Funding you earn now, next payment 00:00 UTC+0.0201%/8h= +22.0% APRpaid last 24h +0.002%
Price spread now: tradeXYZ against GRVT−0.046%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$320.316% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 3 days (all we have)−0.099%−$10 · spread now −0.046%, 7d avg −0.098%
=Together, before fees−0.130%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and tradeXYZ is 0.052% dearer against GRVT than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.098%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.031% in total (about -1.6% 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 AAPL_USDT_Perp | 339.14 | 0.0009 | pay 0.0009% / 8h | 40m 59s | $14K | $498K | 10x |
| Short | tradeXYZ xyz:AAPL | 338.98 | 0.0210 | get 0.0026% / 1h | 40m 59s | $40.9M | $76.5M | 20x |
GRVT AAPL_USDT_Perp
tradeXYZ xyz:AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $42.21
- Price spread: −0.046% → −0.098%
- $5.18
- Slippage, 4 orders
- −$4.57
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $15.82
- Costs to cover
- 0.316%
- Break-even
- 4.4 days
Slippage from GRVT: live order book, 37 min ago; tradeXYZ: live order book, 9 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, 37 min ago | 1.33 bp | 6.1 bp −$6 | 10.6 bp −$106 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 9 min ago | 0.29 bp | 9.8 bp −$10 | 11.9 bp −$119 | doesn't fit | doesn't fit |
AAPL on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX AAPLUSDC | −0.0509% | 4h | 339.09 | −0.013% | $81K | $327K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.99 | −0.042% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.12 | −0.005% | $6.0M | $39.6M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.07 | −0.020% | $6.5M | $7.0M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.89 | −0.073% | $3.0M | $4.2M | 100x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.12 | −0.005% | $587 | $4.8M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.23 | +0.027% | $52K | $223K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.16 | +0.007% | $2.1M | $7K | 10x | as long as short |
| GRVT AAPL_USDT_Perplong | +0.0009% | 8h | 339.14 | long leg | $14K | $498K | 10x | |
| Lighter RH AAPL | +0.0032% | 1h | 339.05 | −0.026% | $964K | $3.8M | 20x | as long as short |
edgeX AAPLUSDC
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
Lighter RH AAPLShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AAPLUSDT | +0.0037% | 8h | 339.13 | −0.002% | $6.2M | $3.4M | 100x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.0045% | 1h | 338.91 | −0.067% | $28K | $66K | 10x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.76 | −0.111% | — | $53K | 25x | as long as short |
| Variational Omni AAPL | +0.0048% | 8h | 339.13 | −0.001% | $2.4M | $1.4M | — | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.94 | −0.058% | $265K | $394K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.97 | −0.049% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.82 | −0.093% | $1.4M | $2.4M | 20x | as long as short |
| BloFin AAPL-USDT | +0.0058% | 8h | 339.07 | −0.020% | $348K | $167K | 20x | as long as short |
| QFEX AAPL-USD | +0.0064% | 1h | 339.01 | −0.037% | $3.2M | $5.1M | 10x | as long as short |
| Lighter AAPL | +0.0080% | 1h | 339.02 | −0.035% | $773K | $2.4M | 20x | as long as short |
| Extended AAPL_24_5-USD | +0.0080% | 1h | 339.03 | −0.031% | $285K | $1.5M | 10x | as long as short |
| Binance AAPLUSDT | +0.0081% | 8h | 339.11 | −0.007% | $22.4M | $67.3M | 25x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.84 | −0.088% | $1.4M | $28K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.76 | −0.111% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.99 | −0.043% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.06 | −0.021% | $11K | — | 10x | as long as short |
| Nado AAPL-PERP | +0.0125% | 1h | 338.84 | −0.089% | $556K | $35K | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0128% | 1h | 338.96 | −0.052% | $36K | — | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0192% | 1h | 339.03 | −0.032% | $660K | $677K | 10x | as long as short |
| tradeXYZ xyz:AAPLshort | +0.0210% | 1h | 338.98 | −0.046% | $40.9M | $76.5M | 20x | |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.57 | +0.128% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0330% | 1h | 339.15 | +0.004% | $2K | $8K | 20x | as long as short |
| Arcus AAPL-USD | +0.0397% | 1h | 339.00 | −0.040% | $270K | $71K | 20x | as long as short |
Bitget AAPLUSDT
Deribit AAPL_USDC-PERPETUAL
Vest AAPL-USD-PERP
Variational Omni AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
BloFin AAPL-USDT
QFEX AAPL-USD
Lighter AAPL
Extended AAPL_24_5-USD
Binance AAPLUSDT
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Nado AAPL-PERP
Hotstuff AAPL-PERP
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL
Arcus AAPL-USD