Funding you earn now, next payment 05:00 UTC+0.0580%/8h= +63.5% APRpaid last 24h +0.148%
Price spread now: GRVT against Coinbase International+0.092%76s7-day average +0.380% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as 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−$1611.613% of the position
Funding, last 7 days+0.384%+$38 on $10k
+Price spread, last 4 days (all we have)+1.044%+$104 · spread now +0.092%, 7d avg +0.380%
=Together, before fees+1.428%+ Points / potential airdropGRVT: Active · farm board+$143 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.288% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.092% now, against its 7-day average of +0.380%). If the spread goes back, that is −$29 on $10k: about 40 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.384% in total) that is about 5.2 days. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.384% in total (about 20.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International POL-PERP-INTX | 0.1089 | −0.0480 | get 0.0060% / 1h | 41m 51s | $201K | $199K | 50x |
| Short | GRVT POL_USDT_Perp | 0.1090 | 0.0100 | get 0.0050% / 4h | 2h 41m | $1.1M | $2.8M | 10x |
Coinbase International POL-PERP-INTX
GRVT POL_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Coinbase International. 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
- $121.8
- Price spread: +0.092% → +0.380%
- −$28.8
- Slippage, 4 orders
- −$142.33
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$68.33
- Costs to cover
- 1.613%
- Break-even
- 10.9 days
Slippage from Coinbase International: live order book, 6 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 Coinbase International live order book, 6 min ago | 18.33 bp | 23.3 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 2 min ago | 0.92 bp | 15.7 bp −$16 | 37.5 bp −$375 | 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-INTXlong | −0.0480% | 1h | 0.1089 | long leg | $201K | $199K | 50x | |
| Gate POL_USDT | −0.0242% | 4h | 0.1090 | +0.101% | $1.8M | $1.3M | 75x | as long as short |
| Kraken Futures PF_POLUSD | −0.0140% | 1h | 0.1092 | +0.230% | $1.2M | $1.0M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1091 | +0.138% | $2K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1092 | +0.255% | $19K | $4K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0001% | 1h | 0.1092 | +0.245% | $12K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +2.020% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDC | +0.0038% | 4h | 0.1091 | +0.193% | $11K | $840K | 20x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1091 | +0.199% | $278K | $541K | 8x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1093 | +0.349% | $7.4M | $3.7M | 5x | as long as short |
Gate POL_USDT
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Orderly PERP_POL_USDC
Lighter POL
Hyperliquid POLShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster POLUSDT | +0.0100% | 4h | 0.1091 | +0.220% | $362K | $242K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1091 | +0.179% | $16.7M | $38.5M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1091 | +0.147% | $15.7M | $10.6M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1091 | +0.165% | $5.6M | $9.4M | 50x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1091 | +0.184% | $24.6M | $3.2M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1091 | +0.193% | $2.9M | $939K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1091 | +0.174% | $4.0M | $4.1M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1091 | +0.165% | — | $7.1M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1089 | +0.024% | $603K | $166K | — | as long as short |
| GRVT POL_USDT_Perpshort | +0.0100% | 4h | 0.1090 | +0.092% | $1.1M | $2.8M | 10x | |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1091 | +0.184% | $194K | $632K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1090 | +0.130% | $91K | $276K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1090 | +0.046% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1092 | +0.237% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1090 | +0.101% | $898K | $160K | 75x | as long as short |
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
OKX POL-USDT-SWAP
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT