Funding you earn now, next payment 16:00 UTC−0.0324%/8h= −35.5% APRnext payment −$3.24 per $10,000 · paid last 24h −0.010%
Price spread now: Binance against GRVT+0.106%79s7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as 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−$1121.122% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 2 days (all we have)−0.126%−$13 · spread now +0.106%, 7d avg +0.013%
=Together, before fees−0.164%+ Points / potential airdropGRVT: Active · farm board−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.093% dearer against GRVT than usual: you sell high and buy low (spread +0.106% now, against its 7-day average of +0.013%): +$9 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.037% in total) that is about 17 days. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.037% in total (about -1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.24 per $10,000. 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 | GRVT CSCO_USDT_Perp | 111.37 | 0.0324 | pay 0.0324% / 8h | 7h 56m | $472 | $164K | 10x |
| Short | Binance CSCOUSDT | 111.49 | 0 | get 0.0000% / 8h | 7h 56m | $736K | $511K | 20x |
GRVT CSCO_USDT_Perp
Binance CSCOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$68.04
- Price spread: +0.106% → +0.013%
- $9.28
- Slippage, 4 orders
- −$93.25
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$171.01
- Costs to cover
- 1.122%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 41 min ago; Binance: live order book, 6 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, 41 min ago | 2.24 bp | 41.8 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 2.69 bp | 16.4 bp −$16 | 68.0 bp −$680 | doesn't fit | doesn't fit |
CSCO on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CSCOUSDT | 0.0000% | 8h | 111.37 | +0.002% | $4K | $6K | 20x | as long as short |
| Binance CSCOUSDTshort | 0.0000% | 8h | 111.49 | +0.106% | $736K | $511K | 20x | |
| Bybit CSCOUSDT | 0.0000% | 8h | 111.28 | −0.083% | $409K | $31K | 25x | as long as short |
| OKX CSCO-USDT-SWAP | 0.0000% | 8h | 111.30 | −0.065% | $269K | $162K | 20x | as long as short |
| Gate CSCO_USDT | 0.0000% | 8h | 111.34 | −0.029% | $304K | $9K | 25x | as long as short |
| Bitget CSCOUSDT | 0.0000% | 8h | 111.36 | −0.011% | $320K | $85K | 20x | as long as short |
| Variational Omni CSCO | 0.0000% | 8h | 111.45 | +0.074% | $36K | $44K | — | as long as short |
| SunX CSCO-USDT | 0.0000% | 8h | 111.48 | +0.097% | $2K | $1.5M | 10x | as long as short |
| HTX CSCO-USDT | 0.0000% | 8h | 111.51 | +0.124% | $6K | $3K | 10x | as long as short |
| Phemex CSCOUSDT | 0.0000% | 8h | 111.73 | +0.321% | $1.3M | $40K | 10x | as long as short |
Aster CSCOUSDT
Bybit CSCOUSDT
OKX CSCO-USDT-SWAP
Gate CSCO_USDT
Bitget CSCOUSDT
Variational Omni CSCO
SunX CSCO-USDT
HTX CSCO-USDT
Phemex CSCOUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CSCOUSDTM | +0.0100% | 8h | 111.30 | −0.065% | $328K | $865K | 20x | as long as short |
| Extended CSCO_24_5-USD | +0.0104% | 1h | 111.27 | −0.096% | $232K | $2K | 10x | as long as short |
| GRVT CSCO_USDT_Perplong | +0.0324% | 8h | 111.37 | long leg | $472 | $164K | 10x |
KuCoin CSCOUSDTM
Extended CSCO_24_5-USD