Settings8H · net · $10k
Funding arb · Price arb /

W

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against GRVT+0.221%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$231as in the Funding arb table
Net, price: spread back to 7d avg − costs−$210as in the Price arb table
costs, in and out, $10k−$2312.311% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 4 days (all we have)−0.629%−$63 · spread now +0.221%, 7d avg +0.013%
Together, before fees−0.630%+ Points / potential airdropGRVT: Active · farm board−$63 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.208% dearer against GRVT than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT W_USDT_Perp0.011900.0100pay 0.0050% / 4h1h 19m$126K$413K10x
ShortBitget WUSDT0.011930.0100get 0.0050% / 4h1h 19m$1.3M$570K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against GRVT. 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

Funding earned
$0
Price spread: +0.221% → +0.013%
$20.82
Slippage, 4 orders
−$210.11
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$210.29
Costs to cover
2.311%
Break-even
never at this rate
Slippage from GRVT: live order book, 43 min ago; Bitget: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 43 min ago4.23 bp65.3 bp −$65190.0 bp −$1,900doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago4.19 bp37.7 bp −$38121.3 bp −$1,213doesn't fitdoesn't fit

W on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit W_USDC-PERPETUAL0.0000%1h0.01193+0.188%$16K$2K10xas long as short
Injective W/USDC PERP+0.0033%1h0.01209+1.565%$1K$1K12xas long as short
Hyperliquid W+0.0100%1h0.01192+0.137%$2.0M$383K5xas long as short
Binance WUSDT+0.0100%4h0.01192+0.167%$3.0M$6.6M50xas long as short
Bybit WUSDT+0.0100%4h0.01191+0.053%$4.2M$1.9M50xas long as short
OKX W-USDT-SWAP+0.0100%4h0.01191+0.028%$1.3M$1.9M20xas long as short
Gate W_USDT+0.0100%4h0.01190−0.031%$451K$253K75xas long as short
MEXC W_USDT+0.0100%4h0.01192+0.162%$12.9M$1.4M50xas long as short
KuCoin WUSDTM+0.0100%4h0.01191+0.053%$385K$214K50xas long as short
Bitget WUSDTshort+0.0100%4h0.01193+0.221%$1.3M$570K50x
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX W-USDT+0.0100%4h0.01192+0.179%$6.8Mas long as short
Variational Omni W+0.0100%4h0.01191+0.026%$72K$41Kas long as short
GRVT W_USDT_Perplong+0.0100%4h0.01190long leg$126K$413K10x
Extended W-USD+0.0104%1h0.01192+0.132%$61K$237K5xas long as short
Coinbase International W-PERP-INTX+0.0312%1h0.01193+0.221%$14K$16K50xas long as short
Backpack W_USDC_PERP+0.0645%1h0.01194+0.305%$44K$45K15xas long as short
Kraken Futures PF_WUSD+0.1700%1h0.01195+0.404%$148K$184K20xas long as short