Funding you earn now, next payment 00:00 UTC−0.1943%/8h= −212.8% APRnext payment −$19.43 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against GRVT−0.083%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$4,235as in the Funding arb table
Net, price: spread back to 7d avg − costs−$4,260as in the Price arb table
costs, in and out, $10k−$4,25142.513% of the position
Funding, last 7 days+0.160%+$16 on $10k
+Price spread, last 3 days (all we have)+0.127%+$13 · spread now −0.083%, 7d avg +0.003%
=Together, before fees+0.287%+ Points / potential airdropGRVT: Active · farm board+$29 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$58 a day on $10k at the current rate, and OKX is 0.086% cheaper against GRVT than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.003%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.160%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.160% in total (about 8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$19.43 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 | GRVT BX_USDT_Perp | 126.66 | 0.2191 | pay 0.2191% / 8h | 42m 59s | $612 | $122K | 10x |
| Short | OKX BX-USDT-SWAP | 126.56 | 0.0248 | get 0.0248% / 8h | 42m 59s | $163K | $108K | 20x |
GRVT BX_USDT_Perp
OKX BX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$408.11
- Price spread: −0.083% → +0.003%
- −$8.55
- Slippage, 4 orders
- −$4,232.3
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$4,667.96
- Costs to cover
- 42.513%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 33 min ago; OKX: live order book, 32 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, 33 min ago | 3.95 bp | 4048.8 bp −$4,049 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 32 min ago | 7.51 bp | 83.6 bp −$84 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BXUSDT | 0.0000% | 8h | 126.39 | −0.217% | $5K | $2K | 20x | as long as short |
| Bybit BXUSDT | 0.0000% | 8h | 126.64 | −0.020% | $497K | $858K | 25x | as long as short |
| QFEX BX-USD | 0.0000% | 1h | 129.31 | +2.088% | $1.1M | $1.3M | 10x | as long as short |
| Gate BX_USDT | 0.0000% | 8h | 126.85 | +0.146% | $426K | $20K | 20x | as long as short |
| Bitget BXUSDT | 0.0000% | 8h | 126.72 | +0.043% | $904K | $44K | 20x | as long as short |
| SunX BX-USDT | 0.0000% | 8h | 126.61 | −0.043% | $703 | $303K | 10x | as long as short |
| HTX BX-USDT | 0.0000% | 8h | 126.71 | +0.036% | $7K | $3K | 20x | as long as short |
| Injective BX/USDC PERP | +0.0220% | 1h | 138.57 | +9.399% | $4K | $32K | 12x | as long as short |
| OKX BX-USDT-SWAPshort | +0.0248% | 8h | 126.56 | −0.083% | $163K | $108K | 20x | |
| tradeXYZ xyz:BX | +0.0457% | 1h | 126.42 | −0.193% | $663K | $181K | 10x | as long as short |
Aster BXUSDT
Bybit BXUSDT
QFEX BX-USD
Gate BX_USDT
Bitget BXUSDT
SunX BX-USDT
HTX BX-USDT
Injective BX/USDC PERP
tradeXYZ xyz:BXShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BXUSDTM | +0.1042% | 8h | 126.55 | −0.091% | $113K | $1.1M | 20x | as long as short |
| Variational Omni BX | +0.1076% | 8h | 126.56 | −0.084% | $31K | $127 | — | as long as short |
| Binance BXUSDT | +0.1409% | 8h | 126.58 | −0.067% | $803K | $457K | 20x | as long as short |
| GRVT BX_USDT_Perplong | +0.2191% | 8h | 126.66 | long leg | $612 | $122K | 10x |
KuCoin BXUSDTM
Variational Omni BX
Binance BXUSDT