Funding you earn now, next payment 05:00 UTC−0.0293%/8h= −32.1% APRpaid last 24h +0.029%
Price spread now: GRVT against Coinbase International−2.026%7-day average +0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$261as in the Price arb table
costs, in and out, $10k−$510.509% of the position
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 4 days (all we have)+2.121%+$212 · spread now −2.026%, 7d avg +0.079%
=Together, before fees+2.033%+ Points / potential airdropGRVT: Active · farm board+$203 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and GRVT is 2.105% cheaper against Coinbase International than usual: you would sell low and buy high (−$211 if the spread goes back to its 7-day average of +0.079%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.088% in total (about -4.6% a year). A funding rate is set anew for every payment. 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 | Coinbase International CBRS-PERP-INTX | 210.27 | 0.0464 | pay 0.0058% / 1h | 13m 10s | $115K | $116K | 10x |
| Short | GRVT CBRS_USDT_Perp | 206.01 | 0.0171 | get 0.0171% / 8h | 2h 13m | $554 | $214K | 10x |
Coinbase International CBRS-PERP-INTX
GRVT CBRS_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Coinbase International. 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
- −$61.53
- Price spread: −2.026% → +0.079%
- −$210.52
- Slippage, 4 orders
- −$31.86
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$322.92
- Costs to cover
- 0.509%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 35 min ago; GRVT: live order book, 34 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 Coinbase International live order book, 35 min ago | 6.76 bp | 12.8 bp −$13 | 23.7 bp −$237 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 34 min ago | 4.10 bp | 8.6 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
CBRS on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CBRSUSDT | −0.0676% | 8h | 206.58 | −1.755% | $2.4M | $2.4M | 20x | as long as short |
| edgeX CBRSUSDC | −0.0224% | 4h | 205.92 | −2.067% | $23K | $221K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0164% | 1h | 206.08 | −1.993% | $42.1M | $3.9M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.36 | −1.857% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.68 | −1.707% | $2.2M | $3.5M | 25x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 205.97 | −2.045% | $1K | $108K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 206.90 | −1.603% | $1K | $2.9M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.19 | −1.940% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0015% | 1h | 205.94 | −2.059% | — | $107K | 10x | as long as short |
| QFEX CBRS-USD | +0.0024% | 1h | 206.40 | −1.840% | $1.1M | $3.1M | 10x | as long as short |
Bitget CBRSUSDT
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Phoenix CBRS
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
QFEX CBRS-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRS | +0.0032% | 1h | 206.09 | −1.988% | $90K | $887K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 206.23 | −1.921% | $51K | $1.1M | 10x | as long as short |
| Variational Omni CBRS | +0.0077% | 8h | 205.97 | −2.045% | $401K | $82K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.18 | −1.945% | $114K | $111K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.80 | −2.126% | $24K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.27 | −1.902% | $816 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.29 | −1.894% | $239 | — | 10x | as long as short |
| BloFin CBRS-USDT | +0.0112% | 8h | 206.51 | −1.788% | $146K | $70K | 20x | as long as short |
| Binance CBRSUSDT | +0.0133% | 8h | 206.57 | −1.762% | $10.1M | $30.4M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0136% | 1h | 206.45 | −1.815% | $44K | $389K | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0170% | 1h | 206.06 | −2.002% | $335K | $716K | 10x | as long as short |
| GRVT CBRS_USDT_Perpshort | +0.0171% | 8h | 206.01 | −2.026% | $554 | $214K | 10x | |
| Bybit CBRSUSDT | +0.0307% | 8h | 206.63 | −1.731% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0344% | 8h | 206.60 | −1.745% | $2.9M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTXlong | +0.0464% | 1h | 210.27 | long leg | $115K | $116K | 10x | |
| Deribit CBRS_USDC-PERPETUAL | +0.1643% | 1h | 206.44 | −1.821% | $12K | $5K | 10x | as long as short |
Lighter CBRS
Polymarket Perps CBRS-USD
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
BloFin CBRS-USDT
Binance CBRSUSDT
Extended CBRS_24_5-USD
Ondo Perps CBRS-USD.P
Bybit CBRSUSDT
Gate CBRS_USDT
Deribit CBRS_USDC-PERPETUAL