Funding you earn now, next payment 04:00 UTC+0.0548%/8h= +60.0% APRnext payment +$2.74 per $10,000 · paid last 24h −0.013%
Price spread now: GRVT against Binance+0.301%49s7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$174as 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−$1891.891% of the position
Funding, last 7 days+0.149%+$15 on $10k
+Price spread, last 3 days (all we have)−0.105%−$10 · spread now +0.301%, 7d avg +0.096%
=Together, before fees+0.044%+ Points / potential airdropGRVT: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and GRVT is 0.204% dearer against Binance than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.096%. The two prices were read 49 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 0.149% in total (about 7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.74 per $10,000. 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 | Binance POPCATUSDT | 0.05656 | 0.0100 | pay 0.0050% / 4h | 3h 40m | $2.4M | $6.6M | 50x |
| Short | GRVT POPCAT_USDT_Perp | 0.05673 | 0.0648 | get 0.0324% / 4h | 3h 40m | $254K | $493K | 10x |
Binance POPCATUSDT
GRVT POPCAT_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Binance. 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
- $115.08
- Price spread: +0.301% → +0.096%
- $20.43
- Slippage, 4 orders
- −$170.11
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$53.61
- Costs to cover
- 1.891%
- Break-even
- 10.3 days
Slippage from Binance: live order book, 13 min ago; GRVT: live order book, 32 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 Binance live order book, 13 min ago | 1.77 bp | 22.0 bp −$22 | 83.2 bp −$832 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 32 min ago | 7.99 bp | 46.1 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 18 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 POPCAT/USDC PERP | −0.4945% | 1h | 0.05301 | −6.277% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.0393% | 1h | 0.05649 | −0.127% | $151K | $142K | 20x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05648 | −0.139% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05655 | −0.018% | $102K | $46K | 10x | as long as short |
| Binance POPCATUSDTlong | +0.0100% | 4h | 0.05656 | long leg | $2.4M | $6.6M | 50x | |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05646 | −0.177% | $9.0M | $6.1M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05656 | 0.000% | $703K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05650 | −0.106% | $456K | $647K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05655 | −0.018% | $1.9M | $942K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05655 | −0.018% | $1.1M | $987K | 50x | as long as short |
Injective POPCAT/USDC PERP
Kraken Futures PF_POPCATUSD
Reya POPCATRUSDPERP
Lighter POPCAT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05658 | +0.035% | $1.2M | $931K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05656 | 0.000% | — | $6.8M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05636 | −0.360% | $512K | $169K | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05640 | −0.283% | $23K | $652K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05649 | −0.127% | $97K | $552K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05654 | −0.035% | $124K | $297K | 50x | as long as short |
| GRVT POPCAT_USDT_Perpshort | +0.0648% | 4h | 0.05673 | +0.301% | $254K | $493K | 10x | |
| Hyperliquid POPCAT | +0.1119% | 1h | 0.05670 | +0.244% | $2.6M | $1.0M | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDT
Variational Omni POPCAT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT
Hyperliquid POPCAT