Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.042%
Price spread now: GRVT against BloFin−0.082%7-day average +0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1291.294% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 3 days (all we have)+0.218%+$22 · spread now −0.082%, 7d avg +0.080%
=Together, before fees+0.340%+ Points / potential airdropGRVT: Active · farm board+$34 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 0.162% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.080%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.121%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.121% in total (about 6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 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 | BloFin POPCAT-USDT | 0.05511 | 0.0340 | pay 0.0170% / 4h | 2h 23m | $124K | $284K | 50x |
| Short | GRVT POPCAT_USDT_Perp | 0.05506 | 0.0100 | get 0.0050% / 4h | 2h 23m | $244K | $489K | 10x |
BloFin POPCAT-USDT
GRVT POPCAT_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: −0.082% → +0.080%
- −$16.23
- Slippage, 4 orders
- −$108.36
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$195.99
- Costs to cover
- 1.294%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 61 min ago; GRVT: live order book, 64 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, 61 min ago | 5.44 bp | 25.3 bp −$25 | 73.5 bp −$735 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 64 min ago | 4.51 bp | 39.2 bp −$39 | 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 | −0.4569% | 1h | 0.05441 | −1.270% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.1066% | 1h | 0.05498 | −0.233% | $140K | $114K | 20x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05511 | 0.000% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05511 | 0.000% | $100K | $45K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05516 | +0.090% | $2.3M | $6.3M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05502 | −0.163% | $8.8M | $5.8M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05510 | −0.018% | $677K | $1.4M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05508 | −0.054% | $418K | $673K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05511 | 0.000% | $1.9M | $919K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05507 | −0.073% | $1.1M | $992K | 50x | as long as short |
Injective POPCAT/USDC PERP
Kraken Futures PF_POPCATUSD
Reya POPCATRUSDPERP
Lighter POPCAT
Binance POPCATUSDT
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 | 0.05500 | −0.200% | $1.2M | $884K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05506 | −0.091% | — | $1.6M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05506 | −0.085% | $502K | $174K | — | as long as short |
| GRVT POPCAT_USDT_Perpshort | +0.0100% | 4h | 0.05506 | −0.082% | $244K | $489K | 10x | |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05500 | −0.200% | $22K | $645K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05511 | −0.008% | $97K | $440K | 10x | as long as short |
| BloFin POPCAT-USDTlong | +0.0340% | 4h | 0.05511 | long leg | $124K | $284K | 50x | |
| Hyperliquid POPCAT | +0.1422% | 1h | 0.05526 | +0.270% | $2.6M | $1.1M | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDC
Variational Omni POPCAT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
Hyperliquid POPCAT