Funding you earn now, next payment 21:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.050%
Price spread now: GRVT against Coinbase International−0.730%76s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and GRVT is 0.730% cheaper against Coinbase International than usual: you would sell low and buy high (−$73 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 W-PERP-INTX | 0.01179 | 0.0296 | pay 0.0037% / 1h | 55m 52s | $14K | $18K | 50x |
| Short | GRVT W_USDT_Perp | 0.01170 | 0.0100 | get 0.0050% / 4h | 2h 55m | $133K | $412K | 10x |
Coinbase International W-PERP-INTX
GRVT W_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
- −$41.16
- Price spread: −0.730% → 0.000%
- −$72.97
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$133.13
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; GRVT: live order book, 31 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 31 min ago | 8.48 bp | 88.9 bp −$89 | 263.6 bp −$2,636 | doesn't fit | doesn't fit |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
W on 17 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 W_USDC-PERPETUAL | −0.0091% | 1h | 0.01171 | −0.645% | $17K | $790 | 10x | as long as short |
| OKX W-USDT-SWAP | +0.0031% | 4h | 0.01170 | −0.704% | $1.3M | $2.2M | 20x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.579% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01171 | −0.645% | $2.0M | $473K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01171 | −0.628% | $2.9M | $7.7M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01169 | −0.823% | $4.1M | $2.1M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01168 | −0.874% | $443K | $300K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01171 | −0.662% | $12.8M | $1.7M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01168 | −0.899% | $419K | $231K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01172 | −0.560% | $1.2M | $551K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01170 | −0.755% | — | $6.9M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01172 | −0.518% | $44K | $47K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01172 | −0.558% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perpshort | +0.0100% | 4h | 0.01170 | −0.730% | $133K | $412K | 10x | |
| Extended W-USD | +0.0104% | 1h | 0.01171 | −0.639% | $59K | $276K | 5x | as long as short |
| Coinbase International W-PERP-INTXlong | +0.0296% | 1h | 0.01179 | long leg | $14K | $18K | 50x | |
| Kraken Futures PF_WUSD | +0.0621% | 1h | 0.01173 | −0.468% | $145K | $186K | 20x | as long as short |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
Extended W-USD
Kraken Futures PF_WUSD