Funding you earn now, next payment 00:00 UTC−0.0405%/8h= −44.3% APRnext payment −$4.05 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against GRVT+0.022%71s7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as 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−$590.592% of the position
Funding, last 7 days−0.128%−$13 on $10k
+Price spread, last 3 days (all we have)−0.140%−$14 · spread now +0.022%, 7d avg −0.026%
=Together, before fees−0.268%+ Points / potential airdropGRVT: Active · farm board−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.048% dearer against GRVT than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.026%): +$5 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.128% in total) that is about 2.6 days. The two prices were read 71 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 -0.128% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.05 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 | 231.53 | 0.0405 | pay 0.0405% / 8h | 22m 18s | $702 | $170K | 10x |
| Short | OKX IBM-USDT-SWAP | 231.58 | 0 | get 0.0000% / 8h | 22m 18s | $1.4M | $1.2M | 20x |
GRVT IBM_USDT_Perp
OKX IBM-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
- −$85.05
- Price spread: +0.022% → −0.026%
- $4.79
- Slippage, 4 orders
- −$40.2
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$139.46
- Costs to cover
- 0.592%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 55 min ago; OKX: live order book, 4 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, 55 min ago | 1.51 bp | 17.0 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.30 bp | 13.2 bp −$13 | 176.3 bp −$1,763 | 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 | 231.91 | +0.165% | $13K | $127K | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 231.38 | −0.064% | $976K | $376K | 50x | as long as short |
| OKX IBM-USDT-SWAPshort | 0.0000% | 8h | 231.58 | +0.022% | $1.4M | $1.2M | 20x | |
| Gate IBM_USDT | 0.0000% | 8h | 231.53 | +0.001% | $797K | $1.5M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 231.52 | −0.004% | $798K | $404K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 231.55 | +0.011% | $256K | $15K | — | as long as short |
| SunX IBM-USDT | 0.0000% | 8h | 231.30 | −0.099% | $932 | $535K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 231.91 | +0.165% | $5K | $33K | 20x | as long as short |
| QFEX IBM-USD | +0.0031% | 1h | 231.51 | −0.008% | $1.2M | $3.3M | 10x | as long as short |
| Lighter IBM | +0.0032% | 1h | 231.54 | +0.005% | $38K | $47K | 10x | as long as short |
Aster IBMUSDT
Bybit IBMUSDT
Gate IBM_USDT
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 | −13.164% | — | $57 | 12x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 231.40 | −0.055% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 231.36 | −0.073% | $2.0M | $808K | 10x | as long as short |
| KuCoin IBMUSDTM | +0.0100% | 8h | 231.39 | −0.060% | $194K | $34K | 20x | as long as short |
| Extended IBM-USD | +0.0160% | 1h | 231.54 | +0.006% | $54K | $202K | 10x | as long as short |
| Binance IBMUSDT | +0.0165% | 8h | 231.58 | +0.022% | $3.9M | $5.8M | 20x | as long as short |
| BloFin IBM-USDT | +0.0180% | 8h | 231.67 | +0.061% | $46K | $52K | 20x | as long as short |
| GRVT IBM_USDT_Perplong | +0.0405% | 8h | 231.53 | long leg | $702 | $170K | 10x |
Injective IBM/USDC PERP
Vest IBM-USD-PERP
tradeXYZ xyz:IBM
KuCoin IBMUSDTM
Extended IBM-USD
Binance IBMUSDT
BloFin IBM-USDT