as long as short |
| Variational Omni OP | +0.0046% | 8h | 0.1253 | −0.291% | $222K | $49K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1271 | +1.131% | $6K | $45K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1271 | +1.139% | $280K | $940K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1273 | +1.275% | $3.7M | $2.8M | 5x | 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
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 | 0.1271 | +1.148% | $212K | $219K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1272 | +1.196% | $20.6M | $60.6M | 75x | as long as short |
| Bybit OPUSDTshort | +0.0100% | 8h | 0.1270 | +1.091% | $18.6M | $25.2M | 75x | |
| Gate OP_USDT | +0.0100% | 8h | 0.1272 | +1.211% | $2.0M | $1.4M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1271 | +1.139% | $21.5M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1271 | +1.131% | $2.9M | $6.6M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1272 | +1.211% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1271 | +1.131% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1268 | +0.901% | $123K | $200K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1257 | −0.016% | $4K | $388K | 10x | as long as short |
| GRVT OP_USDT_Perplong | +0.0100% | 8h | 0.1257 | long leg | $314K | $5.1M | 10x | |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1261 | +0.336% | $43K | $710K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1268 | +0.901% | $205 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1267 | +0.789% | $174K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1271 | +1.124% | $102K | $391K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1268 | +0.893% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0168% | 1h | 0.1262 | +0.415% | $24K | $69K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1265 | +0.646% | $1.0M | $279K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0347% | 1h | 0.1268 | +0.909% | $790K | $565K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0441% | 1h | 0.1271 | +1.158% | $707 | — | 20x | as long as short |
Aster OPUSDT
Binance 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
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP