Funding you earn now, next payment 04:00 UTC−0.0178%/8h= −19.5% APRpaid last 24h −0.153%
Price spread now: Phemex against GRVT+0.037%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$204as in the Funding arb table
Net, price: spread back to 7d avg − costs−$156as in the Price arb table
costs, in and out, $10k−$1611.612% of the position
Funding, last 7 days−0.431%−$43 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.037%, 7d avg −0.016%
=Together, before fees−0.495%+ Points / potential airdropGRVT: Active · farm board−$50 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.053% dearer against GRVT than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.016%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT HYUNDAI_USDT_Perp | 268.50 | 0.0178 | pay 0.0089% / 4h | 12m 50s | $2K | $137K | 10x |
| Short | Phemex HYUNDAIUSDT | 268.60 | 0 | get 0.0000% / 8h | 4h 12m | $2.3M | $108K | 10x |
GRVT HYUNDAI_USDT_Perp
Phemex HYUNDAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$37.38
- Price spread: +0.037% → −0.016%
- $5.29
- Slippage, 4 orders
- −$140.16
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$193.25
- Costs to cover
- 1.612%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 40 min ago; Phemex: live order book, 6 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, 40 min ago | 3.53 bp | 29.4 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 2.05 bp | 54.6 bp −$55 | 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 | 268.26 | −0.088% | $10K | $1K | 20x | as long as short |
| Binance HYUNDAIUSDT | 0.0000% | 4h | 268.63 | +0.048% | $1.8M | $1.5M | 25x | as long as short |
| Gate HYUNDAI_USDT | 0.0000% | 4h | 268.80 | +0.112% | $864K | $877K | 25x | as long as short |
| Bitget HYUNDAIUSDT | 0.0000% | 4h | 268.72 | +0.082% | $828K | $626K | 20x | as long as short |
| SunX HYUNDAI-USDT | 0.0000% | 4h | 268.63 | +0.048% | $1K | $717K | 10x | as long as short |
| HTX HYUNDAI-USDT | 0.0000% | 4h | 268.39 | −0.041% | $7K | $31K | 20x | as long as short |
| Phemex HYUNDAIUSDTshort | 0.0000% | 8h | 268.60 | +0.037% | $2.3M | $108K | 10x | |
| Bybit HYUNDAIUSDT | +0.0080% | 8h | 268.70 | +0.074% | $151K | $74K | 25x | as long as short |
| OKX HYUNDAI-USDT-SWAP | +0.0104% | 8h | 268.63 | +0.048% | $136K | $129K | 25x | as long as short |
| KuCoin HYUNDAIUSDTM | +0.0114% | 4h | 268.20 | −0.112% | $348K | $1.3M | 20x | as long as short |
Aster HYUNDAIUSDT
Binance HYUNDAIUSDT
Gate HYUNDAI_USDT
Bitget HYUNDAIUSDT
SunX HYUNDAI-USDT
HTX HYUNDAI-USDT
Bybit HYUNDAIUSDT
OKX HYUNDAI-USDT-SWAP
KuCoin HYUNDAIUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT HYUNDAI_USDT_Perplong | +0.0178% | 4h | 268.50 | long leg | $2K | $137K | 10x | |
| tradeXYZ xyz:HYUNDAI | +0.0603% | 1h | 268.53 | +0.011% | $957K | $1.4M | 10x | as long as short |
tradeXYZ xyz:HYUNDAI