W

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0130%/8h= +14.3% APRnext payment +$0.65 per $10,000 · paid last 24h +0.010%

Price spread now: GRVT against OKX+0.176%111s7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$279as 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−$2882.885% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 3 days (all we have)+0.036%+$4 · spread now +0.176%, 7d avg +0.043%

Together, before fees+0.130%+ Points / potential airdropGRVT: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GRVT is 0.134% dearer against OKX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.043%. The two prices were read 111 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	OKX W-USDT-SWAP	0.01179	−0.0030	get 0.0015% / 4h	27m 42s	$1.3M	$2.0M	20x
Short	GRVT W_USDT_Perp	0.01181	0.0100	get 0.0050% / 4h	27m 42s	$130K	$363K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against OKX. 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 OKXbpFee GRVTbpOrdersPrice spread, now +0.176%Rate

Funding earned: $27.38
Price spread: +0.176% → +0.043%: $13.35
Slippage, 4 orders: −$269.46
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$247.73
Costs to cover: 2.885%
Break-even: 70.3 days

Slippage from OKX: live order book, 4 min ago; GRVT: live order book, 50 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 OKX live order book, 4 min ago	0.42 bp	29.2 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 50 min ago	8.50 bp	156.7 bp −$157	304.0 bp −$3,040	doesn't fit	doesn't fit

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	−0.0258%	1h	0.01180	+0.127%	$17K	$1K	10x	as long as short
OKX W-USDT-SWAPlong	−0.0030%	4h	0.01179	long leg	$1.3M	$2.0M	20x
Injective W/USDC PERP	+0.0033%	1h	0.01209	+2.579%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01180	+0.119%	$2.0M	$424K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01179	+0.051%	$3.0M	$6.8M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01178	−0.025%	$4.1M	$1.9M	50x	as long as short
Gate W_USDT	+0.0100%	4h	0.01179	+0.076%	$445K	$290K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01179	+0.034%	$12.8M	$1.5M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01182	+0.288%	$465K	$215K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01181	+0.204%	$1.3M	$572K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01180	+0.093%	—	$6.9M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01178	−0.016%	$71K	$42K	—	as long as short
GRVT W_USDT_Perpshort	+0.0100%	4h	0.01181	+0.176%	$130K	$363K	10x
Extended W-USD	+0.0104%	1h	0.01179	+0.074%	$59K	$228K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0248%	1h	0.01183	+0.365%	$14K	$16K	50x	as long as short
Backpack W_USDC_PERP	+0.0578%	1h	0.01181	+0.229%	$44K	$47K	15x	as long as short
Kraken Futures PF_WUSD	+0.0719%	1h	0.01183	+0.349%	$147K	$181K	20x	as long as short