Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.057%
Price spread now: GRVT against BloFin−0.091%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$650.654% of the position
Funding, last 7 days−0.283%−$28 on $10k
+Price spread, last 4 days (all we have)+0.270%+$27 · spread now −0.091%, 7d avg +0.018%
=Together, before fees−0.013%+ Points / potential airdropGRVT: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and GRVT is 0.109% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin POL-USDT | 0.1093 | 0.0340 | pay 0.0170% / 4h | 46m 39s | $899K | $146K | 75x |
| Short | GRVT POL_USDT_Perp | 0.1092 | 0.0100 | get 0.0050% / 4h | 46m 39s | $1.1M | $2.8M | 10x |
BloFin POL-USDT
GRVT POL_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against BloFin. 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
- −$50.4
- Price spread: −0.091% → +0.018%
- −$10.93
- Slippage, 4 orders
- −$44.35
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$126.68
- Costs to cover
- 0.654%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 35 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 BloFin live order book, 35 min ago | 0.46 bp | 8.6 bp −$9 | 14.3 bp −$143 | 67.2 bp −$6,719 | doesn't fit |
| Sell GRVT live order book, 2 min ago | 1.37 bp | 21.1 bp −$21 | 45.0 bp −$450 | doesn't fit | doesn't fit |
POL on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International POL-PERP-INTX | −0.0544% | 1h | 0.1090 | −0.302% | $202K | $179K | 50x | as long as short |
| Gate POL_USDT | −0.0286% | 4h | 0.1095 | +0.174% | $1.8M | $1.3M | 75x | as long as short |
| Kraken Futures PF_POLUSD | −0.0232% | 1h | 0.1096 | +0.252% | $1.2M | $994K | 50x | as long as short |
| OKX POL-USDT-SWAP | −0.0019% | 4h | 0.1095 | +0.192% | $5.7M | $9.3M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0008% | 4h | 0.1095 | +0.174% | $11K | $1.7M | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1096 | +0.205% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1096 | +0.218% | $19K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0001% | 1h | 0.1096 | +0.274% | $12K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +1.619% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1096 | +0.223% | $277K | $543K | 8x | as long as short |
Coinbase International POL-PERP-INTX
Gate POL_USDT
Kraken Futures PF_POLUSD
OKX POL-USDT-SWAP
Orderly PERP_POL_USDC
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Lighter POLShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid POL | +0.0100% | 1h | 0.1097 | +0.366% | $7.4M | $3.7M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1097 | +0.297% | $363K | $169K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1095 | +0.201% | $16.7M | $36.3M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1095 | +0.165% | $15.7M | $9.5M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1096 | +0.210% | $25.1M | $3.3M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1096 | +0.274% | $2.9M | $918K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1096 | +0.238% | $4.1M | $3.9M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1096 | +0.229% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1091 | −0.180% | $604K | $166K | — | as long as short |
| GRVT POL_USDT_Perpshort | +0.0100% | 4h | 0.1092 | −0.091% | $1.1M | $2.8M | 10x | |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1093 | −0.027% | $194K | $642K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1095 | +0.174% | $91K | $493K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1094 | +0.064% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1096 | +0.274% | $3K | — | 100x | as long as short |
| BloFin POL-USDTlong | +0.0340% | 4h | 0.1093 | long leg | $899K | $146K | 75x |
Hyperliquid POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]