Funding you earn now, next payment 00:00 UTC−0.0325%/8h= −35.6% APRnext payment −$1.62 per $10,000 · paid last 24h −0.022%
Price spread now: GRVT against Bybit+0.296%50s7-day average −0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$172as 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−$1701.702% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 3 days (all we have)−0.355%−$36 · spread now +0.296%, 7d avg −0.056%
=Together, before fees−0.378%+ Points / potential airdropGRVT: Active · farm board−$38 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.353% dearer against Bybit than usual: you sell high and buy low (spread +0.296% now, against its 7-day average of −0.056%): +$35 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 7 days (−0.022% in total) that is about 4 months. The two prices were read 50 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 -0.022% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.62 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 SAHARAUSDT | 0.009442 | 0.0425 | pay 0.0212% / 4h | 48m 44s | $1.9M | $1.2M | 20x |
| Short | GRVT SAHARA_USDT_Perp | 0.009470 | 0.0100 | get 0.0050% / 4h | 48m 44s | $144K | $2.4M | 10x |
Bybit SAHARAUSDT
GRVT SAHARA_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
- −$68.18
- Price spread: +0.296% → −0.056%
- $35.28
- Slippage, 4 orders
- −$150.18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$203.08
- Costs to cover
- 1.702%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 3.69 bp | 23.3 bp −$23 | 144.9 bp −$1,449 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 5 min ago | 5.28 bp | 74.2 bp −$74 | 120.7 bp −$1,207 | doesn't fit | doesn't fit |
SAHARA on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SAHARAUSDT | +0.0100% | 4h | 0.009436 | −0.064% | $4.4M | $4.9M | 25x | as long as short |
| OKX SAHARA-USDT-SWAP | +0.0100% | 4h | 0.009447 | +0.053% | $988K | $1.1M | 20x | as long as short |
| Gate SAHARA_USDT | +0.0100% | 8h | 0.009470 | +0.297% | $214K | $46K | 25x | as long as short |
| MEXC SAHARA_USDT | +0.0100% | 4h | 0.009436 | −0.064% | $1.3M | $196K | 20x | as long as short |
| KuCoin SAHARAUSDTM | +0.0100% | 4h | 0.009430 | −0.127% | $273K | $51K | 25x | as long as short |
| GRVT SAHARA_USDT_Perpshort | +0.0100% | 4h | 0.009470 | +0.296% | $144K | $2.4M | 10x | |
| ApeX Omni SAHARAUSDT | +0.0100% | 1h | 0.009450 | +0.085% | $22K | $254K | 50x | as long as short |
| Extended SAHARA-USD | +0.0104% | 1h | 0.009478 | +0.382% | $2K | $216K | 5x | as long as short |
| Aster SAHARAUSDT | +0.0277% | 4h | 0.009472 | +0.318% | $62K | $19K | 5x | as long as short |
| Variational Omni SAHARA | +0.0306% | 4h | 0.009471 | +0.305% | $22K | $12K | — | as long as short |
Binance SAHARAUSDT
OKX SAHARA-USDT-SWAP
Gate SAHARA_USDT
MEXC SAHARA_USDT
KuCoin SAHARAUSDTM
ApeX Omni SAHARAUSDT
Extended SAHARA-USD
Aster SAHARAUSDT
Variational Omni SAHARAShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SAHARA-USDT | +0.0408% | 4h | 0.009451 | +0.095% | — | $2.3M | — | as long as short |
| Bybit SAHARAUSDTlong | +0.0425% | 4h | 0.009442 | long leg | $1.9M | $1.2M | 20x | |
| Bitget SAHARAUSDT | +0.0440% | 4h | 0.009457 | +0.159% | $1.2M | $402K | 25x | as long as short |
BingX SAHARA-USDT
Bitget SAHARAUSDT