Funding you earn now, next payment 05:00 UTC+0.0300%/8h= +32.8% APRpaid last 24h +0.038%
Price spread now: Coinbase International against GRVT+0.475%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$9 a day on $10k at the current rate, and Coinbase International is 0.475% dearer against GRVT than usual: you sell high and buy low: +$47 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT W_USDT_Perp | 0.01172 | 0.0100 | pay 0.0050% / 4h | 2h 41m | $124K | $375K | 10x |
| Short | Coinbase International W-PERP-INTX | 0.01178 | 0.0400 | get 0.0050% / 1h | 41m 28s | $14K | $13K | 50x |
GRVT W_USDT_Perp
Coinbase International W-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $63
- Price spread: +0.475% → 0.000%
- $47.47
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $91.47
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: GRVT: live order book, 6 min ago; Coinbase International: no order-book sample. 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 GRVT live order book, 6 min ago | 8.53 bp | 214.1 bp −$214 | 327.6 bp −$3,276 | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
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 | −0.0007% | 1h | 0.01168 | −0.353% | $14K | $3K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +3.163% | $1K | $1K | 12x | as long as short |
| Gate W_USDT | +0.0092% | 4h | 0.01166 | −0.472% | $427K | $237K | 75x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01169 | −0.251% | $2.0M | $289K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01168 | −0.319% | $2.9M | $5.3M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01166 | −0.515% | $4.1M | $1.6M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01167 | −0.404% | $1.3M | $1.6M | 20x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01169 | −0.285% | $12.3M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01167 | −0.421% | $387K | $196K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01169 | −0.251% | $1.3M | $539K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Gate W_USDT
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
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 | 0.01167 | −0.387% | — | $6.7M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01169 | −0.242% | $43K | $42K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01169 | −0.281% | $71K | $40K | — | as long as short |
| GRVT W_USDT_Perplong | +0.0100% | 4h | 0.01172 | long leg | $124K | $375K | 10x | |
| Extended W-USD | +0.0104% | 1h | 0.01168 | −0.345% | $60K | $147K | 5x | as long as short |
| Coinbase International W-PERP-INTXshort | +0.0400% | 1h | 0.01178 | +0.475% | $14K | $13K | 50x | |
| Kraken Futures PF_WUSD | +0.1747% | 1h | 0.01170 | −0.184% | $145K | $185K | 20x | as long as short |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
Extended W-USD
Kraken Futures PF_WUSD