Funding you earn now, next payment 03:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.035%
Price spread now: GRVT against Coinbase International−0.187%76s7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as 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−$500.499% of the position
Funding, last 7 days+0.135%+$14 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.187%, 7d avg +0.002%
=Together, before fees+0.174%+ Points / potential airdropGRVT: Active · farm board+$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and GRVT is 0.190% cheaper against Coinbase International than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.002%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.135%, so the current rate has only just turned against you. The two prices were read 76 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 | Coinbase International UNI-PERP-INTX | 9.0700 | 0.0248 | pay 0.0031% / 1h | 3m 54s | $951K | $5.9M | 50x |
| Short | GRVT UNI_USDT_Perp | 9.0530 | 0.0100 | get 0.0100% / 8h | 4h 03m | $641K | $2.8M | 10x |
Coinbase International UNI-PERP-INTX
GRVT UNI_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Coinbase International. 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
- −$31.08
- Price spread: −0.187% → +0.002%
- −$18.97
- Slippage, 4 orders
- −$30.94
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$99.99
- Costs to cover
- 0.499%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago | 4.97 bp | 12.1 bp −$12 | 19.1 bp −$191 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 5 min ago | 1.66 bp | 16.5 bp −$16 | 21.7 bp −$217 | doesn't fit | doesn't fit |
UNI on 40 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 9.0655 | −0.049% | $37K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −2.646% | $660 | $154K | 12x | as long as short |
| 01 Exchange UNIUSD | +0.0056% | 1h | 9.0661 | −0.043% | $452 | $5 | 10x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 9.0685 | −0.017% | $964K | $4.4M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 9.0739 | +0.043% | $817K | $3.5M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 9.0550 | −0.165% | $293K | $600K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 9.0785 | +0.094% | $222.9M | $639.1M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 9.0840 | +0.154% | $102.1M | $111.2M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 9.0680 | −0.022% | $55.2M | $262.0M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 9.0710 | +0.011% | $314K | $650K | 10x | as long as short |
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
01 Exchange UNIUSD
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USDShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate UNI_USDT | +0.0100% | 8h | 9.0720 | +0.022% | $23.6M | $64.0M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 9.0710 | +0.011% | $47.8M | $25.5M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 9.0700 | 0.000% | $13.6M | $13.2M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 9.0650 | −0.055% | $33.5M | $45.0M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 9.0780 | +0.088% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 9.0757 | +0.063% | $1.0M | $2.3M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 9.0449 | −0.277% | $4.2M | $4.1M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 9.0511 | −0.209% | $171K | $345K | 20x | as long as short |
| GRVT UNI_USDT_Perpshort | +0.0100% | 8h | 9.0530 | −0.187% | $641K | $2.8M | 10x | |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 9.0510 | −0.209% | $95K | $701K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 9.0490 | −0.232% | $15K | $3.4M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 9.0655 | −0.050% | $86K | $430K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 9.0630 | −0.077% | $16K | $1.5M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 9.0703 | +0.003% | $37K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 9.0660 | −0.044% | $22K | $792K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 9.0760 | +0.066% | $725K | $4.7M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 9.0700 | 0.000% | $27.4M | $4.4M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 9.0465 | −0.259% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 9.0649 | −0.056% | $293K | $1.6M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 9.0645 | −0.061% | $32K | — | 3x | as long as short |
| dYdX UNI-USD | +0.0179% | 1h | 9.0563 | −0.151% | $238K | $30K | 10x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0200% | 1h | 9.0711 | +0.012% | $581K | $207K | 50x | as long as short |
| Lighter UNI | +0.0208% | 1h | 9.0819 | +0.131% | $4.6M | $5.8M | 15x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 9.0520 | −0.198% | $10.3M | $3.6M | 75x | as long as short |
| Coinbase International UNI-PERP-INTXlong | +0.0248% | 1h | 9.0700 | long leg | $951K | $5.9M | 50x | |
| Kraken Futures PF_UNIUSD | +0.0270% | 1h | 9.0734 | +0.037% | $5.0M | $8.0M | 50x | as long as short |
| Hyperliquid UNI | +0.0313% | 1h | 9.0787 | +0.096% | $98.3M | $62.4M | 10x | as long as short |
| Reya UNIRUSDPERP | +0.0373% | 1h | 9.0647 | −0.058% | $17K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0244% | 1h | 9.0676 | −0.027% | $645K | — | 120x | as long as short |
| Aftermath Perps UNIUSD | +0.0922% | 1h | 9.0709 | +0.010% | $875 | $46K | 10x | as long as short |
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
Variational Omni UNI
edgeX UNIUSDC
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Paradex UNI-USD-PERP
Extended UNI-USD
Aevo UNI-PERP
dYdX UNI-USD
Deribit UNI_USDC-PERPETUAL
Lighter UNI
BloFin UNI-USDT
Kraken Futures PF_UNIUSD
Hyperliquid UNI
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Aftermath Perps UNIUSD