Funding you earn now, next payment 08:00 UTC−0.0576%/8h= −63.1% APRnext payment −$5.76 per $10,000 · paid last 24h +0.019%
Price spread now: Bybit against GRVT+0.230%60s7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as 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−$310.309% of the position
Funding, last 7 days+0.035%+$4 on $10k
+Price spread, last 3 days (all we have)−0.223%−$22 · spread now +0.230%, 7d avg +0.007%
=Together, before fees−0.188%+ Points / potential airdropGRVT: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.224% dearer against GRVT than usual: you sell high and buy low (spread +0.230% now, against its 7-day average of +0.007%): +$22 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 31 hours. The two prices were read 60 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 0.035% in total (about 1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.76 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 | 62.337 | 0.0958 | pay 0.0958% / 8h | 7h 38m | $37K | $162K | 10x |
| Short | Bybit DRAMUSDT | 62.480 | 0.0382 | get 0.0382% / 8h | 7h 38m | $9.6M | $10.5M | 100x |
GRVT DRAM_USDT_Perp
Bybit DRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$121.02
- Price spread: +0.230% → +0.007%
- $22.35
- Slippage, 4 orders
- −$10.86
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$129.53
- Costs to cover
- 0.309%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 29 min ago; Bybit: 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, 29 min ago | 1.61 bp | 9.3 bp −$9 | 14.4 bp −$144 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.80 bp | 8.0 bp −$8 | 12.0 bp −$120 | 113.5 bp −$11.3K | 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 | 62.450 | +0.182% | $634 | $3.0M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 62.320 | −0.027% | $28K | $3K | 20x | as long as short |
| Phemex DRAMUSDT | 0.0000% | 8h | 62.440 | +0.166% | $1.8M | $1.3M | 10x | as long as short |
| edgeX DRAMUSDC | +0.0023% | 4h | 62.409 | +0.116% | $151K | $295K | 20x | as long as short |
| Aftermath Perps DRAMUSD | +0.0036% | 1h | 62.356 | +0.031% | $1K | $35K | 5x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 62.410 | +0.118% | — | — | 10x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 62.413 | +0.123% | $267K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 62.450 | +0.182% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 62.390 | +0.086% | $1.1M | $1.8M | 10x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 62.369 | +0.052% | $76K | $40K | 10x | as long as short |
SunX DRAM-USDT
HTX DRAM-USDT
Phemex DRAMUSDT
edgeX DRAMUSDC
Aftermath Perps DRAMUSD
Vest DRAM-USD-PERP
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Ondo Perps DRAM-USD.P
Pacifica DRAMShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin DRAMUSDTM | +0.0100% | 8h | 62.380 | +0.070% | $3.0M | $442K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 62.430 | +0.150% | $22K | $186K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 62.480 | +0.230% | $9K | — | 10x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 62.459 | +0.196% | $4K | — | 10x | as long as short |
| Lighter DRAM | +0.0152% | 1h | 62.430 | +0.150% | $970K | $1.2M | 20x | as long as short |
| QFEX DRAM-USD | +0.0160% | 1h | 62.410 | +0.118% | $1.0M | $78K | 10x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0184% | 1h | 61.920 | −0.668% | $535K | $95K | 20x | as long as short |
| Paradex DRAM-USD-PERP | +0.0220% | 8h | 62.472 | +0.217% | — | — | 5x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0223% | 8h | 62.450 | +0.182% | $5.5M | $4.7M | 50x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0231% | 1h | 62.420 | +0.134% | $13K | $3K | 20x | as long as short |
| tradeXYZ xyz:DRAM | +0.0319% | 1h | 62.411 | +0.119% | $81.8M | $39.2M | 20x | as long as short |
| Aster DRAMUSDT | +0.0379% | 8h | 62.370 | +0.054% | $201K | $36K | 20x | as long as short |
| Bybit DRAMUSDTshort | +0.0382% | 8h | 62.480 | +0.230% | $9.6M | $10.5M | 100x | |
| Bitget DRAMUSDT | +0.0416% | 8h | 62.450 | +0.182% | $26.2M | $12.8M | 20x | as long as short |
| Variational Omni DRAM | +0.0456% | 8h | 62.405 | +0.110% | $2.4M | $765K | — | as long as short |
| Extended DRAM-USD | +0.0504% | 1h | 62.447 | +0.177% | $75K | $769K | 10x | as long as short |
| MEXC DRAM_USDT | +0.0507% | 8h | 62.440 | +0.166% | $10.1M | $6.7M | 100x | as long as short |
| Binance DRAMUSDT | +0.0509% | 8h | 62.440 | +0.166% | $44.6M | $81.6M | 50x | as long as short |
| Entropy io:DRAM | +0.0532% | 1h | 62.355 | +0.030% | $254K | $462K | 25x | as long as short |
| Arcus DRAM-USD | +0.0606% | 1h | 62.400 | +0.102% | $51K | $82K | 10x | as long as short |
| Gate DRAM_USDT | +0.0626% | 8h | 62.440 | +0.166% | $8.3M | $3.4M | 75x | as long as short |
| BloFin DRAM-USDT | +0.0883% | 8h | 62.440 | +0.166% | $299K | $26K | 20x | as long as short |
| GRVT DRAM_USDT_Perplong | +0.0958% | 8h | 62.337 | long leg | $37K | $162K | 10x | |
| RISEx DRAM/USDC | +0.1096% | 1h | 62.450 | +0.182% | $454K | $492K | 20x | as long as short |
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
Aevo DRAM-PERP
Lighter DRAM
QFEX DRAM-USD
Coinbase International DRAM-PERP-INTX
Paradex DRAM-USD-PERP
OKX DRAM-USDT-SWAP
Deribit DRAM_USDC-PERPETUAL
tradeXYZ xyz:DRAM
Aster DRAMUSDT
Bitget DRAMUSDT
Variational Omni DRAM
Extended DRAM-USD
MEXC DRAM_USDT
Binance DRAMUSDT
Entropy io:DRAM
Arcus DRAM-USD
Gate DRAM_USDT
BloFin DRAM-USDT
RISEx DRAM/USDC