Funding you earn now, next payment 08:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.95 per $10,000 · paid last 24h −0.033%
Price spread now: GRVT against Binance−0.032%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$390.393% of the position
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.032%, 7d avg +0.009%
=Together, before fees−0.067%+ Points / potential airdropGRVT: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GRVT is 0.041% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.009%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BABAUSDT | 116.70 | 0.0102 | pay 0.0102% / 8h | 40m 59s | $15.1M | $32.3M | 20x |
| Short | GRVT BABA_USDT_Perp | 116.66 | 0.0007 | get 0.0007% / 8h | 40m 59s | $2K | $190K | 10x |
Binance BABAUSDT
GRVT BABA_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
- −$19.87
- Price spread: −0.032% → +0.009%
- −$4.12
- Slippage, 4 orders
- −$20.3
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$63.29
- Costs to cover
- 0.393%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; GRVT: live order book, 61 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, 16 min ago | 0.43 bp | 8.4 bp −$8 | 17.9 bp −$179 | 98.7 bp −$9,870 | doesn't fit |
| Sell GRVT live order book, 61 min ago | 2.14 bp | 12.6 bp −$13 | 19.9 bp −$199 | doesn't fit | doesn't fit |
BABA on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BABAUSDT | 0.0000% | 8h | 116.74 | +0.039% | $68K | $37K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.65 | −0.041% | $2.1M | $717K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.71 | +0.010% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.68 | −0.016% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.70 | +0.001% | $781 | $3.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.72 | +0.018% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perpshort | +0.0007% | 8h | 116.66 | −0.032% | $2K | $190K | 10x | |
| Lighter BABA | +0.0032% | 1h | 116.74 | +0.036% | $372K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.70 | +0.001% | $434K | $503K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.736% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BABA | +0.0035% | 8h | 116.71 | +0.012% | $336K | $779K | — | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 116.60 | −0.084% | $70K | $140K | 10x | as long as short |
| QFEX BABA-USD | +0.0044% | 1h | 116.71 | +0.010% | $1.3M | $3.0M | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.61 | −0.076% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.64 | −0.050% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.65 | −0.041% | $229K | $427K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0054% | 1h | 116.62 | −0.067% | $11.7M | $4.4M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.66 | −0.033% | $606K | $382K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.69 | −0.007% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDTlong | +0.0102% | 8h | 116.70 | long leg | $15.1M | $32.3M | 20x | |
| Extended BABA_24_5-USD | +0.0104% | 1h | 116.67 | −0.023% | $47K | $312K | 10x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 116.65 | −0.041% | $65K | $89K | 10x | as long as short |
Variational Omni BABA
Arcus BABA-USD
QFEX BABA-USD
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Phoenix BABA