Funding you earn now, next payment 16:00 UTC+0.0666%/8h= +73.0% APRnext payment +$6.66 per $10,000 · paid last 24h +0.023%
Price spread now: GRVT against Binance+0.040%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$710.710% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 4 days (all we have)−0.045%−$5 · spread now +0.040%, 7d avg −0.028%
=Together, before fees+0.018%+ Points / potential airdropGRVT: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and GRVT is 0.068% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.028%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.063% in total (about 3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.66 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance EWJUSDT | 98.420 | 0.0072 | pay 0.0072% / 8h | 4h 51m | $1.1M | $1.1M | 20x |
| Short | GRVT EWJ_USDT_Perp | 98.459 | 0.0738 | get 0.0738% / 8h | 4h 51m | $631K | $420K | 10x |
Binance EWJUSDT
GRVT EWJ_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Binance. 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
- $139.95
- Price spread: +0.040% → −0.028%
- $6.81
- Slippage, 4 orders
- −$52.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $75.73
- Costs to cover
- 0.710%
- Break-even
- 3.2 days
Slippage from Binance: live order book, 4 min ago; GRVT: live order book, 54 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 Binance live order book, 4 min ago | 1.01 bp | 15.3 bp −$15 | 51.3 bp −$513 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 54 min ago | 3.05 bp | 23.2 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
EWJ on 16 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX EWJUSDC | −0.0884% | 4h | 98.462 | +0.043% | $600K | $232K | 20x | as long as short |
| Aster EWJUSDT | 0.0000% | 8h | 98.336 | −0.086% | $18K | $4K | 20x | as long as short |
| Bybit EWJUSDT | 0.0000% | 8h | 98.380 | −0.041% | $188K | $103K | 25x | as long as short |
| OKX EWJ-USDT-SWAP | 0.0000% | 8h | 98.420 | 0.000% | $299K | $125K | 20x | as long as short |
| Gate EWJ_USDT | 0.0000% | 8h | 98.390 | −0.030% | $350K | $218K | 25x | as long as short |
| Bitget EWJUSDT | 0.0000% | 8h | 98.400 | −0.020% | $739K | $200K | 20x | as long as short |
| Variational Omni EWJ | 0.0000% | 8h | 98.469 | +0.050% | $117K | $30K | — | as long as short |
| SunX EWJ-USDT | 0.0000% | 8h | 98.408 | −0.012% | $2K | $1.5M | 20x | as long as short |
| HTX EWJ-USDT | 0.0000% | 8h | 98.248 | −0.175% | $8K | $38K | 20x | as long as short |
| BloFin EWJ-USDT | +0.0010% | 8h | 98.430 | +0.010% | $44K | $69K | 20x | as long as short |
edgeX EWJUSDC
Aster EWJUSDT
Bybit EWJUSDT
OKX EWJ-USDT-SWAP
Gate EWJ_USDT
Bitget EWJUSDT
Variational Omni EWJ
SunX EWJ-USDT
HTX EWJ-USDT
BloFin EWJ-USDTShow all 16 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC EWJ_USDT | +0.0069% | 8h | 98.390 | −0.030% | $687K | $272K | 20x | as long as short |
| Binance EWJUSDTlong | +0.0072% | 8h | 98.420 | long leg | $1.1M | $1.1M | 20x | |
| KuCoin EWJUSDTM | +0.0100% | 8h | 98.410 | −0.010% | $160K | $1.1M | 20x | as long as short |
| tradeXYZ xyz:EWJ | +0.0227% | 1h | 98.406 | −0.014% | $1.5M | $664K | 20x | as long as short |
| Hotstuff EWJ-PERP | +0.0712% | 1h | 98.450 | +0.030% | $35K | — | 20x | as long as short |
| GRVT EWJ_USDT_Perpshort | +0.0738% | 8h | 98.459 | +0.040% | $631K | $420K | 10x |
MEXC EWJ_USDT
KuCoin EWJUSDTM
tradeXYZ xyz:EWJ
Hotstuff EWJ-PERP