Funding you earn now, next payment 08:00 UTC−0.0113%/8h= −12.4% APRnext payment −$1.13 per $10,000 · paid last 24h −0.007%
Price spread now: GRVT against Bybit−0.043%90s7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as 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−$300.300% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.043%, 7d avg −0.007%
=Together, before fees+0.024%+ Points / potential airdropGRVT: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GRVT is 0.036% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.007%). Swap the legs. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit DRAMUSDT | 62.425 | 0.0212 | pay 0.0212% / 8h | 4h 45m | $9.7M | $9.9M | 100x |
| Short | GRVT DRAM_USDT_Perp | 62.398 | 0.0099 | get 0.0099% / 8h | 4h 45m | $37K | $165K | 10x |
Bybit DRAMUSDT
GRVT DRAM_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Bybit. 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
- −$23.7
- Price spread: −0.043% → −0.007%
- −$3.55
- Slippage, 4 orders
- −$10.01
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$57.26
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; GRVT: live order book, 7 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 Bybit live order book, 2 min ago | 0.80 bp | 8.1 bp −$8 | 14.7 bp −$147 | 128.4 bp −$12.8K | doesn't fit |
| Sell GRVT live order book, 7 min ago | 2.40 bp | 7.7 bp −$8 | 19.5 bp −$195 | doesn't fit | doesn't fit |
DRAM on 34 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 | |
|---|---|---|---|---|---|---|---|---|
| RISEx DRAM/USDC | 0.0000% | 1h | 62.404 | −0.034% | $442K | $501K | 20x | as long as short |
| SunX DRAM-USDT | 0.0000% | 8h | 62.400 | −0.040% | $929 | $2.7M | 10x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | 0.0000% | 1h | 62.390 | −0.056% | $13K | $3K | 20x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 62.340 | −0.136% | $28K | $3K | 20x | as long as short |
| Phemex DRAMUSDT | 0.0000% | 8h | 62.400 | −0.040% | $1.7M | $1.3M | 10x | as long as short |
| edgeX DRAMUSDC | +0.0011% | 4h | 62.357 | −0.109% | $151K | $298K | 20x | as long as short |
| Aftermath Perps DRAMUSD | +0.0026% | 1h | 62.351 | −0.118% | $1K | $32K | 5x | as long as short |
| Lighter DRAM | +0.0032% | 1h | 62.392 | −0.053% | $969K | $1.0M | 20x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 62.360 | −0.104% | $51K | $79K | 10x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 62.360 | −0.104% | — | — | 10x | as long as short |
RISEx DRAM/USDC
SunX DRAM-USDT
Deribit DRAM_USDC-PERPETUAL
HTX DRAM-USDT
Phemex DRAMUSDT
edgeX DRAMUSDC
Aftermath Perps DRAMUSD
Lighter DRAM
Arcus DRAM-USD
Vest DRAM-USD-PERPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 62.375 | −0.080% | $267K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 62.393 | −0.051% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 62.300 | −0.200% | $1.1M | $2.2M | 10x | as long as short |
| QFEX DRAM-USD | +0.0052% | 1h | 62.380 | −0.072% | $1.0M | $78K | 10x | as long as short |
| GRVT DRAM_USDT_Perpshort | +0.0099% | 8h | 62.398 | −0.043% | $37K | $165K | 10x | |
| Pacifica DRAM | +0.0100% | 1h | 62.353 | −0.115% | $76K | $44K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 62.390 | −0.056% | $3.0M | $393K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 62.370 | −0.088% | $22K | $186K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 62.420 | −0.008% | $9K | — | 10x | as long as short |
| tradeXYZ xyz:DRAM | +0.0100% | 1h | 62.376 | −0.078% | $81.8M | $35.6M | 20x | as long as short |
| Paradex DRAM-USD-PERP | +0.0102% | 8h | 62.387 | −0.061% | — | — | 5x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 62.417 | −0.013% | $4K | — | 10x | as long as short |
| Bitget DRAMUSDT | +0.0107% | 8h | 62.400 | −0.040% | $26.3M | $13.2M | 20x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0149% | 8h | 62.410 | −0.024% | $5.5M | $4.4M | 50x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0152% | 1h | 62.330 | −0.152% | $535K | $75K | 20x | as long as short |
| Entropy io:DRAM | +0.0172% | 1h | 62.367 | −0.093% | $238K | $417K | 25x | as long as short |
| Bybit DRAMUSDTlong | +0.0212% | 8h | 62.425 | long leg | $9.7M | $9.9M | 100x | |
| Aster DRAMUSDT | +0.0326% | 8h | 62.415 | −0.016% | $201K | $35K | 20x | as long as short |
| Variational Omni DRAM | +0.0405% | 8h | 62.383 | −0.067% | $2.4M | $738K | — | as long as short |
| Binance DRAMUSDT | +0.0445% | 8h | 62.395 | −0.048% | $44.9M | $80.5M | 50x | as long as short |
| MEXC DRAM_USDT | +0.0447% | 8h | 62.390 | −0.056% | $9.2M | $5.4M | 100x | as long as short |
| Extended DRAM-USD | +0.0448% | 1h | 62.379 | −0.074% | $75K | $636K | 10x | as long as short |
| BloFin DRAM-USDT | +0.0607% | 8h | 62.420 | −0.008% | $303K | $26K | 20x | as long as short |
| Gate DRAM_USDT | +0.0608% | 8h | 62.430 | +0.008% | $8.2M | $3.5M | 75x | as long as short |
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Ondo Perps DRAM-USD.P
QFEX DRAM-USD
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
tradeXYZ xyz:DRAM
Paradex DRAM-USD-PERP
Aevo DRAM-PERP
Bitget DRAMUSDT
OKX DRAM-USDT-SWAP
Coinbase International DRAM-PERP-INTX
Entropy io:DRAM
Aster DRAMUSDT
Variational Omni DRAM
Binance DRAMUSDT
MEXC DRAM_USDT
Extended DRAM-USD
BloFin DRAM-USDT
Gate DRAM_USDT