Funding you earn now, next payment 04:00 UTC−0.2702%/8h= −295.9% APRnext payment −$13.51 per $10,000 · paid last 24h −0.133%
Price spread now: Bitget against GRVT−0.507%73s7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$159as 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−$1311.314% of the position
Funding, last 7 days−0.279%−$28 on $10k
+Price spread, last 3 days (all we have)+0.531%+$53 · spread now −0.507%, 7d avg −0.014%
=Together, before fees+0.252%+ Points / potential airdropGRVT: Active · farm board+$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$81 a day on $10k at the current rate, and Bitget is 0.493% cheaper against GRVT than usual: you would sell low and buy high (−$49 if the spread goes back to its 7-day average of −0.014%). Swap the legs. The two prices were read 73 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 -0.279% in total (about -14.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$13.51 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 | GRVT PROVE_USDT_Perp | 0.2367 | −0.3314 | get 0.1657% / 4h | 3h 20m | $229K | $2.6M | 10x |
| Short | Bitget PROVEUSDT | 0.2355 | −0.6016 | pay 0.3008% / 4h | 3h 20m | $754K | $4.9M | 50x |
GRVT PROVE_USDT_Perp
Bitget PROVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against GRVT. 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
- −$567.42
- Price spread: −0.507% → −0.014%
- −$49.34
- Slippage, 4 orders
- −$110.36
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$748.12
- Costs to cover
- 1.314%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 3 min ago; Bitget: 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 GRVT live order book, 3 min ago | 4.23 bp | 43.6 bp −$44 | 167.3 bp −$1,673 | 57570.7 bp −$5.76M | doesn't fit |
| Sell Bitget live order book, 3 min ago | 6.36 bp | 25.2 bp −$25 | 97.8 bp −$978 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PROVE | −0.7258% | 4h | 0.2361 | −0.270% | $29K | $47K | — | as long as short |
| Binance PROVEUSDT | −0.6599% | 4h | 0.2357 | −0.415% | $3.4M | $36.8M | 75x | as long as short |
| MEXC PROVE_USDT | −0.6598% | 4h | 0.2356 | −0.465% | $293K | $408K | 20x | as long as short |
| OKX PROVE-USDT-SWAP | −0.6381% | 4h | 0.2358 | −0.380% | $613K | $8.2M | 20x | as long as short |
| Aster PROVEUSDT | −0.6287% | 4h | 0.2364 | −0.108% | $48K | $271K | 5x | as long as short |
| Bitget PROVEUSDTshort | −0.6016% | 4h | 0.2355 | −0.507% | $754K | $4.9M | 50x | |
| KuCoin PROVEUSDTM | −0.5844% | 4h | 0.2359 | −0.330% | $2.8M | $1.1M | 50x | as long as short |
| Bybit PROVEUSDT | −0.5260% | 4h | 0.2363 | −0.169% | $2.2M | $10.7M | 25x | as long as short |
| ApeX Omni PROVEUSDT | −0.5247% | 1h | 0.2365 | −0.084% | $51K | $334K | 50x | as long as short |
| Hyperliquid PROVE | −0.3858% | 1h | 0.2359 | −0.330% | $351K | $927K | 3x | as long as short |
Variational Omni PROVE
Binance PROVEUSDT
MEXC PROVE_USDT
OKX PROVE-USDT-SWAP
Aster PROVEUSDT
KuCoin PROVEUSDTM
Bybit PROVEUSDT
ApeX Omni PROVEUSDT
Hyperliquid PROVEShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PROVE-USDT | −0.3742% | 4h | 0.2358 | −0.380% | — | $2.5M | — | as long as short |
| Gate PROVE_USDT | −0.3716% | 4h | 0.2360 | −0.296% | $205K | $1.0M | 75x | as long as short |
| GRVT PROVE_USDT_Perplong | −0.3314% | 4h | 0.2367 | long leg | $229K | $2.6M | 10x | |
| Lighter PROVE | −0.0232% | 1h | 0.2365 | −0.097% | $83K | $132K | 3x | as long as short |
BingX PROVE-USDT
Gate PROVE_USDT
Lighter PROVE