Funding you earn now, next payment 04:00 UTC+0.0537%/8h= +58.8% APRnext payment +$2.68 per $10,000 · paid last 24h +0.038%
Price spread now: Bybit against GRVT−0.058%60s7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$196as 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−$2001.998% of the position
Funding, last 7 days+0.038%+$4 on $10k
+Price spread, last 3 days (all we have)+0.127%+$13 · spread now −0.058%, 7d avg +0.056%
=Together, before fees+0.165%+ Points / potential airdropGRVT: Active · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.113% cheaper against GRVT than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of +0.056%). If the spread goes back, that is −$11 on $10k: about 17 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.038% in total) that is about 21 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 0.038% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.68 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 SAHARA_USDT_Perp | 0.009441 | 0.0100 | pay 0.0050% / 4h | 3h 12m | $143K | $2.4M | 10x |
| Short | Bybit SAHARAUSDT | 0.009436 | 0.0637 | get 0.0318% / 4h | 3h 12m | $1.9M | $1.3M | 20x |
GRVT SAHARA_USDT_Perp
Bybit SAHARAUSDTFunding 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
- $112.76
- Price spread: −0.058% → +0.056%
- −$11.31
- Slippage, 4 orders
- −$179.75
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$98.3
- Costs to cover
- 1.998%
- Break-even
- 13.1 days
Slippage from GRVT: live order book, 1 min ago; Bybit: live order book, 4 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, 1 min ago | 5.30 bp | 75.1 bp −$75 | 316.7 bp −$3,167 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.64 bp | 21.5 bp −$22 | 381.6 bp −$3,816 | 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 | 0.009426 | −0.160% | $4.4M | $4.9M | 25x | as long as short |
| Gate SAHARA_USDT | +0.0100% | 8h | 0.009440 | −0.015% | $213K | $45K | 25x | as long as short |
| MEXC SAHARA_USDT | +0.0100% | 4h | 0.009424 | −0.185% | $1.4M | $222K | 20x | as long as short |
| KuCoin SAHARAUSDTM | +0.0100% | 4h | 0.009420 | −0.227% | $275K | $51K | 25x | as long as short |
| GRVT SAHARA_USDT_Perplong | +0.0100% | 4h | 0.009441 | long leg | $143K | $2.4M | 10x | |
| ApeX Omni SAHARAUSDT | +0.0100% | 1h | 0.009430 | −0.121% | $21K | $257K | 50x | as long as short |
| Extended SAHARA-USD | +0.0104% | 1h | 0.009423 | −0.196% | $5K | $216K | 5x | as long as short |
| OKX SAHARA-USDT-SWAP | +0.0114% | 4h | 0.009440 | −0.015% | $983K | $1.0M | 20x | as long as short |
| Aster SAHARAUSDT | +0.0340% | 4h | 0.009437 | −0.049% | $62K | $19K | 5x | as long as short |
| Bitget SAHARAUSDT | +0.0390% | 4h | 0.009444 | +0.027% | $1.2M | $407K | 25x | as long as short |
Binance SAHARAUSDT
Gate SAHARA_USDT
MEXC SAHARA_USDT
KuCoin SAHARAUSDTM
ApeX Omni SAHARAUSDT
Extended SAHARA-USD
OKX SAHARA-USDT-SWAP
Aster SAHARAUSDT
Bitget SAHARAUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SAHARA-USDT | +0.0446% | 4h | 0.009435 | −0.068% | — | $2.3M | — | as long as short |
| Variational Omni SAHARA | +0.0509% | 4h | 0.009446 | +0.049% | $22K | $12K | — | as long as short |
| Bybit SAHARAUSDTshort | +0.0637% | 4h | 0.009436 | −0.058% | $1.9M | $1.3M | 20x |
BingX SAHARA-USDT
Variational Omni SAHARA