Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.003%
Price spread now: GRVT against Arcus−0.076%54s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GRVT is 0.076% cheaper against Arcus than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 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 | Arcus COIN-USD | 198.15 | 0.0040 | pay 0.0005% / 1h | 10m 47s | $15K | $55K | 5x |
| Short | GRVT COIN_USDT_Perp | 198.00 | 0 | get 0.0000% / 8h | 5h 10m | $16K | $2.1M | 10x |
Arcus COIN-USD
GRVT COIN_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Arcus. 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
- −$8.46
- Price spread: −0.076% → 0.000%
- −$7.57
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$29.53
- Costs to cover
- 0.135%
- Break-even
- never at this rate
Slippage unknown: Arcus: no order-book sample; GRVT: live order book, 3 min ago. Net counts fees only.
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 Arcus no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 3 min ago | 1.51 bp | 10.3 bp −$10 | 25.4 bp −$254 | doesn't fit | doesn't fit |
Arcus: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
COIN 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 COINUSDT | −0.0646% | 8h | 198.35 | +0.101% | $6.3M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.89 | −0.131% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0187% | 8h | 198.27 | +0.061% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0086% | 1h | 197.57 | −0.293% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.32 | +0.083% | $350K | $876K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.24 | +0.047% | $117K | $696K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.29 | +0.071% | $15.1M | $78.7M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.17 | +0.010% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.07 | −0.040% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.17 | +0.008% | $686K | $1.0M | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perpshort | 0.0000% | 8h | 198.00 | −0.076% | $16K | $2.1M | 10x | |
| QFEX COIN-USD | +0.0016% | 1h | 198.04 | −0.056% | $1.3M | $3.4M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 198.16 | +0.006% | $358K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 198.16 | +0.005% | $456K | $1.5M | 10x | as long as short |
| Arcus COIN-USDlong | +0.0040% | 1h | 198.15 | long leg | $15K | $55K | 5x | |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.14 | −0.005% | $15.6M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.04 | −0.056% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.08 | −0.035% | $80 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.79 | −0.182% | $352K | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.12 | −0.015% | $998K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.94 | −0.106% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.11 | −0.020% | $573 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.15 | +0.002% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 198.22 | +0.035% | $189K | $393K | 20x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 197.99 | −0.081% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0420% | 4h | 197.93 | −0.110% | $51K | $293K | 10x | as long as short |
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC