Funding you earn now, next payment 08:00 UTC+0.0108%/8h= +11.8% APRnext payment +$0.54 per $10,000 · paid last 24h +0.012%
Price spread now: Bybit against GRVT−0.012%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$240.237% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 7 days−0.013%−$1 · spread now −0.012%, 7d avg −0.005%
=Together, before fees+0.006%+ Points / potential airdropGRVT: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT PAXG_USDT_Perp | 4,337.6 | −0.0008 | get 0.0004% / 4h | 3h 10m | $1.5M | $1.9M | 10x |
| Short | Bybit PAXGUSDT | 4,337.1 | 0.0100 | get 0.0050% / 4h | 3h 10m | $14.9M | $3.8M | 75x |
GRVT PAXG_USDT_Perp
Bybit PAXGUSDTFunding 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
- $22.68
- Price spread: −0.012% → −0.005%
- −$0.76
- Slippage, 4 orders
- −$3.74
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1.82
- Costs to cover
- 0.237%
- Break-even
- 7.6 days
Slippage from GRVT: live order book, 2 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, 2 min ago | 0.01 bp | 5.4 bp −$5 | 7.8 bp −$78 | 1136.8 bp −$113.7K | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.12 bp | 7.6 bp −$8 | 10.4 bp −$104 | 27.8 bp −$2,780 | 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 | −0.0176% | 1h | 4,336.7 | −0.020% | $42K | $157K | 20x | as long as short |
| Lighter PAXG | −0.0144% | 1h | 4,335.4 | −0.051% | $1.4M | $368K | 25x | as long as short |
| ApeX Omni PAXGUSDT | −0.0025% | 1h | 4,335.7 | −0.045% | $262K | $786K | 50x | as long as short |
| GRVT PAXG_USDT_Perplong | −0.0008% | 4h | 4,337.6 | long leg | $1.5M | $1.9M | 10x | |
| dYdX PAXG-USD | 0.0000% | 1h | 4,338.3 | +0.016% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,338.7 | +0.025% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,332.2 | −0.125% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,340.5 | +0.066% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,340.3 | +0.062% | $903K | $689K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.223% | $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
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0036% | 4h | 4,338.7 | +0.026% | $16.1M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | +0.0037% | 4h | 4,335.8 | −0.042% | $79.9M | $70.4M | 75x | as long as short |
| Extended PAXG-USD | +0.0040% | 1h | 4,334.7 | −0.068% | $379K | $1.5M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,337.5 | −0.003% | $1.3M | $1.4M | 20x | as long as short |
| Aster PAXGUSDT | +0.0086% | 4h | 4,336.2 | −0.033% | $905K | $27K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,336.9 | −0.016% | $81K | $3.5M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.7 | −0.067% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,336.7 | −0.021% | $20.8M | $2.3M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,339 | +0.032% | $1.0M | $340K | 10x | as long as short |
| Bybit PAXGUSDTshort | +0.0100% | 4h | 4,337.1 | −0.012% | $14.9M | $3.8M | 75x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,339.3 | +0.039% | $28.6M | $5.2M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,337.2 | −0.009% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,337 | −0.014% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,337.4 | −0.004% | $1.3M | $799K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,336.2 | −0.032% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,335 | −0.060% | $1.5M | $38K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,336.1 | −0.035% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,339.1 | +0.034% | $956K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0888% | 1h | 4,348.4 | +0.248% | $29K | $24K | 10x | as long as short |
MEXC PAXG_USDT
Binance PAXGUSDT
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Aster PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
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