Funding you earn now, next payment 07:00 UTC−0.0425%/8h= −46.5% APRpaid last 24h −0.015%
Price spread now: tradeXYZ against GRVT−0.254%46s7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as 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−$520.521% of the position
Funding, last 7 days+0.134%+$13 on $10k
+Price spread, last 4 days (all we have)+0.155%+$15 · spread now −0.254%, 7d avg −0.072%
=Together, before fees+0.288%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board+$29 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and tradeXYZ is 0.182% cheaper against GRVT than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.072%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.134%, so the current rate has only just turned against you. The two prices were read 46 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 0.134% in total (about 7.0% a year). A funding rate is set anew for every payment. 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 DELL_USDT_Perp | 574.63 | 0.0559 | pay 0.0559% / 8h | 1h 52m | $626 | $148K | 10x |
| Short | tradeXYZ xyz:DELL | 573.17 | 0.0134 | get 0.0017% / 1h | 52m 44s | $7.5M | $7.0M | 10x |
GRVT DELL_USDT_Perp
tradeXYZ xyz:DELLFunding 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
- −$89.17
- Price spread: −0.254% → −0.072%
- −$18.2
- Slippage, 4 orders
- −$25.07
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$159.44
- Costs to cover
- 0.521%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 50 min ago; tradeXYZ: 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 GRVT live order book, 50 min ago | 1.75 bp | 16.1 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 0.87 bp | 13.9 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
DELL on 20 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 DELLUSDT | 0.0000% | 8h | 572.76 | −0.325% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 573.70 | −0.162% | $4.1M | $7.1M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 573.80 | −0.144% | $3.6M | $4.7M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 574.24 | −0.068% | $34K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.515% | $8K | $83K | 12x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 572.78 | −0.322% | $938K | $28K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 574.44 | −0.033% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 574.04 | −0.103% | $17K | $58K | 10x | as long as short |
| Bybit DELLUSDT | +0.0126% | 8h | 573.33 | −0.226% | $6.1M | $4.0M | 50x | as long as short |
| tradeXYZ xyz:DELLshort | +0.0134% | 1h | 573.17 | −0.254% | $7.5M | $7.0M | 10x |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
Bybit DELLUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps DELL-USD | +0.0176% | 1h | 573.64 | −0.172% | $7K | $54K | 10x | as long as short |
| edgeX DELLUSDC | +0.0186% | 4h | 574.55 | −0.015% | $5K | $333K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0280% | 8h | 574.11 | −0.090% | $5.8M | $6.7M | 20x | as long as short |
| Variational Omni DELL | +0.0527% | 8h | 574.45 | −0.031% | $259K | $61K | — | as long as short |
| GRVT DELL_USDT_Perplong | +0.0559% | 8h | 574.63 | long leg | $626 | $148K | 10x | |
| Extended DELL-USD | +0.0608% | 1h | 573.34 | −0.224% | $337K | $1.1M | 10x | as long as short |
| Binance DELLUSDT | +0.0609% | 8h | 573.63 | −0.174% | $18.4M | $66.9M | 20x | as long as short |
| BloFin DELL-USDT | +0.0621% | 8h | 573.96 | −0.117% | $322K | $233K | 20x | as long as short |
| Nado DELL-PERP | +0.0848% | 1h | 573.66 | −0.168% | $69K | $20K | 10x | as long as short |
| Phoenix DELL | +0.0863% | 1h | 574.68 | +0.009% | $3K | $228K | 10x | as long as short |
Polymarket Perps DELL-USD
edgeX DELLUSDC
OKX DELL-USDT-SWAP
Variational Omni DELL
Extended DELL-USD
Binance DELLUSDT
BloFin DELL-USDT
Nado DELL-PERP
Phoenix DELL