Funding you earn now, next payment 00:00 UTC−0.0340%/8h= −37.2% APRnext payment −$3.40 per $10,000 · paid last 24h +0.058%
Price spread now: Gate against GRVT+0.024%66s7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as 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−$670.667% of the position
Funding, last 7 days−0.025%−$3 on $10k
+Price spread, last 3 days (all we have)−0.073%−$7 · spread now +0.024%, 7d avg −0.011%
=Together, before fees−0.099%+ Points / potential airdropGRVT: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.034% dearer against GRVT than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of −0.011%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.025% in total) that is about 9.5 days. The two prices were read 66 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 -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.40 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 | GRVT IBM_USDT_Perp | 231.43 | 0.0340 | pay 0.0340% / 8h | 50m 25s | $174 | $172K | 10x |
| Short | Gate IBM_USDT | 231.48 | 0 | get 0.0000% / 8h | 50m 25s | $810K | $1.5M | 50x |
GRVT IBM_USDT_Perp
Gate IBM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$71.4
- Price spread: +0.024% → −0.011%
- $3.43
- Slippage, 4 orders
- −$42.74
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$134.72
- Costs to cover
- 0.667%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 26 min ago; Gate: 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 GRVT live order book, 26 min ago | 1.51 bp | 17.0 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 4.96 bp | 17.6 bp −$18 | 187.5 bp −$1,875 | 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 | 231.33 | −0.039% | $13K | $126K | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 231.38 | −0.019% | $976K | $376K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 231.53 | +0.045% | $1.4M | $1.2M | 20x | as long as short |
| Gate IBM_USDTshort | 0.0000% | 8h | 231.48 | +0.024% | $810K | $1.5M | 50x | |
| Bitget IBMUSDT | 0.0000% | 8h | 231.32 | −0.045% | $798K | $405K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 231.54 | +0.050% | $256K | $15K | — | as long as short |
| SunX IBM-USDT | 0.0000% | 8h | 231.33 | −0.041% | $1K | $533K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 231.58 | +0.067% | $5K | $34K | 20x | as long as short |
| QFEX IBM-USD | +0.0031% | 1h | 231.48 | +0.024% | $1.2M | $3.2M | 10x | as long as short |
| Lighter IBM | +0.0032% | 1h | 231.50 | +0.032% | $38K | $47K | 10x | as long as short |
Aster IBMUSDT
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Bitget IBMUSDT
Variational Omni IBM
SunX IBM-USDT
HTX IBM-USDT
QFEX IBM-USD
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 | −13.125% | — | $57 | 12x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 231.47 | +0.019% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 231.29 | −0.058% | $2.0M | $810K | 10x | as long as short |
| Extended IBM-USD | +0.0080% | 1h | 231.47 | +0.021% | $54K | $202K | 10x | as long as short |
| BloFin IBM-USDT | +0.0081% | 8h | 231.61 | +0.080% | $46K | $52K | 20x | as long as short |
| Binance IBMUSDT | +0.0081% | 8h | 231.52 | +0.041% | $3.9M | $5.8M | 20x | as long as short |
| KuCoin IBMUSDTM | +0.0100% | 8h | 231.28 | −0.063% | $194K | $34K | 20x | as long as short |
| GRVT IBM_USDT_Perplong | +0.0340% | 8h | 231.43 | long leg | $174 | $172K | 10x |
Injective IBM/USDC PERP
Vest IBM-USD-PERP
tradeXYZ xyz:IBM
Extended IBM-USD
BloFin IBM-USDT
Binance IBMUSDT
KuCoin IBMUSDTM