Funding you earn now, next payment 08:00 UTC−0.0482%/8h= −52.7% APRnext payment −$4.82 per $10,000 · paid last 24h −0.013%
Price spread now: Phemex against GRVT+0.006%77s7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$191as 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−$1641.640% of the position
Funding, last 7 days−0.270%−$27 on $10k
+Price spread, last 4 days (all we have)+0.065%+$6 · spread now +0.006%, 7d avg +0.086%
=Together, before fees−0.206%+ Points / potential airdropGRVT: Active · farm board−$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Phemex is 0.080% cheaper against GRVT than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.086%). Swap the legs. The two prices were read 77 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 -0.270% in total (about -14.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.82 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 DIS_USDT_Perp | 104.17 | 0 | get 0.0000% / 8h | 14m 20s | $942 | $153K | 10x |
| Short | Phemex DISUSDT | 104.18 | −0.0482 | pay 0.0482% / 8h | 14m 20s | $1.3M | $20K | 10x |
GRVT DIS_USDT_Perp
Phemex DISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$101.16
- Price spread: +0.006% → +0.086%
- −$8
- Slippage, 4 orders
- −$143.01
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$273.17
- Costs to cover
- 1.640%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 18 min ago; Phemex: 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 GRVT live order book, 18 min ago | 3.36 bp | 29.9 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.40 bp | 65.8 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
DIS on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex DISUSDTshort | −0.0482% | 8h | 104.18 | +0.006% | $1.3M | $20K | 10x | |
| Aster DISUSDT | 0.0000% | 8h | 104.13 | −0.042% | $4K | $277 | 20x | as long as short |
| Binance DISUSDT | 0.0000% | 8h | 104.20 | +0.022% | $552K | $262K | 20x | as long as short |
| Gate DIS_USDT | 0.0000% | 8h | 104.19 | +0.016% | $365K | $1K | 20x | as long as short |
| Variational Omni DIS | 0.0000% | 8h | 104.18 | +0.009% | $14K | $49K | — | as long as short |
| GRVT DIS_USDT_Perplong | 0.0000% | 8h | 104.17 | long leg | $942 | $153K | 10x | |
| SunX DIS-USDT | 0.0000% | 8h | 104.19 | +0.016% | $978 | $634K | 10x | as long as short |
| HTX DIS-USDT | 0.0000% | 8h | 103.98 | −0.186% | $6K | $4K | 10x | as long as short |
| Injective DIS/USDC PERP | +0.0033% | 1h | 103.66 | −0.493% | $2K | $11K | 12x | as long as short |
| KuCoin DISUSDTM | +0.0049% | 8h | 103.66 | −0.493% | $271K | $749K | 20x | as long as short |
Aster DISUSDT
Binance DISUSDT
Gate DIS_USDT
Variational Omni DIS
SunX DIS-USDT
HTX DIS-USDT
Injective DIS/USDC PERP
KuCoin DISUSDTM