Funding you earn now, next payment 23:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.064%
Price spread now: Coinbase International against GRVT−0.013%76s7-day average +0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as 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−$670.675% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 3 days (all we have)+0.163%+$16 · spread now −0.013%, 7d avg +0.077%
=Together, before fees+0.182%+ Points / potential airdropGRVT: Active · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.090% cheaper against GRVT than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.077%). If the spread goes back, that is −$9 on $10k: about 21 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.019% in total) that is about 33 days. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT WLD_USDT_Perp | 0.4588 | 0.0100 | pay 0.0100% / 8h | 27m 43s | $619K | $1.9M | 10x |
| Short | Coinbase International WLD-PERP-INTX | 0.4587 | 0.0440 | get 0.0055% / 1h | 27m 43s | $270K | $1.6M | 50x |
GRVT WLD_USDT_Perp
Coinbase International WLD-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
- $71.4
- Price spread: −0.013% → +0.077%
- −$9.01
- Slippage, 4 orders
- −$48.46
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$5.07
- Costs to cover
- 0.675%
- Break-even
- 7.5 days
Slippage from GRVT: live order book, 1 min ago; Coinbase International: live order book, 1 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 | 9.2 bp −$9 | 28.3 bp −$283 | 1060.5 bp −$106.1K | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 5.45 bp | 18.3 bp −$18 | 24.6 bp −$246 | doesn't fit | doesn't fit |
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 | −0.0201% | 8h | 0.4582 | −0.122% | $63K | $3.9M | 1.7x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4578 | −0.216% | $163K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4581 | −0.144% | $113K | $885K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4581 | −0.141% | $56K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0011% | 8h | 0.4575 | −0.275% | $6.9M | $11.0M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0029% | 8h | 0.4580 | −0.166% | $28K | $908K | 10x | as long as short |
| Nado WLD-PERP | +0.0048% | 1h | 0.4579 | −0.177% | $276K | $169K | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4579 | −0.188% | $189K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4578 | −0.216% | $53K | $483K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4578 | −0.216% | $86.3M | $301.5M | 75x | as long as short |
Kalshi KXWLDPERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Orderly PERP_WLD_USDC
Nado WLD-PERP
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4577 | −0.231% | $65.5M | $82.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4579 | −0.188% | $34.1M | $142.8M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4577 | −0.231% | $7.4M | $35.6M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4579 | −0.188% | $45.7M | $52.9M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4576 | −0.253% | $30.2M | $25.9M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4577 | −0.231% | — | $67.1M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4581 | −0.151% | $129K | $272K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4586 | −0.036% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4578 | −0.199% | $27K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perplong | +0.0100% | 8h | 0.4588 | long leg | $619K | $1.9M | 10x | |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4583 | −0.101% | $55K | $228K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4584 | −0.088% | $45K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4587 | −0.013% | $22K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4580 | −0.166% | $210 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4585 | −0.057% | $854K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4580 | −0.166% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4575 | −0.283% | $234K | $845K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4581 | −0.155% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0104% | 1h | 0.4581 | −0.138% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4579 | −0.178% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4585 | −0.057% | $4.9M | $824K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4580 | −0.166% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0264% | 1h | 0.4586 | −0.035% | $328 | $77 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0373% | 1h | 0.4592 | +0.096% | $6K | $185K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTXshort | +0.0440% | 1h | 0.4587 | −0.013% | $270K | $1.6M | 50x | |
| Hyperliquid WLD | +0.0486% | 1h | 0.4585 | −0.048% | $49.7M | $43.1M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0718% | 1h | 0.4582 | −0.119% | $905K | $2.7M | 50x | as long as short |
| Lighter WLD | +0.1440% | 1h | 0.4587 | −0.011% | $5.2M | $2.0M | 10x | as long as short |
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
Variational Omni WLD
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
Phoenix WLD
Reya WLDRUSDPERP
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Injective WLD/USDC PERP
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Lighter WLD