Funding you earn now, next payment 04:00 UTC+0.4225%/8h= +462.7% APRnext payment +$21.13 per $10,000 · paid last 24h +0.501%
Price spread now: GRVT against Bybit+0.759%80s7-day average −0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as 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−$2172.169% of the position
Funding, last 7 days+0.858%+$86 on $10k
+Price spread, last 4 days (all we have)−0.669%−$67 · spread now +0.759%, 7d avg −0.063%
=Together, before fees+0.189%+ Points / potential airdropGRVT: Active · farm board+$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$127 a day on $10k at the current rate, and GRVT is 0.822% dearer against Bybit than usual: you sell high and buy low: +$82 more if the spread goes back to its 7-day average of −0.063%. The two prices were read 80 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 0.858% in total (about 44.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$21.13 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 | Bybit PROVEUSDT | 0.2385 | −0.7343 | get 0.3672% / 4h | 2h 30m | $2.1M | $11.2M | 25x |
| Short | GRVT PROVE_USDT_Perp | 0.2403 | −0.3118 | pay 0.1559% / 4h | 2h 30m | $223K | $2.6M | 10x |
Bybit PROVEUSDT
GRVT PROVE_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Bybit. 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
- $887.29
- Price spread: +0.759% → −0.063%
- $82.2
- Slippage, 4 orders
- −$196.86
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $752.63
- Costs to cover
- 2.169%
- Break-even
- 1.1 days
Slippage from Bybit: live order book, 3 min ago; GRVT: live order book, 3 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 Bybit live order book, 3 min ago | 4.15 bp | 45.2 bp −$45 | 270.5 bp −$2,705 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 3 min ago | 4.16 bp | 52.4 bp −$52 | 223.7 bp −$2,237 | 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 PROVEUSDTlong | −0.7343% | 4h | 0.2385 | long leg | $2.1M | $11.2M | 25x | |
| Variational Omni PROVE | −0.6368% | 4h | 0.2421 | +1.494% | $30K | $47K | — | as long as short |
| OKX PROVE-USDT-SWAP | −0.5781% | 4h | 0.2377 | −0.335% | $621K | $8.6M | 20x | as long as short |
| Bitget PROVEUSDT | −0.5458% | 4h | 0.2376 | −0.377% | $730K | $5.1M | 50x | as long as short |
| Aster PROVEUSDT | −0.5384% | 4h | 0.2384 | −0.042% | $46K | $274K | 5x | as long as short |
| Binance PROVEUSDT | −0.5378% | 4h | 0.2378 | −0.294% | $3.5M | $37.7M | 75x | as long as short |
| MEXC PROVE_USDT | −0.5342% | 4h | 0.2378 | −0.294% | $273K | $415K | 20x | as long as short |
| KuCoin PROVEUSDTM | −0.5332% | 4h | 0.2381 | −0.164% | $2.9M | $1.1M | 50x | as long as short |
| Gate PROVE_USDT | −0.4086% | 4h | 0.2385 | 0.000% | $210K | $1.1M | 75x | as long as short |
| BingX PROVE-USDT | −0.3696% | 4h | 0.2377 | −0.335% | — | $2.5M | — | as long as short |
Variational Omni PROVE
OKX PROVE-USDT-SWAP
Bitget PROVEUSDT
Aster PROVEUSDT
Binance PROVEUSDT
MEXC PROVE_USDT
KuCoin PROVEUSDTM
Gate PROVE_USDT
BingX PROVE-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PROVE | −0.3691% | 1h | 0.2381 | −0.161% | $350K | $951K | 3x | as long as short |
| GRVT PROVE_USDT_Perpshort | −0.3118% | 4h | 0.2403 | +0.759% | $223K | $2.6M | 10x | |
| ApeX Omni PROVEUSDT | −0.2629% | 1h | 0.2436 | +2.148% | $51K | $334K | 50x | as long as short |
| Lighter PROVE | −0.1136% | 1h | 0.2388 | +0.126% | $84K | $139K | 3x | as long as short |
Hyperliquid PROVE
ApeX Omni PROVEUSDT
Lighter PROVE