Funding you earn now, next payment 08:00 UTC−0.0202%/8h= −22.2% APRnext payment −$2.02 per $10,000 · paid last 24h +0.027%
Price spread now: GRVT against Binance−0.035%109s7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as 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−$850.849% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 2 days (all we have)+0.040%+$4 · spread now −0.035%, 7d avg −0.009%
=Together, before fees+0.042%+ Points / potential airdropGRVT: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and GRVT is 0.026% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.009%). Swap the legs. The two prices were read 109 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 0.002% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.02 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 | Binance EWTUSDT | 116.12 | 0.0202 | pay 0.0202% / 8h | 7h 05m | $469K | $844K | 20x |
| Short | GRVT EWT_USDT_Perp | 116.08 | 0 | get 0.0000% / 8h | 7h 05m | $3K | $198K | 10x |
Binance EWTUSDT
GRVT EWT_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
- −$42.49
- Price spread: −0.035% → −0.009%
- −$2.61
- Slippage, 4 orders
- −$65.92
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$130.02
- Costs to cover
- 0.849%
- Break-even
- never at this rate
Slippage from Binance: live order book, 27 min ago; GRVT: 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 Binance live order book, 27 min ago | 2.16 bp | 19.2 bp −$19 | 95.3 bp −$953 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 2 min ago | 2.15 bp | 35.0 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
EWT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:EWT | −0.0043% | 1h | 116.10 | −0.018% | $685K | $193K | 20x | as long as short |
| Aster EWTUSDT | 0.0000% | 8h | 116.13 | +0.005% | $3K | $76 | 20x | as long as short |
| Bybit EWTUSDT | 0.0000% | 8h | 116.00 | −0.104% | $223K | $140K | 25x | as long as short |
| OKX EWT-USDT-SWAP | 0.0000% | 8h | 116.20 | +0.068% | $176K | $166K | 20x | as long as short |
| Gate EWT_USDT | 0.0000% | 8h | 116.14 | +0.017% | $44K | $4K | 25x | as long as short |
| Bitget EWTUSDT | 0.0000% | 8h | 116.04 | −0.070% | $1.3M | $487K | 20x | as long as short |
| GRVT EWT_USDT_Perpshort | 0.0000% | 8h | 116.08 | −0.035% | $3K | $198K | 10x | |
| SunX EWT-USDT | 0.0000% | 8h | 116.11 | −0.009% | $784 | $368K | 10x | as long as short |
| HTX EWT-USDT | 0.0000% | 8h | 115.90 | −0.190% | $16K | $8K | 10x | as long as short |
| Variational Omni EWT | +0.0060% | 8h | 116.10 | −0.015% | $55K | $12K | — | as long as short |
tradeXYZ xyz:EWT
Aster EWTUSDT
Bybit EWTUSDT
OKX EWT-USDT-SWAP
Gate EWT_USDT
Bitget EWTUSDT
SunX EWT-USDT
HTX EWT-USDT
Variational Omni EWTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance EWTUSDTlong | +0.0202% | 8h | 116.12 | long leg | $469K | $844K | 20x | |
| MEXC EWT_USDT | +0.0203% | 8h | 116.13 | +0.008% | $2.4M | $98K | 50x | as long as short |
MEXC EWT_USDT