VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: GRVT against BloFin−0.063%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$410.415% of the position

Long on BloFin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.502%−$50 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.063%, 7d avg −0.029%

Together, before fees−0.438%+ Points / potential airdropGRVT: Active · farm board−$44 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and GRVT is 0.034% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin VIRTUAL-USDT	0.7135	0.0340	pay 0.0170% / 4h	1h 43m	$786K	$1.0M	75x
Short	GRVT VIRTUAL_USDT_Perp	0.7131	0.0100	get 0.0050% / 4h	1h 43m	$627K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee GRVTbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$50.4
Price spread: −0.063% → −0.029%: −$3.4
Slippage, 4 orders: −$20.47
Fee BloFin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$95.26
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 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 BloFin live order book, 4 min ago	0.70 bp	8.6 bp −$9	20.6 bp −$206	56.3 bp −$5,633	doesn't fit
Sell GRVT live order book, 5 min ago	2.80 bp	16.5 bp −$17	57.7 bp −$577	doesn't fit	doesn't fit

VIRTUAL on 33 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
Lighter VIRTUAL	−0.0200%	1h	0.7133	−0.027%	$324K	$401K	5x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7139	+0.051%	$24	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0128%	1h	0.7131	−0.056%	$2K	$106	10x	as long as short
Bybit VIRTUALUSDT	−0.0104%	4h	0.7133	−0.028%	$16.2M	$19.1M	50x	as long as short
Phoenix VIRTUAL	−0.0101%	1h	0.7131	−0.059%	$11K	$36K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0030%	1h	0.7141	+0.084%	$15K	$40K	10x	as long as short
Kraken Futures PF_VIRTUALUSD	−0.0005%	1h	0.7146	+0.151%	$522K	$761K	50x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0005%	1h	0.7145	+0.134%	$14K	—	150x	as long as short
ApeX Omni VIRTUALUSDT	+0.0019%	1h	0.7152	+0.238%	$40K	$236K	50x	as long as short
Variational Omni VIRTUAL	+0.0023%	4h	0.7124	−0.151%	$530K	$914K	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX VIRTUAL-USD	+0.0026%	1h	0.7137	+0.035%	$1K	$9K	5x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.252%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0072%	4h	0.7142	+0.098%	$15K	$1.6M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7151	+0.224%	$8.8M	$4.0M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7142	+0.095%	$92K	$302K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7137	+0.028%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7138	+0.036%	$16.1M	$42.4M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7139	+0.056%	$2.9M	$10.1M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7142	+0.098%	$1.5M	$3.4M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7141	+0.084%	$16.1M	$5.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7142	+0.098%	$3.0M	$4.4M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7142	+0.098%	$6.0M	$5.9M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7140	+0.070%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7136	+0.014%	$236K	$178K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7138	+0.039%	$19K	$262K	10x	as long as short
GRVT VIRTUAL_USDT_Perpshort	+0.0100%	4h	0.7131	−0.063%	$627K	$1.1M	10x
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7139	+0.063%	$47K	$1.0M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7137	+0.028%	$1K	$1.4M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7138	+0.048%	$55K	$297K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7139	+0.056%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0313% / S −0.0258%	1h	0.7144	+0.125%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDTlong	+0.0340%	4h	0.7135	long leg	$786K	$1.0M	75x
Coinbase International VIRTUAL-PERP-INTX	+0.0440%	1h	0.7192	+0.799%	$200K	$102K	50x	as long as short