Funding you earn now, next payment 00:00 UTC−0.0006%/8h= −0.6% APRnext payment −$0.03 per $10,000 · paid last 24h +0.002%
Price spread now: Orderly against GRVT+1.016%70s7-day average +0.061% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 3 days (all we have)−0.897%−$90 · spread now +1.016%, 7d avg +0.061%
=Together, before fees−0.957%+ Points / potential airdropGRVT: Active · farm board−$96 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: Orderly is 0.955% dearer against GRVT than usual: you sell high and buy low, +$96 on $10k if it goes back to its 7-day average of +0.061%. The two prices were read 70 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 | GRVT WIF_USDT_Perp | 0.2435 | 0.0100 | pay 0.0050% / 4h | 4m 15s | $276K | $1.8M | 10x |
| Short | Orderly PERP_WIF_USDC | 0.2460 | 0.0094 | get 0.0047% / 4h | 4m 15s | $5K | $1.3M | 10x |
GRVT WIF_USDT_Perp
Orderly PERP_WIF_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$1.18
- Price spread: +1.016% → +0.061%
- $95.51
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $79.33
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: GRVT: live order book, 4 min ago; Orderly: 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, 4 min ago | 4.10 bp | 21.8 bp −$22 | 38.0 bp −$380 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.
WIF on 32 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack WIF_USDC_PERP | −0.0392% | 1h | 0.2457 | +0.888% | $75K | $250K | 10x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2457 | +0.878% | $18K | $589 | 10x | as long as short |
| Deribit WIF_USDC-PERPETUAL | 0.0000% | 1h | 0.2461 | +1.057% | $48K | $289K | 25x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S −0.0001% | 1h | 0.2461 | +1.038% | $16K | — | 150x | as long as short |
| KuCoin WIFUSDTM | +0.0018% | 4h | 0.2456 | +0.852% | $4.3M | $11.8M | 75x | as long as short |
| Injective WIF/USDC PERP | +0.0033% | 1h | 0.2395 | −1.653% | $10K | $10K | 12x | as long as short |
| Orderly PERP_WIF_USDCshort | +0.0094% | 4h | 0.2460 | +1.016% | $5K | $1.3M | 10x | |
| Lighter WIF | +0.0096% | 1h | 0.2461 | +1.040% | $138K | $571K | 10x | as long as short |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2459 | +0.975% | $54K | $484K | 20x | as long as short |
| Hyperliquid WIF | +0.0100% | 1h | 0.2462 | +1.098% | $7.7M | $4.1M | 5x | as long as short |
Backpack WIF_USDC_PERP
dYdX WIF-USD
Deribit WIF_USDC-PERPETUAL
gTrade (Gains Network) WIF/USD
KuCoin WIFUSDTM
Injective WIF/USDC PERP
Lighter WIF
Popdex WIFUSDT
Hyperliquid WIFShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster WIFUSDT | +0.0100% | 4h | 0.2461 | +1.059% | $24K | $256K | 10x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2455 | +0.831% | $76K | $51K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2458 | +0.944% | $18.5M | $104.4M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2456 | +0.868% | $16.9M | $36.1M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2456 | +0.852% | $6.0M | $32.6M | 50x | as long as short |
| Gate WIF_USDT | +0.0100% | 4h | 0.2460 | +1.016% | $1.2M | $7.1M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2458 | +0.934% | $22.2M | $10.8M | 50x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2459 | +0.975% | $7.6M | $11.8M | 50x | as long as short |
| BingX WIF-USDC | +0.0100% | 4h | 0.2457 | +0.893% | — | $2.3M | — | as long as short |
| Variational Omni WIF | +0.0100% | 4h | 0.2437 | +0.078% | $72K | $68K | — | as long as short |
| GRVT WIF_USDT_Perplong | +0.0100% | 4h | 0.2435 | long leg | $276K | $1.8M | 10x | |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2435 | −0.011% | $43K | $628K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2456 | +0.852% | $1K | $2.8M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2459 | +0.975% | $565 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2456 | +0.852% | $169K | $746K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2458 | +0.945% | $10K | $153K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2460 | +1.002% | $82K | $85 | 3x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L +0.0191% / S −0.0138% | 1h | 0.2460 | +1.005% | $6K | — | 100x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0264% | 1h | 0.2463 | +1.139% | $323K | $2.4M | 50x | as long as short |
| Kraken Futures PF_WIFUSD | +0.0317% | 1h | 0.2461 | +1.047% | $638K | $2.2M | 50x | as long as short |
| BloFin WIF-USDT | +0.0340% | 4h | 0.2447 | +0.482% | $988K | $736K | 75x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2458 | +0.920% | $0 | — | 15x | as long as short |
Aster WIFUSDT
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
Gate WIF_USDT
MEXC WIF_USDT
Bitget WIFUSDT
BingX WIF-USDC
Variational Omni WIF
ApeX Omni WIFUSDT
SunX WIF-USDT
SoDEX WIF-USD
HTX WIF-USDT
Extended WIF-USD
Aevo WIF-PERP
GMX WIF/USD [WBTC.b-USDC]
Coinbase International WIF-PERP-INTX
Kraken Futures PF_WIFUSD
BloFin WIF-USDT
Reya WIFRUSDPERP