Funding you earn now, next payment 00:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.12 per $10,000 · paid last 24h +0.004%
Price spread now: Binance against GRVT−0.364%49s7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as 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−$340.340% of the position
Funding, last 7 days−0.110%−$11 on $10k
+Price spread, last 3 days (all we have)−0.236%−$24 · spread now −0.364%, 7d avg +0.009%
=Together, before fees−0.346%+ Points / potential airdropGRVT: Active · farm board−$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.373% cheaper against GRVT than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of +0.009%). Swap the legs. The two prices were read 49 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 WLD_USDT_Perp | 0.4607 | 0.0100 | pay 0.0100% / 8h | 2h 52m | $624K | $1.9M | 10x |
| Short | Binance WLDUSDT | 0.4590 | 0.0088 | get 0.0088% / 8h | 2h 52m | $87.7M | $288.7M | 75x |
GRVT WLD_USDT_Perp
Binance WLDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$2.43
- Price spread: −0.364% → +0.009%
- −$37.26
- Slippage, 4 orders
- −$15.01
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$73.7
- Costs to cover
- 0.340%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 1 min ago; Binance: live order book, 6 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 GRVT live order book, 1 min ago | 1.09 bp | 5.6 bp −$6 | 34.8 bp −$348 | 1091.6 bp −$109.2K | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.08 bp | 7.3 bp −$7 | 16.2 bp −$162 | 52.2 bp −$5,220 | 184.4 bp −$92.2K |
WLD on 38 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0406% | 8h | 0.4601 | −0.130% | $31K | $3.7M | 1.7x | as long as short |
| Variational Omni WLD | −0.0069% | 8h | 0.4630 | +0.510% | $2.1M | $1.7M | — | as long as short |
| Orderly PERP_WLD_USDC | −0.0029% | 8h | 0.4594 | −0.282% | $28K | $921K | 10x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4592 | −0.325% | $157K | $6K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4595 | −0.260% | $154K | $785K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4599 | −0.181% | $57K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0012% | 8h | 0.4590 | −0.369% | $7.0M | $10.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0038% | 8h | 0.4588 | −0.412% | $34.6M | $137.5M | 50x | as long as short |
| Phoenix WLD | +0.0052% | 1h | 0.4597 | −0.208% | $5K | $52K | 10x | as long as short |
| Bybit WLDUSDT | +0.0064% | 8h | 0.4590 | −0.369% | $67.4M | $78.5M | 50x | as long as short |
Kalshi KXWLDPERP
Variational Omni WLD
Orderly PERP_WLD_USDC
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
OKX WLD-USDT-SWAP
Phoenix WLD
Bybit WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado WLD-PERP | +0.0079% | 1h | 0.4602 | −0.097% | $275K | $168K | 5x | as long as short |
| MEXC WLD_USDT | +0.0086% | 8h | 0.4585 | −0.477% | $53.9M | $46.3M | 300x | as long as short |
| Binance WLDUSDTshort | +0.0088% | 8h | 0.4590 | −0.364% | $87.7M | $288.7M | 75x | |
| Aster WLDUSDT | +0.0100% | 8h | 0.4591 | −0.356% | $210K | $977K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4598 | −0.199% | $55K | $475K | 5x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4586 | −0.455% | $7.5M | $34.0M | 75x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4589 | −0.390% | $30.3M | $24.9M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4588 | −0.412% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4596 | −0.234% | $130K | $281K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4620 | +0.273% | $27K | $314K | 20x | as long as short |
| GRVT WLD_USDT_Perplong | +0.0100% | 8h | 0.4607 | long leg | $624K | $1.9M | 10x | |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4632 | +0.543% | $55K | $227K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4603 | −0.084% | $56K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4599 | −0.173% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4594 | −0.282% | $199 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4596 | −0.238% | $865K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4594 | −0.282% | $1.9M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4592 | −0.324% | $134K | $744K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4596 | −0.239% | $31K | $5K | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4600 | −0.160% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0208% | 8h | 0.4593 | −0.303% | $5.0M | $881K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0223% / S −0.1831% | 1h | 0.4597 | −0.213% | $9K | — | 100x | as long as short |
| Hyperliquid WLD | +0.0367% | 1h | 0.4597 | −0.214% | $47.7M | $40.4M | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0374% | 1h | 0.4622 | +0.326% | $6K | $139K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0400% | 1h | 0.4605 | −0.043% | $277K | $1.6M | 50x | as long as short |
| 01 Exchange WLDUSD | +0.0784% | 1h | 0.4628 | +0.465% | $331 | $77 | 5x | as long as short |
| Lighter WLD | +0.1024% | 1h | 0.4600 | −0.143% | $5.1M | $1.9M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1085% | 1h | 0.4597 | −0.217% | $922K | $2.5M | 50x | as long as short |
Nado WLD-PERP
MEXC WLD_USDT
Aster WLDUSDT
Pacifica WLD
Gate WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
edgeX WLDUSDC
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
Hyperliquid WLD
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
01 Exchange WLDUSD
Lighter WLD
Kraken Futures PF_WLDUSD