Funding you earn now, next payment 08:00 UTC−0.0059%/8h= −6.4% APRnext payment −$0.59 per $10,000 · paid last 24h +0.035%
Price spread now: GRVT against Binance−0.027%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$480.478% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 4 days (all we have)+0.603%+$60 · spread now −0.027%, 7d avg −0.003%
=Together, before fees+0.685%+ Points / potential airdropGRVT: Active · farm board+$69 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GRVT is 0.024% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.003%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.082%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance IBMUSDT | 231.59 | 0.0062 | pay 0.0062% / 8h | 5h 33m | $3.9M | $5.3M | 20x |
| Short | GRVT IBM_USDT_Perp | 231.53 | 0.0003 | get 0.0003% / 8h | 5h 33m | $519 | $158K | 10x |
Binance IBMUSDT
GRVT IBM_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
- −$12.29
- Price spread: −0.027% → −0.003%
- −$2.37
- Slippage, 4 orders
- −$28.85
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$62.51
- Costs to cover
- 0.478%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; GRVT: live order book, 24 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 | 0.22 bp | 11.1 bp −$11 | 37.9 bp −$379 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 24 min ago | 1.51 bp | 12.9 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
IBM on 18 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 IBMUSDT | 0.0000% | 8h | 231.44 | −0.065% | $13K | $127K | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 231.45 | −0.060% | $974K | $346K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 231.47 | −0.052% | $1.4M | $1.1M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 231.54 | −0.021% | $799K | $1.4M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 231.57 | −0.008% | $789K | $338K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 231.53 | −0.026% | $256K | $15K | — | as long as short |
| SunX IBM-USDT | 0.0000% | 8h | 231.31 | −0.121% | $766 | $487K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 231.79 | +0.087% | $5K | $33K | 20x | as long as short |
| GRVT IBM_USDT_Perpshort | +0.0003% | 8h | 231.53 | −0.027% | $519 | $158K | 10x | |
| Lighter IBM | +0.0032% | 1h | 231.51 | −0.034% | $38K | $43K | 10x | as long as short |
Aster IBMUSDT
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBM
SunX IBM-USDT
HTX IBM-USDT
Lighter IBMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective IBM/USDC PERP | +0.0033% | 1h | 201.05 | −13.187% | — | $57 | 12x | as long as short |
| QFEX IBM-USD | +0.0035% | 1h | 231.48 | −0.047% | $1.2M | $2.7M | 10x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 231.36 | −0.099% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 231.36 | −0.099% | $1.9M | $726K | 10x | as long as short |
| Binance IBMUSDTlong | +0.0062% | 8h | 231.59 | long leg | $3.9M | $5.3M | 20x | |
| Extended IBM-USD | +0.0064% | 1h | 231.52 | −0.030% | $53K | $238K | 10x | as long as short |
| BloFin IBM-USDT | +0.0065% | 8h | 231.57 | −0.008% | $47K | $52K | 20x | as long as short |
| KuCoin IBMUSDTM | +0.0100% | 8h | 231.53 | −0.026% | $194K | $33K | 20x | as long as short |
Injective IBM/USDC PERP
QFEX IBM-USD
Vest IBM-USD-PERP
tradeXYZ xyz:IBM
Extended IBM-USD
BloFin IBM-USDT
KuCoin IBMUSDTM