BX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1165%/8h= +127.6% APRnext payment +$11.65 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against Bybit0.000%80s7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$372as 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−$3633.630% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 3 days (all we have)−0.030%−$3 · spread now 0.000%, 7d avg +0.020%

Together, before fees−0.117%+ Points / potential airdropGRVT: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$35 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.086%, so the current rate has only just turned in your favour. The two prices were read 80 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 -0.086% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.65 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 BXUSDT	126.41	0	get 0.0000% / 8h	2h 24m	$500K	$860K	25x
Short	GRVT BX_USDT_Perp	126.41	0.1165	get 0.1165% / 8h	2h 24m	$440	$128K	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee GRVTbpOrdersPrice spread, now 0.000%Rate

Funding earned: $244.65
Price spread: 0.000% → +0.020%: −$1.97
Slippage, 4 orders: −$342.97
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$120.29
Costs to cover: 3.630%
Break-even: 10.4 days

Slippage from Bybit: live order book, 61 min ago; GRVT: live order book, 62 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, 61 min ago	2.77 bp	147.2 bp −$147	307.1 bp −$3,071	doesn't fit	doesn't fit
Sell GRVT live order book, 62 min ago	1.97 bp	52.6 bp −$53	doesn't fit	doesn't fit	doesn't fit

BX on 14 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
Injective BX/USDC PERP	−0.0220%	1h	126.23	−0.142%	$2K	$27K	12x	as long as short
Aster BXUSDT	0.0000%	8h	126.08	−0.257%	$5K	$2K	20x	as long as short
Bybit BXUSDTlong	0.0000%	8h	126.41	long leg	$500K	$860K	25x
OKX BX-USDT-SWAP	0.0000%	8h	126.46	+0.040%	$159K	$102K	20x	as long as short
Gate BX_USDT	0.0000%	8h	126.37	−0.032%	$424K	$20K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.20	−0.166%	$900K	$50K	20x	as long as short
SunX BX-USDT	0.0000%	8h	126.37	−0.032%	$905	$304K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.44	+0.024%	$7K	$3K	20x	as long as short
QFEX BX-USD	+0.0018%	1h	128.49	+1.645%	$1.1M	$1.2M	10x	as long as short
KuCoin BXUSDTM	+0.0117%	8h	126.35	−0.047%	$112K	$1.2M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BX	+0.0161%	8h	126.36	−0.039%	$31K	$127	—	as long as short
Binance BXUSDT	+0.0393%	8h	126.39	−0.017%	$804K	$453K	20x	as long as short
tradeXYZ xyz:BX	+0.0821%	1h	126.30	−0.087%	$663K	$175K	10x	as long as short
GRVT BX_USDT_Perpshort	+0.1165%	8h	126.41	0.000%	$440	$128K	10x