Funding you earn now, next payment 04:00 UTC−0.0184%/8h= −20.2% APRpaid last 24h −0.080%
Price spread now: OKX against GRVT+0.059%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1431.428% of the position
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.059%, 7d avg +0.031%
=Together, before fees−0.142%+ Points / potential airdropGRVT: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.028% dearer against GRVT than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of +0.031%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.032% in total) that is about 6.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.032% in total (about -1.7% a year). A funding rate is set anew for every payment. 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 HYUNDAI_USDT_Perp | 268.70 | 0.0270 | pay 0.0135% / 4h | 33m 28s | $2K | $137K | 10x |
| Short | OKX HYUNDAI-USDT-SWAP | 268.86 | 0.0086 | get 0.0086% / 8h | 4h 33m | $132K | $122K | 25x |
GRVT HYUNDAI_USDT_Perp
OKX HYUNDAI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$38.67
- Price spread: +0.059% → +0.031%
- $2.85
- Slippage, 4 orders
- −$123.82
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$178.64
- Costs to cover
- 1.428%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 19 min ago; OKX: live order book, 21 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, 19 min ago | 3.53 bp | 29.4 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 21 min ago | 2.97 bp | 70.9 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
HYUNDAI 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HYUNDAIUSDT | 0.0000% | 4h | 268.62 | −0.031% | $10K | $1K | 20x | as long as short |
| Binance HYUNDAIUSDT | 0.0000% | 4h | 268.69 | −0.004% | $1.8M | $1.5M | 25x | as long as short |
| Gate HYUNDAI_USDT | 0.0000% | 4h | 268.90 | +0.074% | $865K | $874K | 25x | as long as short |
| Bitget HYUNDAIUSDT | 0.0000% | 4h | 268.90 | +0.074% | $827K | $623K | 20x | as long as short |
| SunX HYUNDAI-USDT | 0.0000% | 4h | 268.72 | +0.007% | $1K | $717K | 10x | as long as short |
| HTX HYUNDAI-USDT | 0.0000% | 4h | 268.95 | +0.093% | $7K | $31K | 20x | as long as short |
| Phemex HYUNDAIUSDT | 0.0000% | 8h | 268.69 | −0.004% | $2.3M | $107K | 10x | as long as short |
| OKX HYUNDAI-USDT-SWAPshort | +0.0086% | 8h | 268.86 | +0.059% | $132K | $122K | 25x | |
| Bybit HYUNDAIUSDT | +0.0149% | 8h | 268.84 | +0.052% | $151K | $73K | 25x | as long as short |
| KuCoin HYUNDAIUSDTM | +0.0244% | 4h | 268.50 | −0.075% | $354K | $1.3M | 20x | as long as short |
Aster HYUNDAIUSDT
Binance HYUNDAIUSDT
Gate HYUNDAI_USDT
Bitget HYUNDAIUSDT
SunX HYUNDAI-USDT
HTX HYUNDAI-USDT
Phemex HYUNDAIUSDT
Bybit HYUNDAIUSDT
KuCoin HYUNDAIUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT HYUNDAI_USDT_Perplong | +0.0270% | 4h | 268.70 | long leg | $2K | $137K | 10x | |
| tradeXYZ xyz:HYUNDAI | +0.0644% | 1h | 268.92 | +0.081% | $958K | $1.4M | 10x | as long as short |
tradeXYZ xyz:HYUNDAI