Funding you earn now, next payment 07:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.029%
Price spread now: tradeXYZ against GRVT−0.203%66s7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as 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−$390.393% of the position
Funding, last 7 days+0.167%+$17 on $10k
+Price spread, last 7 days+0.310%+$31 · spread now −0.203%, 7d avg −0.068%
=Together, before fees+0.478%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board+$48 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.136% cheaper against GRVT than usual: you would sell low and buy high (spread −0.203% now, against its 7-day average of −0.068%). If the spread goes back, that is −$14 on $10k: about 4.9 days of funding at the current rate (+$3 a day). The two prices were read 66 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 | GRVT COIN_USDT_Perp | 195.68 | 0 | get 0.0000% / 8h | 1h 40m | $16K | $2.7M | 10x |
| Short | tradeXYZ xyz:COIN | 195.28 | 0.0092 | get 0.0011% / 1h | 40m 21s | $15.2M | $13.9M | 10x |
GRVT COIN_USDT_Perp
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $19.29
- Price spread: −0.203% → −0.068%
- −$13.56
- Slippage, 4 orders
- −$12.32
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$33.59
- Costs to cover
- 0.393%
- Break-even
- 19.2 days
Slippage from GRVT: live order book, 3 min ago; tradeXYZ: live order book, 9 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, 3 min ago | 1.28 bp | 8.7 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 9 min ago | 1.28 bp | 11.1 bp −$11 | 13.7 bp −$137 | doesn't fit | doesn't fit |
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 | −0.0688% | 8h | 195.58 | −0.050% | $6.3M | $10.7M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.60 | −0.040% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0102% | 1h | 194.80 | −0.449% | — | $289K | 25x | as long as short |
| Gate COIN_USDT | −0.0015% | 8h | 195.39 | −0.147% | $1.2M | $7.4M | 50x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.49 | −0.096% | $341K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.37 | −0.155% | $112K | $818K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.39 | −0.148% | $15.0M | $82.3M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.32 | −0.183% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.32 | −0.183% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.45 | −0.116% | $708K | $959K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Gate COIN_USDT
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_Perplong | 0.0000% | 8h | 195.68 | long leg | $16K | $2.7M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 195.40 | −0.142% | $460K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.63 | −0.024% | $15K | $54K | 5x | as long as short |
| QFEX COIN-USD | +0.0045% | 1h | 195.43 | −0.127% | $1.3M | $3.0M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.30 | −0.193% | $129K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.44 | −0.121% | $82 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.22 | −0.234% | $447K | $2.9M | 10x | as long as short |
| tradeXYZ xyz:COINshort | +0.0092% | 1h | 195.28 | −0.203% | $15.2M | $13.9M | 10x | |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.29 | −0.198% | $984K | $137K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.49 | −0.096% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.31 | −0.188% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.29 | −0.199% | $115 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 195.50 | −0.091% | $188K | $423K | 20x | as long as short |
| Lighter COIN | +0.0144% | 1h | 195.40 | −0.140% | $362K | $2.3M | 10x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.44 | −0.121% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0872% | 4h | 195.49 | −0.096% | $50K | $296K | 10x | as long as short |
Lighter RH COIN
Arcus COIN-USD
QFEX COIN-USD
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
Lighter COIN
Phoenix COIN
edgeX COINUSDC