Funding you earn now, next payment 08:00 UTC−0.0516%/8h= −56.5% APRnext payment −$5.16 per $10,000 · paid last 24h −0.152%
Price spread now: GRVT against Bybit+0.005%90s7-day average −0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$463as 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−$4284.280% of the position
Funding, last 7 days−0.348%−$35 on $10k
+Price spread, last 4 days (all we have)−0.673%−$67 · spread now +0.005%, 7d avg −0.047%
=Together, before fees−1.021%+ Points / potential airdropGRVT: Active · farm board−$102 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.052% dearer against Bybit than usual: you sell high and buy low (spread +0.005% now, against its 7-day average of −0.047%): +$5 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.348% in total) that is about 25 hours. The two prices were read 90 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 -0.348% in total (about -18.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.16 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 | Bybit BBXUSDT | 8.5310 | 0.0516 | pay 0.0516% / 8h | 42m 01s | $436K | $255K | 25x |
| Short | GRVT BBX_USDT_Perp | 8.5314 | 0 | get 0.0000% / 8h | 42m 01s | $436 | $128K | 10x |
Bybit BBXUSDT
GRVT BBX_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Bybit. 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
- −$108.27
- Price spread: +0.005% → −0.047%
- $5.24
- Slippage, 4 orders
- −$407.99
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$531.03
- Costs to cover
- 4.280%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 28 min ago; GRVT: live order book, 55 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 Bybit live order book, 28 min ago | 3.52 bp | 109.2 bp −$109 | 208.8 bp −$2,088 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 55 min ago | 5.84 bp | 77.6 bp −$78 | 140.8 bp −$1,408 | doesn't fit | doesn't fit |
BBX on 9 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 BBXUSDT | 0.0000% | 8h | 8.5317 | +0.008% | $4K | $7K | 20x | as long as short |
| GRVT BBX_USDT_Perpshort | 0.0000% | 8h | 8.5314 | +0.005% | $436 | $128K | 10x | |
| SunX BBX-USDT | 0.0000% | 8h | 8.5200 | −0.129% | $637 | $598K | 10x | as long as short |
| HTX BBX-USDT | 0.0000% | 8h | 8.5500 | +0.223% | $7K | $2K | 10x | as long as short |
| KuCoin BBXUSDTM | +0.0100% | 8h | 8.5600 | +0.340% | $136K | $368K | 20x | as long as short |
| Nado BBX-PERP | +0.0172% | 1h | 8.5223 | −0.102% | $59K | $13K | 3x | as long as short |
| Variational Omni BBX | +0.0188% | 8h | 8.5308 | −0.002% | $145K | $9K | — | as long as short |
| Binance BBXUSDT | +0.0372% | 8h | 8.5330 | +0.023% | $1.2M | $2.0M | 20x | as long as short |
| Bybit BBXUSDTlong | +0.0516% | 8h | 8.5310 | long leg | $436K | $255K | 25x |
Aster BBXUSDT
SunX BBX-USDT
HTX BBX-USDT
KuCoin BBXUSDTM
Nado BBX-PERP
Variational Omni BBX
Binance BBXUSDT