Funding you earn now, next payment 00:00 UTC−0.0264%/8h= −28.9% APRnext payment −$1.32 per $10,000 · paid last 24h +0.003%
Price spread now: Bitget against GRVT−0.056%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$250.246% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 3 days (all we have)−0.002%$0 · spread now −0.056%, 7d avg −0.010%
=Together, before fees−0.079%+ Points / potential airdropGRVT: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bitget is 0.046% cheaper against GRVT than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.010%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.077% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.32 per $10,000. 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 XAUT_USDT_Perp | 4,342.4 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $712 | $117K | 10x |
| Short | Bitget XAUTUSDT | 4,340 | −0.0164 | pay 0.0082% / 4h | 2h 55m | $26.3M | $14.9M | 75x |
GRVT XAUT_USDT_Perp
Bitget XAUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$55.44
- Price spread: −0.056% → −0.010%
- −$4.56
- Slippage, 4 orders
- −$3.59
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$84.59
- Costs to cover
- 0.246%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 30 min ago; Bitget: live order book, 3 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, 30 min ago | 1.33 bp | 5.8 bp −$6 | 6.3 bp −$63 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 0.01 bp | 6.8 bp −$7 | 9.2 bp −$92 | doesn't fit | doesn't fit |
XAUT on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps XAUTUSD | −0.0239% | 1h | 4,342.1 | −0.008% | $56K | $33K | 20x | as long as short |
| Bitget XAUTUSDTshort | −0.0164% | 4h | 4,340 | −0.056% | $26.3M | $14.9M | 75x | |
| Kraken Futures PF_XAUTUSD | −0.0097% | 1h | 4,343.2 | +0.018% | $5.3M | $3.4M | 50x | as long as short |
| Injective XAUT/USDC PERP | −0.0056% | 1h | 4,343.8 | +0.032% | $8K | $76K | 30x | as long as short |
| Variational Omni XAUT | −0.0011% | 4h | 4,341.9 | −0.011% | $33.1M | $3.3M | — | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,343.8 | +0.032% | $131.9M | $8.9M | 100x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,343.7 | +0.030% | $10.1M | $2.1M | 25x | as long as short |
| Extended XAUT-USD | +0.0080% | 1h | 4,341.6 | −0.018% | $272K | $217K | 25x | as long as short |
| Binance XAUTUSDT | +0.0082% | 4h | 4,342.1 | −0.006% | $35.3M | $45.4M | 75x | as long as short |
| Nado XAUT-PERP | +0.0083% | 1h | 4,342 | −0.009% | $4.2M | $921K | 10x | as long as short |
Aftermath Perps XAUTUSD
Kraken Futures PF_XAUTUSD
Injective XAUT/USDC PERP
Variational Omni XAUT
Gate XAUT_USDT
SoDEX XAUT-USD
Extended XAUT-USD
Binance XAUTUSDT
Nado XAUT-PERPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit XAUTUSDT | +0.0100% | 4h | 4,341.9 | −0.012% | $120.6M | $27.2M | 75x | as long as short |
| MEXC XAUT_USDT | +0.0100% | 4h | 4,342.3 | −0.003% | $351.8M | $275.2M | 1000x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,343.5 | +0.025% | $11.5M | $3.3M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,341.9 | −0.011% | — | $17.7M | — | as long as short |
| GRVT XAUT_USDT_Perplong | +0.0100% | 4h | 4,342.4 | long leg | $712 | $117K | 10x | |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,342.8 | +0.009% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,343.3 | +0.019% | $1.8M | $175K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,349.4 | +0.161% | $2K | $3.8M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,340.1 | −0.053% | $1.8M | $231K | 75x | as long as short |
| BloFin XAUT-USDT | +0.0340% | 4h | 4,342 | −0.009% | $1.7M | $1.7M | 75x | as long as short |
Bybit XAUTUSDT
MEXC XAUT_USDT
KuCoin XAUTUSDTM
BingX XAUT-USDT
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
BloFin XAUT-USDT