Funding you earn now, next payment 00:00 UTC−0.3356%/8h= −367.5% APRnext payment −$16.78 per $10,000 · paid last 24h −0.344%
Price spread now: Bybit against GRVT+0.375%60s7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$280as 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−$2092.092% of the position
Funding, last 7 days−0.707%−$71 on $10k
+Price spread, last 3 days (all we have)−0.259%−$26 · spread now +0.375%, 7d avg +0.052%
=Together, before fees−0.966%+ Points / potential airdropGRVT: Active · farm board−$97 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.323% dearer against GRVT than usual: you sell high and buy low (spread +0.375% now, against its 7-day average of +0.052%): +$32 on $10k if it goes back. Holding the pair costs −$101 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.707% in total) that is about 3.2 days. The two prices were read 60 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 -0.707% in total (about -36.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$16.78 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 | 0.2398 | −0.6400 | get 0.3200% / 4h | 58m 34s | $230K | $2.5M | 10x |
| Short | Bybit PROVEUSDT | 0.2407 | −0.9756 | pay 0.4878% / 4h | 58m 34s | $2.0M | $10.1M | 25x |
GRVT PROVE_USDT_Perp
Bybit PROVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$704.83
- Price spread: +0.375% → +0.052%
- $32.31
- Slippage, 4 orders
- −$189.19
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$881.71
- Costs to cover
- 2.092%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 5 min ago; Bybit: 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 GRVT live order book, 5 min ago | 2.09 bp | 46.7 bp −$47 | 1559.8 bp −$15.6K | 105557.2 bp −$10.56M | doesn't fit |
| Sell Bybit live order book, 5 min ago | 4.16 bp | 36.8 bp −$37 | 146.8 bp −$1,468 | 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 PROVEUSDTshort | −0.9756% | 4h | 0.2407 | +0.375% | $2.0M | $10.1M | 25x | |
| BingX PROVE-USDT | −0.9178% | 4h | 0.2400 | +0.083% | — | $2.5M | — | as long as short |
| Variational Omni PROVE | −0.7412% | 4h | 0.2407 | +0.362% | $27K | $45K | — | as long as short |
| Hyperliquid PROVE | −0.7149% | 1h | 0.2398 | 0.000% | $355K | $920K | 3x | as long as short |
| Gate PROVE_USDT | −0.6882% | 4h | 0.2400 | +0.083% | $220K | $1.0M | 75x | as long as short |
| Binance PROVEUSDT | −0.6520% | 4h | 0.2395 | −0.129% | $3.4M | $36.2M | 75x | as long as short |
| MEXC PROVE_USDT | −0.6518% | 4h | 0.2393 | −0.209% | $297K | $400K | 20x | as long as short |
| GRVT PROVE_USDT_Perplong | −0.6400% | 4h | 0.2398 | long leg | $230K | $2.5M | 10x | |
| OKX PROVE-USDT-SWAP | −0.6313% | 4h | 0.2398 | 0.000% | $608K | $8.2M | 20x | as long as short |
| Aster PROVEUSDT | −0.6075% | 4h | 0.2399 | +0.054% | $45K | $268K | 5x | as long as short |
BingX PROVE-USDT
Variational Omni PROVE
Hyperliquid PROVE
Gate PROVE_USDT
Binance PROVEUSDT
MEXC PROVE_USDT
OKX PROVE-USDT-SWAP
Aster PROVEUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PROVEUSDT | −0.5792% | 4h | 0.2398 | 0.000% | $667K | $4.7M | 50x | as long as short |
| KuCoin PROVEUSDTM | −0.5574% | 4h | 0.2407 | +0.375% | $2.9M | $1.0M | 50x | as long as short |
| Lighter PROVE | −0.2664% | 1h | 0.2401 | +0.133% | $84K | $128K | 3x | as long as short |
| ApeX Omni PROVEUSDT | −0.1250% | 1h | 0.2398 | +0.017% | $52K | $334K | 50x | as long as short |
Bitget PROVEUSDT
KuCoin PROVEUSDTM
Lighter PROVE
ApeX Omni PROVEUSDT