Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: GRVT against tradeXYZ+0.010%66s7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as 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−$560.561% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 4 days (all we have)+0.243%+$24 · spread now +0.010%, 7d avg +0.055%
=Together, before fees+0.156%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GRVT is 0.044% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.055%). Swap the legs. The two prices were read 66 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 | tradeXYZ xyz:BE | 271.54 | 0.0050 | pay 0.0006% / 1h | 16m 14s | $5.9M | $2.8M | 10x |
| Short | GRVT BE_USDT_Perp | 271.57 | 0 | get 0.0000% / 8h | 1h 16m | $7K | $157K | 10x |
tradeXYZ xyz:BE
GRVT BE_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against tradeXYZ. 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: +0.010% → +0.055%
- −$4.43
- Slippage, 4 orders
- −$29.06
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$70.99
- Costs to cover
- 0.561%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 2 min ago; GRVT: live order book, 21 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 tradeXYZ live order book, 2 min ago | 0.18 bp | 9.7 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 21 min ago | 3.32 bp | 15.2 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate BE_USDT | −0.0241% | 8h | 271.50 | −0.015% | $1.4M | $3.4M | 50x | as long as short |
| Deribit BE_USDC-PERPETUAL | −0.0155% | 1h | 271.59 | +0.018% | $6K | $4K | 10x | as long as short |
| Bitget BEUSDT | −0.0130% | 8h | 271.40 | −0.052% | $1.6M | $2.6M | 20x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 271.73 | +0.072% | $341K | $125K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 271.55 | +0.002% | $46K | $251K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 271.57 | +0.010% | $8.2M | $37.2M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 271.42 | −0.044% | $2.6M | $6.9M | 25x | as long as short |
| GRVT BE_USDT_Perpshort | 0.0000% | 8h | 271.57 | +0.010% | $7K | $157K | 10x | |
| SunX BE-USDT | 0.0000% | 8h | 271.62 | +0.029% | $820 | $2.3M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 271.92 | +0.140% | $13K | $35K | 20x | as long as short |
Gate BE_USDT
Deribit BE_USDC-PERPETUAL
Bitget BEUSDT
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
OKX BE-USDT-SWAP
SunX BE-USDT
HTX BE-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BE | +0.0032% | 1h | 271.66 | +0.044% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 271.67 | +0.048% | $242K | $300K | 10x | as long as short |
| Bybit BEUSDT | +0.0037% | 8h | 271.51 | −0.011% | $2.0M | $1.1M | 25x | as long as short |
| QFEX BE-USD | +0.0040% | 1h | 271.54 | 0.000% | $1.3M | $2.3M | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 271.36 | −0.066% | $113K | $108K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 271.46 | −0.029% | — | — | 10x | as long as short |
| tradeXYZ xyz:BElong | +0.0050% | 1h | 271.54 | long leg | $5.9M | $2.8M | 10x | |
| Coinbase International BE-PERP-INTX | +0.0056% | 1h | 270.59 | −0.350% | $473K | $130K | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 271.62 | +0.029% | $367K | $18K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 271.59 | +0.019% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 271.78 | +0.088% | $45K | $147K | 20x | as long as short |
Lighter BE
Lighter RH BE
Bybit BEUSDT
QFEX BE-USD
Arcus BE-USD
Vest BE-USD-PERP
Coinbase International BE-PERP-INTX
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT