Funding you earn now, next payment 00:00 UTC−0.0194%/8h= −21.2% APRnext payment −$1.94 per $10,000 · paid last 24h −0.015%
Price spread now: Bybit against GRVT−0.090%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$410.410% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 7 days+0.023%+$2 · spread now −0.090%, 7d avg −0.065%
=Together, before fees−0.025%+ Points / potential airdropGRVT: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.024% cheaper against GRVT than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.065%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.048% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.94 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 UNI_USDT_Perp | 8.8970 | 0.0100 | pay 0.0100% / 8h | 2h 15m | $618K | $2.6M | 10x |
| Short | Bybit UNIUSDT | 8.8890 | −0.0094 | pay 0.0094% / 8h | 2h 15m | $101.3M | $106.1M | 75x |
GRVT UNI_USDT_Perp
Bybit UNIUSDTFunding 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
- −$40.75
- Price spread: −0.090% → −0.065%
- −$2.44
- Slippage, 4 orders
- −$21.02
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$84.21
- Costs to cover
- 0.410%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 3 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, 3 min ago | 1.12 bp | 7.8 bp −$8 | 16.4 bp −$164 | 2386.0 bp −$238.6K | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.56 bp | 10.8 bp −$11 | 17.8 bp −$178 | 43.5 bp −$4,354 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni UNI | −0.0146% | 8h | 8.9020 | +0.056% | $4.0M | $4.6M | — | as long as short |
| Bybit UNIUSDTshort | −0.0094% | 8h | 8.8890 | −0.090% | $101.3M | $106.1M | 75x | |
| Deribit UNI_USDC-PERPETUAL | 0.0000% | 1h | 8.8928 | −0.047% | $562K | $138K | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0006% | 1h | 8.8919 | −0.057% | $80K | — | 150x | as long as short |
| OKX UNI-USDT-SWAP | +0.0024% | 8h | 8.8880 | −0.101% | $54.7M | $247.9M | 50x | as long as short |
| 01 Exchange UNIUSD | +0.0024% | 1h | 8.8941 | −0.033% | $444 | — | 10x | as long as short |
| dYdX UNI-USD | +0.0090% | 1h | 8.8975 | +0.005% | $246K | $5K | 10x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.8935 | −0.039% | $25K | — | 20x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.8920 | −0.056% | $850K | $4.0M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.8966 | −0.004% | $1.0M | $3.4M | 50x | as long as short |
Variational Omni UNI
Deribit UNI_USDC-PERPETUAL
gTrade (Gains Network) UNI/USD
OKX UNI-USDT-SWAP
01 Exchange UNIUSD
dYdX UNI-USD
Paradex UNI-USD-PERP
Nado UNI-PERP
Aster UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica UNI | +0.0100% | 1h | 8.8968 | −0.003% | $301K | $563K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.8910 | −0.067% | $217.3M | $595.7M | 75x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.8980 | +0.011% | $274K | $612K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.8920 | −0.056% | $23.1M | $59.4M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8890 | −0.090% | $43.2M | $24.7M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8890 | −0.090% | $13.4M | $13.9M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8870 | −0.112% | $32.2M | $41.5M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.8910 | −0.067% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.8953 | −0.019% | $987K | $2.3M | 10x | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8994 | +0.027% | $167K | $344K | 20x | as long as short |
| GRVT UNI_USDT_Perplong | +0.0100% | 8h | 8.8970 | long leg | $618K | $2.6M | 10x | |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.9000 | +0.034% | $84K | $713K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8900 | −0.079% | $106K | $3.2M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.8895 | −0.084% | $94K | $334K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8850 | −0.135% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.8938 | −0.036% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8890 | −0.090% | $25K | $666K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9034 | +0.072% | $723K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.8880 | −0.101% | $26.8M | $4.3M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.8879 | −0.103% | $308K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8886 | −0.094% | $32K | $1K | 3x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0200% | 1h | 8.9090 | +0.135% | $1.0M | $5.4M | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.9070 | +0.112% | $9.8M | $3.4M | 75x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0267% | 1h | 8.8960 | −0.011% | $5.0M | $7.1M | 50x | as long as short |
| Hyperliquid UNI | +0.0301% | 1h | 8.9009 | +0.044% | $96.9M | $59.8M | 10x | as long as short |
| Reya UNIRUSDPERP | +0.0360% | 1h | 8.8882 | −0.099% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0379% / S −0.0320% | 1h | 8.8920 | −0.056% | $558K | — | 120x | as long as short |
| Aftermath Perps UNIUSD | +0.0543% | 1h | 8.9056 | +0.097% | $1K | $50K | 10x | as long as short |
| Lighter UNI | +0.0576% | 1h | 8.9133 | +0.183% | $4.6M | $5.4M | 15x | as long as short |
| Injective UNI/USDC PERP | +0.2702% | 1h | 8.7900 | −1.203% | $657 | $97K | 12x | as long as short |
Pacifica UNI
Binance UNIUSDT
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
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
Extended UNI-USD
Aevo UNI-PERP
Coinbase International UNI-PERP-INTX
BloFin UNI-USDT
Kraken Futures PF_UNIUSD
Hyperliquid UNI
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Aftermath Perps UNIUSD
Lighter UNI
Injective UNI/USDC PERP