Funding you earn now, next payment 04:00 UTC−0.0798%/8h= −87.4% APRnext payment −$3.99 per $10,000 · paid last 24h −0.205%
Price spread now: GRVT against BingX+0.148%114s7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$147as 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−$1281.278% of the position
Funding, last 7 days−0.195%−$19 on $10k
+Price spread, last 7 days−0.148%−$15 · spread now +0.148%, 7d avg +0.033%
=Together, before fees−0.343%+ Points / potential airdropGRVT: Active · farm board−$34 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.115% dearer against BingX than usual: you sell high and buy low (spread +0.148% now, against its 7-day average of +0.033%): +$11 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.195% in total) that is about 4.1 days. The two prices were read 114 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 -0.195% in total (about -10.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.99 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 | BingX PROVE-USDT | 0.2335 | −0.3558 | get 0.1779% / 4h | 1h 43m | — | $2.5M | — |
| Short | GRVT PROVE_USDT_Perp | 0.2338 | −0.4356 | pay 0.2178% / 4h | 1h 43m | $216K | $2.7M | 10x |
BingX PROVE-USDT
GRVT PROVE_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against BingX. 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
- −$167.58
- Price spread: +0.148% → +0.033%
- $11.49
- Slippage, 4 orders
- −$108.81
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$283.91
- Costs to cover
- 1.278%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; GRVT: live order book, 5 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 BingX live order book, 5 min ago | 6.43 bp | 30.0 bp −$30 | 91.7 bp −$917 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 5 min ago | 4.28 bp | 43.3 bp −$43 | 123.0 bp −$1,230 | 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 | −0.6722% | 4h | 0.2340 | +0.214% | $2.1M | $11.4M | 25x | as long as short |
| ApeX Omni PROVEUSDT | −0.5684% | 1h | 0.2332 | −0.107% | $49K | $333K | 50x | as long as short |
| OKX PROVE-USDT-SWAP | −0.5528% | 4h | 0.2334 | −0.043% | $617K | $8.4M | 20x | as long as short |
| Variational Omni PROVE | −0.5431% | 4h | 0.2342 | +0.282% | $28K | $47K | — | as long as short |
| Aster PROVEUSDT | −0.5233% | 4h | 0.2345 | +0.431% | $46K | $273K | 5x | as long as short |
| Bitget PROVEUSDT | −0.5084% | 4h | 0.2332 | −0.128% | $712K | $5.1M | 50x | as long as short |
| MEXC PROVE_USDT | −0.5034% | 4h | 0.2331 | −0.171% | $282K | $417K | 20x | as long as short |
| Binance PROVEUSDT | −0.5012% | 4h | 0.2331 | −0.155% | $3.4M | $37.7M | 75x | as long as short |
| KuCoin PROVEUSDTM | −0.4814% | 4h | 0.2334 | −0.030% | $2.8M | $1.1M | 50x | as long as short |
| Gate PROVE_USDT | −0.4402% | 4h | 0.2332 | −0.128% | $204K | $1.1M | 75x | as long as short |
Bybit PROVEUSDT
ApeX Omni PROVEUSDT
OKX PROVE-USDT-SWAP
Variational Omni PROVE
Aster PROVEUSDT
Bitget PROVEUSDT
MEXC PROVE_USDT
Binance PROVEUSDT
KuCoin PROVEUSDTM
Gate PROVE_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT PROVE_USDT_Perpshort | −0.4356% | 4h | 0.2338 | +0.148% | $216K | $2.7M | 10x | |
| Hyperliquid PROVE | −0.3677% | 1h | 0.2334 | −0.047% | $346K | $942K | 3x | as long as short |
| BingX PROVE-USDTlong | −0.3558% | 4h | 0.2335 | long leg | — | $2.5M | — | |
| Lighter PROVE | −0.0448% | 1h | 0.2339 | +0.193% | $82K | $138K | 3x | as long as short |
Hyperliquid PROVE
Lighter PROVE