Funding you earn now, next payment 08:00 UTC−0.0566%/8h= −62.0% APRpaid last 24h +0.066%
Price spread now: GRVT against Phoenix+0.102%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1261.257% of the position
Funding, last 7 days+0.233%+$23 on $10k
+Price spread, last 4 days (all we have)−0.329%−$33 · spread now +0.102%, 7d avg +0.060%
=Together, before fees−0.095%+ Points / potential airdropGRVT: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.042% dearer against Phoenix than usual: you sell high and buy low (spread +0.102% now, against its 7-day average of +0.060%): +$4 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 7 days funding on this pair paid +0.233%, 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 0.233% in total (about 12.2% 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 | Phoenix CBRS | 205.12 | −0.0039 | get 0.0005% / 1h | 47m 15s | $1K | $108K | 10x |
| Short | GRVT CBRS_USDT_Perp | 205.33 | −0.0605 | pay 0.0605% / 8h | 7h 47m | $285 | $217K | 10x |
Phoenix CBRS
GRVT CBRS_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Phoenix. 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
- −$118.89
- Price spread: +0.102% → +0.060%
- $4.2
- Slippage, 4 orders
- −$109.72
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$240.41
- Costs to cover
- 1.257%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 43 min ago; GRVT: live order book, 50 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 Phoenix live order book, 43 min ago | 11.65 bp | 45.6 bp −$46 | 145.2 bp −$1,452 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 50 min ago | 2.18 bp | 18.9 bp −$19 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT CBRS_USDT_Perpshort | −0.0605% | 8h | 205.33 | +0.102% | $285 | $217K | 10x | |
| Lighter CBRS | −0.0472% | 1h | 205.11 | −0.005% | $93K | $1.0M | 10x | as long as short |
| Bitget CBRSUSDT | −0.0339% | 8h | 205.23 | +0.054% | $2.4M | $2.5M | 20x | as long as short |
| Ondo Perps CBRS-USD.P | −0.0216% | 1h | 205.28 | +0.078% | $334K | $713K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | −0.0140% | 1h | 205.27 | +0.073% | $12K | $5K | 10x | as long as short |
| Phoenix CBRSlong | −0.0039% | 1h | 205.12 | long leg | $1K | $108K | 10x | |
| BloFin CBRS-USDT | −0.0010% | 8h | 205.29 | +0.083% | $147K | $71K | 20x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 205.40 | +0.138% | $65K | $147K | 20x | as long as short |
| Extended CBRS_24_5-USD | 0.0000% | 1h | 205.25 | +0.064% | $44K | $385K | 10x | as long as short |
| Binance CBRSUSDT | 0.0000% | 8h | 205.30 | +0.089% | $10.1M | $31.1M | 25x | as long as short |
Lighter CBRS
Bitget CBRSUSDT
Ondo Perps CBRS-USD.P
Deribit CBRS_USDC-PERPETUAL
BloFin CBRS-USDT
Aster CBRSUSDT
Extended CBRS_24_5-USD
Binance CBRSUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CBRSUSDT | 0.0000% | 8h | 205.40 | +0.137% | $2.1M | $2.1M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 205.27 | +0.073% | $2.2M | $3.4M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 205.30 | +0.088% | $2.9M | $3.0M | 50x | as long as short |
| Variational Omni CBRS | 0.0000% | 8h | 205.27 | +0.074% | $394K | $96K | — | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 205.54 | +0.205% | $1K | $2.7M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 205.40 | +0.137% | $9K | $10K | 20x | as long as short |
| QFEX CBRS-USD | +0.0017% | 1h | 205.17 | +0.024% | $1.1M | $3.1M | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0018% | 1h | 204.91 | −0.102% | — | $103K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 205.07 | −0.024% | $50K | $477K | 10x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 205.31 | +0.093% | $812 | $2K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 205.21 | +0.044% | $114K | $134K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.37 | +0.122% | $24K | $137K | 50x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 205.19 | +0.032% | $238 | — | 10x | as long as short |
| tradeXYZ xyz:CBRS | +0.0106% | 1h | 205.07 | −0.024% | $42.0M | $4.0M | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0480% | 1h | 210.27 | +2.511% | $115K | $108K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0634% | 4h | 205.25 | +0.064% | $23K | $221K | 10x | as long as short |
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Variational Omni CBRS
SunX CBRS-USDT
HTX CBRS-USDT
QFEX CBRS-USD
Vest CBRS-USD-PERP
Polymarket Perps CBRS-USD
Orderly PERP_CBRS_USDC_mythos
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Aevo CBRS-PERP
tradeXYZ xyz:CBRS
Coinbase International CBRS-PERP-INTX
edgeX CBRSUSDC