Funding you earn now, next payment 09:00 UTC−0.0121%/8h= −13.3% APRpaid last 24h −0.057%
Price spread now: GRVT against Phoenix−0.037%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$450.448% of the position
Funding, last 7 days−0.277%−$28 on $10k
+Price spread, last 4 days (all we have)+0.188%+$19 · spread now −0.037%, 7d avg +0.034%
=Together, before fees−0.089%+ Points / potential airdropGRVT: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and GRVT is 0.071% cheaper against Phoenix than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.034%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix COIN | 198.02 | 0.0121 | pay 0.0015% / 1h | 18m 44s | $5K | $257K | 10x |
| Short | GRVT COIN_USDT_Perp | 197.95 | 0 | get 0.0000% / 8h | 6h 18m | $13K | $3.1M | 10x |
Phoenix COIN
GRVT COIN_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
- −$25.43
- Price spread: −0.037% → +0.034%
- −$7.12
- Slippage, 4 orders
- −$28.83
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$77.38
- Costs to cover
- 0.448%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 29 min ago; GRVT: live order book, 3 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, 29 min ago | 4.05 bp | 12.9 bp −$13 | 27.7 bp −$277 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 3 min ago | 1.01 bp | 10.5 bp −$10 | 25.3 bp −$253 | doesn't fit | doesn't fit |
COIN on 26 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.11 | −0.460% | $17K | $224K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.93 | −0.043% | $345K | $871K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.92 | −0.049% | $108K | $851K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.00 | −0.011% | $14.5M | $76.7M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.96 | −0.030% | $4.6M | $5.5M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.00 | −0.010% | $3.1M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.05 | +0.015% | $1.2M | $6.6M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.07 | +0.025% | $6.4M | $9.8M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.13 | +0.058% | $769K | $921K | — | as long as short |
| GRVT COIN_USDT_Perpshort | 0.0000% | 8h | 197.95 | −0.037% | $13K | $3.1M | 10x |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COINShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter COIN | +0.0032% | 1h | 197.95 | −0.035% | $346K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.96 | −0.030% | $480K | $1.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0036% | 1h | 198.00 | −0.010% | $1.3M | $2.6M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.07 | +0.025% | $17K | $29K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 197.85 | −0.086% | — | $293K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.86 | −0.081% | $14.8M | $11.8M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.87 | −0.076% | $136K | $1.3M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.00 | −0.010% | $91 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.96 | −0.030% | $342K | $2.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.89 | −0.066% | $934K | $225K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.04 | +0.010% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.00 | −0.010% | $573 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.00 | −0.012% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 198.06 | +0.020% | $192K | $494K | 20x | as long as short |
| Phoenix COINlong | +0.0121% | 1h | 198.02 | long leg | $5K | $257K | 10x | |
| edgeX COINUSDC | +0.0458% | 4h | 198.22 | +0.100% | $51K | $294K | 10x | as long as short |
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
Vest COIN-USD-PERP
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
edgeX COINUSDC