Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h 0.000%
Price spread now: Deribit against GRVT−0.153%75s7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as 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−$430.434% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 4 days (all we have)+0.421%+$42 · spread now −0.153%, 7d avg +0.045%
=Together, before fees+0.344%+ Points / potential airdropGRVT: Active · farm board+$34 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.198% cheaper against GRVT than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.045%). Swap the legs. The two prices were read 75 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 | GRVT UNI_USDT_Perp | 8.9978 | 0.0100 | pay 0.0100% / 8h | 3h 31m | $625K | $2.8M | 10x |
| Short | Deribit UNI_USDC-PERPETUAL | 8.9841 | 0 | get 0.0000% / 1h | 31m 46s | $576K | $208K | 50x |
GRVT UNI_USDT_Perp
Deribit UNI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$21
- Price spread: −0.153% → +0.045%
- −$19.79
- Slippage, 4 orders
- −$27.35
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$84.14
- Costs to cover
- 0.434%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 2 min ago; Deribit: live order book, 22 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, 2 min ago | 1.11 bp | 8.4 bp −$8 | 18.2 bp −$182 | 3420.9 bp −$342.1K | doesn't fit |
| Sell Deribit live order book, 22 min ago | 5.69 bp | 15.3 bp −$15 | 24.7 bp −$247 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit UNI_USDC-PERPETUALshort | 0.0000% | 1h | 8.9841 | −0.153% | $576K | $208K | 50x | |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 8.9814 | −0.182% | $37K | — | 150x | as long as short |
| 01 Exchange UNIUSD | +0.0024% | 1h | 8.9810 | −0.187% | $448 | $5 | 10x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −1.865% | $660 | $154K | 12x | as long as short |
| Lighter UNI | +0.0096% | 1h | 8.9812 | −0.185% | $4.5M | $5.9M | 15x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.9812 | −0.184% | $979K | $4.5M | 10x | as long as short |
| Hyperliquid UNI | +0.0100% | 1h | 8.9765 | −0.237% | $95.6M | $64.0M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9710 | −0.298% | $793K | $3.6M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.9854 | −0.138% | $291K | $607K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.9690 | −0.320% | $221.5M | $646.4M | 75x | as long as short |
gTrade (Gains Network) UNI/USD
01 Exchange UNIUSD
Injective UNI/USDC PERP
Lighter UNI
Nado UNI-PERP
Hyperliquid UNI
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit UNIUSDT | +0.0100% | 8h | 8.9660 | −0.353% | $100.6M | $111.9M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.9660 | −0.353% | $54.8M | $261.4M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.9920 | −0.065% | $314K | $653K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.9690 | −0.320% | $23.8M | $63.9M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9700 | −0.309% | $48.1M | $25.8M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9640 | −0.376% | $13.2M | $13.3M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.9700 | −0.309% | $33.3M | $45.5M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.9660 | −0.353% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.9737 | −0.268% | $1.0M | $2.3M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.9719 | −0.288% | $4.2M | $4.1M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.9750 | −0.254% | $169K | $345K | 20x | as long as short |
| GRVT UNI_USDT_Perplong | +0.0100% | 8h | 8.9978 | long leg | $625K | $2.8M | 10x | |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 9.0010 | +0.036% | $92K | $703K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 9.0340 | +0.402% | $15K | $3.4M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.9838 | −0.156% | $86K | $435K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9800 | −0.198% | $16K | $1.4M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9853 | −0.139% | $37K | $1.4M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9720 | −0.287% | $29K | $817K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9906 | −0.080% | $703K | $4.9M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.9730 | −0.276% | $27.2M | $4.4M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9806 | −0.191% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.9589 | −0.432% | $286K | $1.6M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9795 | −0.203% | $32K | — | 3x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0216% | 1h | 8.9940 | −0.042% | $941K | $5.8M | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.9870 | −0.120% | $10.3M | $3.6M | 75x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0271% | 1h | 8.9775 | −0.225% | $4.9M | $8.1M | 50x | as long as short |
| dYdX UNI-USD | +0.0274% | 1h | 8.9865 | −0.126% | $237K | $30K | 10x | as long as short |
| Reya UNIRUSDPERP | +0.0374% | 1h | 8.9779 | −0.222% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0244% | 1h | 8.9819 | −0.177% | $639K | — | 120x | as long as short |
| Aftermath Perps UNIUSD | +0.0831% | 1h | 8.9936 | −0.046% | $953 | $45K | 10x | as long as short |
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USD
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
Coinbase International UNI-PERP-INTX
BloFin UNI-USDT
Kraken Futures PF_UNIUSD
dYdX UNI-USD
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Aftermath Perps UNIUSD