Funding you earn now, next payment 04:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h −0.066%
Price spread now: tradeXYZ against GRVT−0.057%66s7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as 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−$460.460% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 4 days (all we have)−0.210%−$21 · spread now −0.057%, 7d avg −0.118%
=Together, before fees−0.312%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board−$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.061% dearer against GRVT than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.118%. Mind the row above: over the last 7 days funding on this pair cost −0.101%, so the current rate has only just turned in your favour. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT IBM_USDT_Perp | 231.39 | 0 | get 0.0000% / 8h | 4h 36m | $467 | $158K | 10x |
| Short | tradeXYZ xyz:IBM | 231.26 | 0.0026 | get 0.0003% / 1h | 36m 09s | $1.9M | $756K | 10x |
GRVT IBM_USDT_Perp
tradeXYZ xyz:IBMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $5.45
- Price spread: −0.057% → −0.118%
- $6.14
- Slippage, 4 orders
- −$19.01
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$34.42
- Costs to cover
- 0.460%
- Break-even
- 51.2 days
Slippage from GRVT: live order book, 17 min ago; tradeXYZ: 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, 17 min ago | 1.73 bp | 11.5 bp −$12 | 33.0 bp −$330 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 2 min ago | 1.51 bp | 10.9 bp −$11 | 18.3 bp −$183 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin IBM-USDT | −0.0012% | 8h | 231.36 | −0.013% | $47K | $51K | 20x | as long as short |
| Aster IBMUSDT | 0.0000% | 8h | 231.35 | −0.019% | $13K | $127K | 20x | as long as short |
| Extended IBM-USD | 0.0000% | 1h | 231.45 | +0.024% | $53K | $235K | 10x | as long as short |
| Binance IBMUSDT | 0.0000% | 8h | 231.51 | +0.051% | $3.9M | $5.4M | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 231.33 | −0.026% | $980K | $348K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 231.46 | +0.030% | $1.4M | $1.1M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 231.50 | +0.047% | $805K | $1.4M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 231.47 | +0.034% | $786K | $341K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 231.38 | −0.004% | $256K | $15K | — | as long as short |
| GRVT IBM_USDT_Perplong | 0.0000% | 8h | 231.39 | long leg | $467 | $158K | 10x |
BloFin IBM-USDT
Aster IBMUSDT
Extended IBM-USD
Binance IBMUSDT
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX IBM-USDT | 0.0000% | 8h | 231.41 | +0.008% | $956 | $482K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 231.90 | +0.220% | $5K | $34K | 20x | as long as short |
| tradeXYZ xyz:IBMshort | +0.0026% | 1h | 231.26 | −0.057% | $1.9M | $756K | 10x | |
| QFEX IBM-USD | +0.0026% | 1h | 231.40 | +0.004% | $1.2M | $2.5M | 10x | as long as short |
| Lighter IBM | +0.0032% | 1h | 231.37 | −0.009% | $38K | $43K | 10x | as long as short |
| Injective IBM/USDC PERP | +0.0033% | 1h | 201.05 | −13.112% | — | $57 | 12x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 231.34 | −0.022% | — | — | 25x | as long as short |
| KuCoin IBMUSDTM | +0.0100% | 8h | 231.42 | +0.013% | $194K | $34K | 20x | as long as short |
SunX IBM-USDT
HTX IBM-USDT
QFEX IBM-USD
Lighter IBM
Injective IBM/USDC PERP
Vest IBM-USD-PERP
KuCoin IBMUSDTM