Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.020%
Price spread now: tradeXYZ against GRVT−0.003%86s7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as 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−$560.563% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 4 days (all we have)−1.046%−$105 · spread now −0.003%, 7d avg −0.052%
=Together, before fees−0.962%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board−$96 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.049% dearer against GRVT than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.052%. The two prices were read 86 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 | GRVT BE_USDT_Perp | 274.39 | 0 | get 0.0000% / 8h | 6h 17m | $7K | $168K | 10x |
| Short | tradeXYZ xyz:BE | 274.38 | 0.0050 | get 0.0006% / 1h | 17m 58s | $5.9M | $2.8M | 10x |
GRVT BE_USDT_Perp
tradeXYZ xyz:BEFunding 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
- $10.5
- Price spread: −0.003% → −0.052%
- $4.93
- Slippage, 4 orders
- −$29.27
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$40.84
- Costs to cover
- 0.563%
- Break-even
- 34.2 days
Slippage from GRVT: live order book, 45 min ago; tradeXYZ: live order book, 10 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, 45 min ago | 3.09 bp | 14.5 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 1.10 bp | 16.2 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
BE 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 274.39 | −0.001% | $345K | $119K | 20x | as long as short |
| Bybit BEUSDT | 0.0000% | 8h | 274.61 | +0.081% | $2.0M | $1.1M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 274.40 | +0.004% | $1.5M | $3.4M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 274.47 | +0.030% | $1.7M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perplong | 0.0000% | 8h | 274.39 | long leg | $7K | $168K | 10x | |
| SunX BE-USDT | 0.0000% | 8h | 274.48 | +0.033% | $1K | $2.4M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 274.46 | +0.026% | $13K | $34K | 20x | as long as short |
| QFEX BE-USD | +0.0026% | 1h | 274.39 | +0.001% | $1.3M | $3.2M | 10x | as long as short |
| Lighter BE | +0.0032% | 1h | 274.43 | +0.015% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 274.55 | +0.059% | $251K | $290K | 10x | as long as short |
Aster BEUSDT
Bybit BEUSDT
Gate BE_USDT
Bitget BEUSDT
SunX BE-USDT
HTX BE-USDT
QFEX BE-USD
Lighter BE
Lighter RH BEShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BE-USD | +0.0040% | 1h | 274.14 | −0.090% | $114K | $109K | 10x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0041% | 1h | 274.55 | +0.059% | $7K | $4K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 274.45 | +0.022% | — | — | 10x | as long as short |
| tradeXYZ xyz:BEshort | +0.0050% | 1h | 274.38 | −0.003% | $5.9M | $2.8M | 10x | |
| KuCoin BEUSDTM | +0.0100% | 8h | 274.53 | +0.052% | $371K | $22K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 274.52 | +0.048% | — | — | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0112% | 1h | 273.08 | −0.477% | $473K | $131K | 10x | as long as short |
| Binance BEUSDT | +0.0128% | 8h | 274.52 | +0.048% | $8.4M | $36.2M | 25x | as long as short |
| Extended BE-USD | +0.0128% | 1h | 274.46 | +0.025% | $47K | $262K | 10x | as long as short |
| OKX BE-USDT-SWAP | +0.0187% | 8h | 274.46 | +0.026% | $2.6M | $6.8M | 25x | as long as short |
Arcus BE-USD
Deribit BE_USDC-PERPETUAL
Vest BE-USD-PERP
KuCoin BEUSDTM
Aevo BE-PERP
Coinbase International BE-PERP-INTX
Binance BEUSDT
Extended BE-USD
OKX BE-USDT-SWAP