Funding you earn now, next payment 04:00 UTC−0.3158%/8h= −345.8% APRnext payment −$15.79 per $10,000 · paid last 24h −0.164%
Price spread now: OKX against GRVT0.000%7-day average −0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1381.379% of the position
Funding, last 7 days−0.303%−$30 on $10k
+Price spread, last 3 days (all we have)+0.008%+$1 · spread now 0.000%, 7d avg −0.072%
=Together, before fees−0.295%+ Points / potential airdropGRVT: Active · farm board−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.072% dearer against GRVT than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.072%): +$7 on $10k if it goes back. Holding the pair costs −$95 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.303% in total) that is about 40 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.303% in total (about -15.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$15.79 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 | 0.2372 | −0.3032 | get 0.1516% / 4h | 3h 13m | $220K | $2.6M | 10x |
| Short | OKX PROVE-USDT-SWAP | 0.2372 | −0.6190 | pay 0.3095% / 4h | 3h 13m | $616K | $8.3M | 20x |
GRVT PROVE_USDT_Perp
OKX PROVE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$663.24
- Price spread: 0.000% → −0.072%
- $7.21
- Slippage, 4 orders
- −$118.93
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$793.96
- Costs to cover
- 1.379%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 6 min ago; OKX: 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, 6 min ago | 4.23 bp | 32.4 bp −$32 | 126.4 bp −$1,264 | 52827.4 bp −$5.28M | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.11 bp | 29.9 bp −$30 | 106.4 bp −$1,064 | 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 | −0.7086% | 4h | 0.2375 | +0.132% | $29K | $47K | — | as long as short |
| Binance PROVEUSDT | −0.6388% | 4h | 0.2371 | −0.021% | $3.4M | $36.8M | 75x | as long as short |
| MEXC PROVE_USDT | −0.6388% | 4h | 0.2374 | +0.084% | $295K | $409K | 20x | as long as short |
| OKX PROVE-USDT-SWAPshort | −0.6190% | 4h | 0.2372 | 0.000% | $616K | $8.3M | 20x | |
| Aster PROVEUSDT | −0.6126% | 4h | 0.2372 | +0.003% | $48K | $271K | 5x | as long as short |
| Bitget PROVEUSDT | −0.5882% | 4h | 0.2368 | −0.169% | $758K | $4.8M | 50x | as long as short |
| KuCoin PROVEUSDTM | −0.5720% | 4h | 0.2371 | −0.021% | $2.9M | $1.1M | 50x | as long as short |
| ApeX Omni PROVEUSDT | −0.5054% | 1h | 0.2370 | −0.082% | $50K | $334K | 50x | as long as short |
| Bybit PROVEUSDT | −0.4911% | 4h | 0.2376 | +0.169% | $2.2M | $10.8M | 25x | as long as short |
| Hyperliquid PROVE | −0.3624% | 1h | 0.2374 | +0.079% | $352K | $929K | 3x | as long as short |
Variational Omni PROVE
Binance PROVEUSDT
MEXC PROVE_USDT
Aster PROVEUSDT
Bitget PROVEUSDT
KuCoin PROVEUSDTM
ApeX Omni PROVEUSDT
Bybit PROVEUSDT
Hyperliquid PROVEShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PROVE-USDT | −0.3612% | 4h | 0.2373 | +0.042% | — | $2.5M | — | as long as short |
| Gate PROVE_USDT | −0.3434% | 4h | 0.2373 | +0.042% | $206K | $1.0M | 75x | as long as short |
| GRVT PROVE_USDT_Perplong | −0.3032% | 4h | 0.2372 | long leg | $220K | $2.6M | 10x | |
| Lighter PROVE | −0.0192% | 1h | 0.2378 | +0.249% | $84K | $132K | 3x | as long as short |
BingX PROVE-USDT
Gate PROVE_USDT
Lighter PROVE