Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.022%
Price spread now: Extended against GRVT−0.226%72s7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$710.714% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 4 days (all we have)−0.316%−$32 · spread now −0.226%, 7d avg −0.062%
=Together, before fees−0.379%+ Points / potential airdropGRVT: Active · Extended: Active · farm board−$38 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: Extended is 0.164% cheaper against GRVT than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.062%. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT OP_USDT_Perp | 0.1252 | 0.0100 | pay 0.0100% / 8h | 2h 00m | $309K | $5.4M | 10x |
| Short | Extended OP-USD | 0.1249 | 0.0104 | get 0.0013% / 1h | 0m 12s | $101K | $506K | 25x |
GRVT OP_USDT_Perp
Extended OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: −0.226% → −0.062%
- −$16.4
- Slippage, 4 orders
- −$57.43
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$87
- Costs to cover
- 0.714%
- Break-even
- 732.0 days
Slippage from GRVT: live order book, 4 min ago; Extended: live order book, 47 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, 4 min ago | 4.00 bp | 16.9 bp −$17 | 150.7 bp −$1,507 | 13039.8 bp −$1.30M | doesn't fit |
| Sell Extended live order book, 47 min ago | 11.80 bp | 21.0 bp −$21 | 140.8 bp −$1,408 | 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 | −0.1583% | 1h | 0.1247 | −0.424% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1251 | −0.096% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0549% | 1h | 0.1250 | −0.185% | $33K | $153K | 25x | as long as short |
| Orderly PERP_OP_USDC | −0.0017% | 8h | 0.1250 | −0.185% | $59K | $142K | 10x | as long as short |
| Variational Omni OP | −0.0003% | 8h | 0.1251 | −0.104% | $222K | $46K | — | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1253 | +0.039% | $39K | $522 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1251 | −0.072% | — | — | 150x | as long as short |
| Bybit OPUSDT | +0.0056% | 8h | 0.1250 | −0.177% | $18.4M | $25.7M | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0075% | 1h | 0.1251 | −0.106% | $750K | $633K | 20x | as long as short |
| OKX OP-USDT-SWAP | +0.0090% | 8h | 0.1249 | −0.289% | $6.1M | $29.0M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Orderly PERP_OP_USDC
Variational Omni OP
dYdX OP-USD
gTrade (Gains Network) OP/USD
Bybit OPUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin OPUSDTM | +0.0095% | 8h | 0.1250 | −0.185% | $2.8M | $6.3M | 75x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1251 | −0.137% | $275K | $1.1M | 15x | as long as short |
| SoDEX OP-USD | +0.0096% | 1h | 0.1250 | −0.217% | $207 | $6K | 5x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1249 | −0.241% | $3.5M | $3.3M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1252 | −0.021% | $204K | $213K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1250 | −0.179% | $19.5M | $64.9M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1250 | −0.185% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1249 | −0.249% | $23.1M | $7.7M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1250 | −0.185% | $5.8M | $6.7M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1250 | −0.185% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1249 | −0.305% | $104K | $214K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1250 | −0.149% | $379K | $768K | 10x | as long as short |
| GRVT OP_USDT_Perplong | +0.0100% | 8h | 0.1252 | long leg | $309K | $5.4M | 10x | |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1253 | +0.055% | $43K | $704K | 50x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1251 | −0.105% | $173K | $245K | 50x | as long as short |
| Extended OP-USDshort | +0.0104% | 1h | 0.1249 | −0.226% | $101K | $506K | 25x | |
| Aevo OP-PERP | +0.0104% | 1h | 0.1250 | −0.167% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1254 | +0.135% | $26K | $60K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1252 | −0.025% | $985K | $306K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1250 | −0.200% | $695 | — | 20x | as long as short |
KuCoin OPUSDTM
Lighter OP
SoDEX OP-USD
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
HTX OP-USDT
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP