Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.037%
Price spread now: GRVT against Polymarket Perps+0.091%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$290.294% of the position
Funding, last 7 days−0.132%−$13 on $10k
+Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.091%, 7d avg +0.031%
=Together, before fees−0.152%+ Points / potential airdropGRVT: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.060% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.031%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps COIN-USD | 201.82 | 0.0050 | pay 0.0006% / 1h | 18m 59s | $146K | $1.2M | 10x |
| Short | GRVT COIN_USDT_Perp | 202.00 | 0 | get 0.0000% / 8h | 1h 18m | $19K | $2.0M | 10x |
Polymarket Perps COIN-USD
GRVT COIN_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Polymarket Perps. 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
- −$10.5
- Price spread: +0.091% → +0.031%
- $5.95
- Slippage, 4 orders
- −$12.38
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$33.93
- Costs to cover
- 0.294%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 4 min ago; GRVT: live order book, 5 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 Polymarket Perps live order book, 4 min ago | 2.23 bp | 6.7 bp −$7 | 7.9 bp −$79 | 11.1 bp −$1,109 | doesn't fit |
| Sell GRVT live order book, 5 min ago | 1.24 bp | 9.0 bp −$9 | 22.3 bp −$223 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 201.27 | −0.273% | $44K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.95 | +0.062% | $370K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.90 | +0.040% | $119K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.95 | +0.063% | $15.6M | $76.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 202.03 | +0.104% | $5.0M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 202.00 | +0.089% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.92 | +0.050% | $1.3M | $7.0M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.95 | +0.064% | $6.9M | $9.9M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.97 | +0.074% | $799K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perpshort | 0.0000% | 8h | 202.00 | +0.091% | $19K | $2.0M | 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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0016% | 1h | 201.86 | +0.020% | $1.4M | $3.9M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 201.88 | +0.028% | $372K | $2.1M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 201.85 | +0.015% | $433K | $1.8M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 201.95 | +0.064% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.75 | −0.035% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USDlong | +0.0050% | 1h | 201.82 | long leg | $146K | $1.2M | 10x | |
| SoDEX COIN-USD | +0.0050% | 1h | 201.88 | +0.030% | $81 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.78 | −0.020% | $362K | $3.3M | 10x | as long as short |
| edgeX COINUSDC | +0.0067% | 4h | 201.98 | +0.080% | $52K | $293K | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0072% | 1h | 201.90 | +0.040% | $16.5M | $13.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.88 | +0.030% | $1.0M | $145K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.83 | +0.005% | $91K | $346K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.92 | +0.050% | $584 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.90 | +0.042% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.95 | +0.064% | $199K | $342K | 20x | as long as short |
| Phoenix COIN | +0.0198% | 1h | 201.99 | +0.084% | $5K | $281K | 10x | as long as short |
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
SoDEX COIN-USD
Ondo Perps COIN-USD.P
edgeX COINUSDC
tradeXYZ xyz:COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN