Funding you earn now, next payment 05:00 UTC−0.0114%/8h= −12.5% APRpaid last 24h +0.018%
Price spread now: GRVT against Deribit−0.071%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 7 days+0.190%+$19 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.071%, 7d avg −0.049%
=Together, before fees+0.181%+ Points / potential airdropGRVT: Active · farm board+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GRVT is 0.023% cheaper against Deribit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.049%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.190%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PAXG_USDC-PERPETUAL | 4,338.2 | 0 | get 0.0000% / 1h | 30m 58s | $7.9M | $868K | 50x |
| Short | GRVT PAXG_USDT_Perp | 4,335.2 | −0.0114 | pay 0.0057% / 4h | 3h 30m | $1.5M | $1.9M | 10x |
Deribit PAXG_USDC-PERPETUAL
GRVT PAXG_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
- −$23.94
- Price spread: −0.071% → −0.049%
- −$2.26
- Slippage, 4 orders
- −$12.04
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$54.24
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 3 min ago; GRVT: 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 Deribit live order book, 3 min ago | 3.27 bp | 10.5 bp −$10 | 16.7 bp −$167 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 2 min ago | 0.01 bp | 4.6 bp −$5 | 5.2 bp −$52 | doesn't fit | doesn't fit |
PAXG on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0168% | 1h | 4,335.3 | −0.068% | $42K | $154K | 20x | as long as short |
| Lighter PAXG | −0.0160% | 1h | 4,333.4 | −0.113% | $1.4M | $368K | 25x | as long as short |
| GRVT PAXG_USDT_Perpshort | −0.0114% | 4h | 4,335.2 | −0.071% | $1.5M | $1.9M | 10x | |
| ApeX Omni PAXGUSDT | −0.0077% | 1h | 4,334.3 | −0.090% | $262K | $786K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,334.8 | −0.080% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,336.7 | −0.036% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,329.5 | −0.201% | $1K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUALlong | 0.0000% | 1h | 4,338.2 | long leg | $7.9M | $868K | 50x | |
| HTX PAXG-USDT | 0.0000% | 4h | 4,342.8 | +0.104% | $903K | $687K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.209% | $1K | $151K | 30x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
ApeX Omni PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
HTX PAXG-USDT
Injective PAXG/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0040% | 1h | 4,332.9 | −0.123% | $378K | $1.4M | 25x | as long as short |
| Binance PAXGUSDT | +0.0043% | 4h | 4,334.2 | −0.093% | $79.9M | $70.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0044% | 4h | 4,337.3 | −0.022% | $16.1M | $1.0M | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,335.5 | −0.064% | $1.3M | $1.4M | 20x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,335 | −0.074% | $81K | $3.6M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.6 | −0.084% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,334.5 | −0.086% | $20.7M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,334.3 | −0.091% | $904K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,337.1 | −0.027% | $1.0M | $342K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,335.7 | −0.059% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,337.5 | −0.017% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,334.2 | −0.093% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,335.7 | −0.058% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,335 | −0.076% | $1.3M | $799K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,335 | −0.075% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,332 | −0.144% | $1.5M | $38K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,334.6 | −0.085% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,339.5 | +0.030% | $987K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0960% | 1h | 4,345.5 | +0.167% | $29K | $24K | 10x | as long as short |
Extended PAXG-USD
Binance PAXGUSDT
MEXC PAXG_USDT
Kraken Futures PF_PAXGUSD
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD