Funding you earn now, next payment 00:00 UTC+0.0644%/8h= +70.6% APRnext payment +$3.22 per $10,000 · paid last 24h +0.190%
Price spread now: GRVT against Binance−0.332%7-day average +0.106% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$209as in the Price arb table
costs, in and out, $10k−$1651.652% of the position
Funding, last 7 days+0.218%+$22 on $10k
+Price spread, last 3 days (all we have)+0.376%+$38 · spread now −0.332%, 7d avg +0.106%
=Together, before fees+0.594%+ Points / potential airdropGRVT: Active · farm board+$59 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.438% cheaper against Binance than usual: you would sell low and buy high (spread −0.332% now, against its 7-day average of +0.106%). If the spread goes back, that is −$44 on $10k: about 2.3 days of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.218% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.218% in total (about 11.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.22 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 PROVEUSDT | 0.2389 | −0.7164 | get 0.3582% / 4h | 9m 12s | $3.5M | $36.2M | 75x |
| Short | GRVT PROVE_USDT_Perp | 0.2381 | −0.6520 | pay 0.3260% / 4h | 9m 12s | $221K | $2.5M | 10x |
Binance PROVEUSDT
GRVT PROVE_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
- $135.32
- Price spread: −0.332% → +0.106%
- −$43.81
- Slippage, 4 orders
- −$146.23
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$73.72
- Costs to cover
- 1.652%
- Break-even
- 10.8 days
Slippage from Binance: live order book, 3 min ago; GRVT: live order book, 4 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, 3 min ago | 2.10 bp | 23.1 bp −$23 | 104.8 bp −$1,048 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 4 min ago | 14.68 bp | 70.7 bp −$71 | 123.9 bp −$1,239 | doesn't fit | doesn't fit |
PROVE on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PROVEUSDT | −0.9788% | 4h | 0.2400 | +0.479% | $2.1M | $10.2M | 25x | as long as short |
| BingX PROVE-USDT | −0.9346% | 4h | 0.2392 | +0.144% | — | $2.5M | — | as long as short |
| Variational Omni PROVE | −0.8192% | 4h | 0.2387 | −0.059% | $28K | $46K | — | as long as short |
| Binance PROVEUSDTlong | −0.7164% | 4h | 0.2389 | long leg | $3.5M | $36.2M | 75x | |
| MEXC PROVE_USDT | −0.7154% | 4h | 0.2388 | −0.024% | $295K | $403K | 20x | as long as short |
| Hyperliquid PROVE | −0.7084% | 1h | 0.2390 | +0.067% | $356K | $918K | 3x | as long as short |
| OKX PROVE-USDT-SWAP | −0.6869% | 4h | 0.2392 | +0.144% | $610K | $8.2M | 20x | as long as short |
| Gate PROVE_USDT | −0.6770% | 4h | 0.2390 | +0.060% | $215K | $1.0M | 75x | as long as short |
| Aster PROVEUSDT | −0.6643% | 4h | 0.2390 | +0.060% | $46K | $269K | 5x | as long as short |
| GRVT PROVE_USDT_Perpshort | −0.6520% | 4h | 0.2381 | −0.332% | $221K | $2.5M | 10x |
Bybit PROVEUSDT
BingX PROVE-USDT
Variational Omni PROVE
MEXC PROVE_USDT
Hyperliquid PROVE
OKX PROVE-USDT-SWAP
Gate PROVE_USDT
Aster PROVEUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PROVEUSDT | −0.6452% | 4h | 0.2390 | +0.060% | $668K | $4.7M | 50x | as long as short |
| KuCoin PROVEUSDTM | −0.6224% | 4h | 0.2392 | +0.148% | $2.9M | $1.1M | 50x | as long as short |
| ApeX Omni PROVEUSDT | −0.2776% | 1h | 0.2381 | −0.318% | $52K | $333K | 50x | as long as short |
| Lighter PROVE | −0.2736% | 1h | 0.2396 | +0.319% | $83K | $132K | 3x | as long as short |
Bitget PROVEUSDT
KuCoin PROVEUSDTM
ApeX Omni PROVEUSDT
Lighter PROVE