Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.12 per $10,000 · paid last 24h 0.000%
Price spread now: GRVT against Bybit−0.801%80s7-day average +0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as 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−$740.740% of the position
Funding, last 7 days+0.120%+$12 on $10k
+Price spread, last 7 days+0.877%+$88 · spread now −0.801%, 7d avg +0.098%
=Together, before fees+0.997%+ Points / potential airdropGRVT: Active · farm board+$100 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.899% cheaper against Bybit than usual: you would sell low and buy high (spread −0.801% now, against its 7-day average of +0.098%). If the spread goes back, that is −$90 on $10k: about 8 months of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.120% in total) that is about 52 days. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SEIUSDT | 0.06116 | 0.0088 | pay 0.0088% / 8h | 4h 30m | $14.6M | $36.3M | 50x |
| Short | GRVT SEI_USDT_Perp | 0.06067 | 0.0100 | get 0.0100% / 8h | 4h 30m | $209K | $1.9M | 10x |
Bybit SEIUSDT
GRVT SEI_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
- $2.54
- Price spread: −0.801% → +0.098%
- −$89.87
- Slippage, 4 orders
- −$53.99
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$161.31
- Costs to cover
- 0.740%
- Break-even
- 451.8 days
Slippage from Bybit: live order book, 4 min ago; GRVT: 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 Bybit live order book, 4 min ago | 1.65 bp | 12.7 bp −$13 | 30.3 bp −$303 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 3 min ago | 0.82 bp | 28.6 bp −$29 | 98.0 bp −$980 | doesn't fit | doesn't fit |
SEI on 27 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 SEI | −0.0183% | 8h | 0.06099 | −0.271% | $325K | $189K | — | as long as short |
| Coinbase International SEI-PERP-INTX | −0.0032% | 1h | 0.06149 | +0.540% | $43K | $221K | 50x | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.06119 | +0.049% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.06123 | +0.114% | $10K | $72K | 25x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0039% / S +0.0124% | 1h | 0.06119 | +0.049% | $6K | — | 100x | as long as short |
| Bybit SEIUSDTlong | +0.0088% | 8h | 0.06116 | long leg | $14.6M | $36.3M | 50x | |
| Lighter SEI | +0.0096% | 1h | 0.06123 | +0.114% | $279K | $1.2M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.06130 | +0.235% | $3.5M | $5.5M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06115 | −0.023% | $320K | $354K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06123 | +0.118% | $15.2M | $130.4M | 75x | as long as short |
Variational Omni SEI
Coinbase International SEI-PERP-INTX
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
GMX SEI/USD [ETH-USDC]
Lighter SEI
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06119 | +0.049% | $3.5M | $40.5M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.06123 | +0.114% | $1.1M | $3.4M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06123 | +0.114% | $35.4M | $28.6M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06121 | +0.082% | $6.6M | $14.5M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06128 | +0.196% | $10.1M | $16.8M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06122 | +0.098% | — | $31.4M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.06127 | +0.180% | $109K | $613K | 10x | as long as short |
| GRVT SEI_USDT_Perpshort | +0.0100% | 8h | 0.06067 | −0.801% | $209K | $1.9M | 10x | |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06080 | −0.589% | $109K | $667K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06118 | +0.033% | $2K | $83K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06124 | +0.131% | $23K | $4.3M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06121 | +0.076% | $78K | $552K | 25x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.06104 | −0.196% | $771K | $1.3M | 75x | as long as short |
| Injective SEI/USDC PERP | +0.0267% | 1h | 0.06106 | −0.164% | $9K | $43K | 12x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0309% | 1h | 0.06122 | +0.106% | $381K | $1.5M | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06117 | +0.020% | $117 | — | 20x | as long as short |
| dYdX SEI-USD | +0.0593% | 1h | 0.06115 | −0.018% | $104K | $2K | 5x | as long as short |
OKX SEI-USDT-SWAP
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
Backpack SEI_USDC_PERP
ApeX Omni SEIUSDT
Orderly PERP_SEI_USDC
SunX SEI-USDT
Extended SEI-USD
BloFin SEI-USDT
Injective SEI/USDC PERP
Kraken Futures PF_SEIUSD
Reya SEIRUSDPERP
dYdX SEI-USD