Funding you earn now, next payment 08:00 UTC−0.0422%/8h= −46.3% APRnext payment −$4.22 per $10,000 · paid last 24h +0.040%
Price spread now: Binance against GRVT−0.062%49s7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as 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−$280.279% of the position
Funding, last 7 days+0.114%+$11 on $10k
+Price spread, last 2 days (all we have)+0.076%+$8 · spread now −0.062%, 7d avg +0.002%
=Together, before fees+0.190%+ Points / potential airdropGRVT: Active · farm board+$19 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 Binance is 0.063% cheaper against GRVT than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.002%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.114%, so the current rate has only just turned against you. The two prices were read 49 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 0.114% in total (about 6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.22 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 DRAM_USDT_Perp | 62.510 | 0.1026 | pay 0.1026% / 8h | 7h 10m | $37K | $153K | 10x |
| Short | Binance DRAMUSDT | 62.472 | 0.0604 | get 0.0604% / 8h | 7h 10m | $45.0M | $82.0M | 50x |
GRVT DRAM_USDT_Perp
Binance DRAMUSDTFunding 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
- −$88.72
- Price spread: −0.062% → +0.002%
- −$6.31
- Slippage, 4 orders
- −$8.89
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$122.92
- Costs to cover
- 0.279%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 57 min ago; Binance: live order book, 2 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, 57 min ago | 1.61 bp | 9.3 bp −$9 | 14.4 bp −$144 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.80 bp | 6.5 bp −$6 | 8.9 bp −$89 | 34.1 bp −$3,408 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX DRAM-USDT | 0.0000% | 8h | 62.430 | −0.128% | $1K | $3.0M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 62.370 | −0.224% | $28K | $3K | 20x | as long as short |
| Phemex DRAMUSDT | 0.0000% | 8h | 62.460 | −0.080% | $1.8M | $1.3M | 10x | as long as short |
| Aftermath Perps DRAMUSD | +0.0035% | 1h | 62.459 | −0.082% | $1K | $35K | 5x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 62.400 | −0.176% | — | — | 10x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 62.397 | −0.181% | $267K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 62.459 | −0.082% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 62.420 | −0.144% | $1.1M | $1.9M | 10x | as long as short |
| edgeX DRAMUSDC | +0.0072% | 4h | 62.567 | +0.090% | $151K | $297K | 20x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 62.471 | −0.063% | $76K | $41K | 10x | as long as short |
SunX DRAM-USDT
HTX DRAM-USDT
Phemex DRAMUSDT
Aftermath Perps DRAMUSD
Vest DRAM-USD-PERP
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Ondo Perps DRAM-USD.P
edgeX DRAMUSDC
Pacifica DRAMShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin DRAMUSDTM | +0.0100% | 8h | 62.430 | −0.128% | $3.0M | $421K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 62.560 | +0.080% | $22K | $186K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 62.470 | −0.064% | $9K | — | 10x | as long as short |
| Lighter DRAM | +0.0104% | 1h | 62.441 | −0.110% | $971K | $1.3M | 20x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 62.451 | −0.095% | $4K | — | 10x | as long as short |
| QFEX DRAM-USD | +0.0160% | 1h | 62.410 | −0.160% | $1.0M | $78K | 10x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0184% | 1h | 62.390 | −0.192% | $540K | $91K | 20x | as long as short |
| Paradex DRAM-USD-PERP | +0.0223% | 8h | 62.461 | −0.079% | — | — | 5x | as long as short |
| tradeXYZ xyz:DRAM | +0.0225% | 1h | 62.432 | −0.125% | $82.2M | $37.7M | 20x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0238% | 8h | 62.480 | −0.048% | $5.5M | $4.6M | 50x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0391% | 1h | 62.430 | −0.128% | $13K | $3K | 20x | as long as short |
| Bybit DRAMUSDT | +0.0428% | 8h | 62.502 | −0.013% | $9.6M | $10.4M | 100x | as long as short |
| Aster DRAMUSDT | +0.0475% | 8h | 62.352 | −0.253% | $201K | $36K | 20x | as long as short |
| Entropy io:DRAM | +0.0516% | 1h | 62.384 | −0.202% | $255K | $456K | 25x | as long as short |
| Variational Omni DRAM | +0.0561% | 8h | 62.435 | −0.120% | $2.4M | $749K | — | as long as short |
| Bitget DRAMUSDT | +0.0598% | 8h | 62.480 | −0.048% | $26.1M | $12.9M | 20x | as long as short |
| MEXC DRAM_USDT | +0.0599% | 8h | 62.470 | −0.064% | $9.7M | $6.7M | 100x | as long as short |
| Extended DRAM-USD | +0.0600% | 1h | 62.461 | −0.079% | $76K | $663K | 10x | as long as short |
| Binance DRAMUSDTshort | +0.0604% | 8h | 62.472 | −0.062% | $45.0M | $82.0M | 50x | |
| Arcus DRAM-USD | +0.0606% | 1h | 62.470 | −0.064% | $51K | $81K | 10x | as long as short |
| Gate DRAM_USDT | +0.0797% | 8h | 62.480 | −0.048% | $8.3M | $3.5M | 75x | as long as short |
| BloFin DRAM-USDT | +0.0956% | 8h | 62.520 | +0.016% | $298K | $26K | 20x | as long as short |
| GRVT DRAM_USDT_Perplong | +0.1026% | 8h | 62.510 | long leg | $37K | $153K | 10x | |
| RISEx DRAM/USDC | +0.1096% | 1h | 62.473 | −0.059% | $456K | $498K | 20x | as long as short |
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
Lighter DRAM
Aevo DRAM-PERP
QFEX DRAM-USD
Coinbase International DRAM-PERP-INTX
Paradex DRAM-USD-PERP
tradeXYZ xyz:DRAM
OKX DRAM-USDT-SWAP
Deribit DRAM_USDC-PERPETUAL
Bybit DRAMUSDT
Aster DRAMUSDT
Entropy io:DRAM
Variational Omni DRAM
Bitget DRAMUSDT
MEXC DRAM_USDT
Extended DRAM-USD
Arcus DRAM-USD
Gate DRAM_USDT
BloFin DRAM-USDT
RISEx DRAM/USDC