Funding you earn now, next payment 00:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.86 per $10,000 · paid last 24h −0.006%
Price spread now: GRVT against Binance+0.095%59s7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as 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−$810.808% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 3 days (all we have)+0.706%+$71 · spread now +0.095%, 7d avg −0.039%
=Together, before fees+0.748%+ Points / potential airdropGRVT: Active · farm board+$75 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GRVT is 0.134% dearer against Binance than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.039%. The two prices were read 59 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 | Binance ZENUSDT | 7.6445 | 0.0014 | pay 0.0014% / 8h | 2h 52m | $10.9M | $33.7M | 75x |
| Short | GRVT ZEN_USDT_Perp | 7.6518 | 0.0100 | get 0.0100% / 8h | 2h 52m | $580K | $1.6M | 10x |
Binance ZENUSDT
GRVT ZEN_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Binance. 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
- $18.05
- Price spread: +0.095% → −0.039%
- $13.43
- Slippage, 4 orders
- −$61.83
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$49.34
- Costs to cover
- 0.808%
- Break-even
- 26.1 days
Slippage from Binance: live order book, 4 min ago; GRVT: 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 Binance live order book, 4 min ago | 0.65 bp | 12.1 bp −$12 | 32.0 bp −$320 | 380.5 bp −$38.0K | doesn't fit |
| Sell GRVT live order book, 1 min ago | 2.62 bp | 36.6 bp −$37 | 58.5 bp −$585 | doesn't fit | doesn't fit |
ZEN 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEN | −0.0165% | 8h | 7.6195 | −0.328% | $51K | $232K | — | as long as short |
| OKX ZEN-USDT-SWAP | −0.0019% | 4h | 7.6380 | −0.085% | $2.3M | $6.5M | 50x | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.6505 | +0.078% | $9K | — | 5x | as long as short |
| MEXC ZEN_USDT | +0.0013% | 8h | 7.6450 | +0.006% | $12.1M | $6.0M | 200x | as long as short |
| Binance ZENUSDTlong | +0.0014% | 8h | 7.6445 | long leg | $10.9M | $33.7M | 75x | |
| Extended ZEN-USD | +0.0016% | 1h | 7.6472 | +0.035% | $25K | $110K | 5x | as long as short |
| KuCoin ZENUSDTM | +0.0019% | 8h | 7.6500 | +0.071% | $4.3M | $5.3M | 50x | as long as short |
| Bitget ZENUSDT | +0.0040% | 8h | 7.6450 | +0.006% | $2.8M | $3.7M | 50x | as long as short |
| BloFin ZEN-USDT | +0.0054% | 8h | 7.6520 | +0.098% | $834K | $2.0M | 75x | as long as short |
| Aster ZENUSDT | +0.0055% | 8h | 7.6460 | +0.019% | $54K | $388K | 10x | as long as short |
Variational Omni ZEN
OKX ZEN-USDT-SWAP
dYdX ZEN-USD
MEXC ZEN_USDT
Extended ZEN-USD
KuCoin ZENUSDTM
Bitget ZENUSDT
BloFin ZEN-USDT
Aster ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZEN | +0.0100% | 1h | 7.6676 | +0.302% | $2.4M | $2.1M | 5x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.6380 | −0.085% | $4.6M | $7.4M | 75x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6430 | −0.020% | — | $3.4M | — | as long as short |
| GRVT ZEN_USDT_Perpshort | +0.0100% | 8h | 7.6518 | +0.095% | $580K | $1.6M | 10x | |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6310 | −0.177% | $27K | $683K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6600 | +0.202% | $2K | $1.5M | 20x | as long as short |
| Kraken Futures PF_ZENUSD | +0.1134% | 1h | 7.6730 | +0.372% | $494K | $1.1M | 25x | as long as short |
Hyperliquid ZEN
Bybit ZENUSDT
BingX ZEN-USDT
ApeX Omni ZENUSDT
SunX ZEN-USDT
Kraken Futures PF_ZENUSD