Funding you earn now, next payment 12:00 UTC+0.0577%/8h= +63.2% APRpaid last 24h +0.031%
Price spread now: GRVT against Extended−0.055%72s7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as 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−$670.669% of the position
Funding, last 7 days+0.133%+$13 on $10k
+Price spread, last 4 days (all we have)+0.199%+$20 · spread now −0.055%, 7d avg +0.030%
=Together, before fees+0.332%+ Points / potential airdropExtended: Active · GRVT: Active · farm board+$33 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.085% cheaper against Extended than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of +0.030%). If the spread goes back, that is −$9 on $10k: about 12 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.133% in total) that is about 4.5 days. The two prices were read 72 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 0.133% in total (about 6.9% a year). A funding rate is set anew for every payment. 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 | Extended IBM-USD | 232.98 | 0.0080 | pay 0.0010% / 1h | 50m 08s | $53K | $307K | 10x |
| Short | GRVT IBM_USDT_Perp | 232.85 | 0.0657 | get 0.0657% / 8h | 4h 50m | $2 | $151K | 10x |
Extended IBM-USD
GRVT IBM_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Extended. 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
- $121.17
- Price spread: −0.055% → +0.030%
- −$8.53
- Slippage, 4 orders
- −$52.9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $45.74
- Costs to cover
- 0.669%
- Break-even
- 4.4 days
Slippage from Extended: live order book, 55 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 Extended live order book, 55 min ago | 1.29 bp | 15.0 bp −$15 | 142.7 bp −$1,427 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 54 min ago | 2.36 bp | 20.3 bp −$20 | 35.7 bp −$357 | doesn't fit | doesn't fit |
IBM on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IBMUSDT | 0.0000% | 8h | 232.90 | −0.036% | $13K | $127K | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 232.95 | −0.012% | $999K | $311K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 232.94 | −0.017% | $1.4M | $1.0M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 233.23 | +0.108% | $745K | $1.3M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 233.07 | +0.039% | $780K | $279K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 233.13 | +0.064% | $258K | $14K | — | as long as short |
| SunX IBM-USDT | 0.0000% | 8h | 232.69 | −0.124% | $607 | $376K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 233.02 | +0.018% | $7K | $34K | 20x | as long as short |
| QFEX IBM-USD | +0.0014% | 1h | 233.06 | +0.035% | $1.2M | $2.0M | 10x | as long as short |
| Lighter IBM | +0.0032% | 1h | 232.91 | −0.030% | $37K | $44K | 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
QFEX IBM-USD
Lighter IBMShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective IBM/USDC PERP | +0.0033% | 1h | 201.05 | −13.705% | — | $57 | 12x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 233.00 | +0.009% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 232.82 | −0.068% | $1.8M | $787K | 10x | as long as short |
| BloFin IBM-USDT | +0.0055% | 8h | 233.20 | +0.095% | $48K | $64K | 20x | as long as short |
| Binance IBMUSDT | +0.0078% | 8h | 233.06 | +0.035% | $3.8M | $4.7M | 20x | as long as short |
| Extended IBM-USDlong | +0.0080% | 1h | 232.98 | long leg | $53K | $307K | 10x | |
| KuCoin IBMUSDTM | +0.0100% | 8h | 232.95 | −0.012% | $195K | $259K | 20x | as long as short |
| GRVT IBM_USDT_Perpshort | +0.0657% | 8h | 232.85 | −0.055% | $2 | $151K | 10x |
Injective IBM/USDC PERP
Vest IBM-USD-PERP
tradeXYZ xyz:IBM
BloFin IBM-USDT
Binance IBMUSDT
KuCoin IBMUSDTM