Funding you earn now, next payment 08:00 UTC+0.0794%/8h= +86.9% APRnext payment +$7.94 per $10,000 · paid last 24h 0.000%
Price spread now: GRVT against OKX−0.018%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$610.610% of the position
Funding, last 7 days+0.128%+$13 on $10k
+Price spread, last 3 days (all we have)+0.136%+$14 · spread now −0.018%, 7d avg +0.026%
=Together, before fees+0.264%+ Points / potential airdropGRVT: Active · farm board+$26 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.044% cheaper against OKX than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.026%). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.128% in total) that is about 2.4 days.
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 +$7.94 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 | OKX IBM-USDT-SWAP | 231.69 | 0 | get 0.0000% / 8h | 7h 54m | $1.4M | $1.1M | 20x |
| Short | GRVT IBM_USDT_Perp | 231.65 | 0.0794 | get 0.0794% / 8h | 7h 54m | $584 | $168K | 10x |
OKX IBM-USDT-SWAP
GRVT IBM_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against OKX. 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
- $166.74
- Price spread: −0.018% → +0.026%
- −$4.4
- Slippage, 4 orders
- −$42.05
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $101.29
- Costs to cover
- 0.610%
- Break-even
- 2.7 days
Slippage from OKX: live order book, 2 min ago; GRVT: live order book, 13 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 OKX live order book, 2 min ago | 0.65 bp | 15.5 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 13 min ago | 3.02 bp | 16.5 bp −$17 | 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 | 232.00 | +0.133% | $13K | $127K | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 231.53 | −0.069% | $977K | $358K | 50x | as long as short |
| OKX IBM-USDT-SWAPlong | 0.0000% | 8h | 231.69 | long leg | $1.4M | $1.1M | 20x | |
| Gate IBM_USDT | 0.0000% | 8h | 231.57 | −0.052% | $797K | $1.5M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 231.61 | −0.035% | $793K | $372K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 231.65 | −0.016% | $256K | $15K | — | as long as short |
| SunX IBM-USDT | 0.0000% | 8h | 231.38 | −0.134% | $1K | $527K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 231.90 | +0.091% | $5K | $34K | 20x | as long as short |
| QFEX IBM-USD | +0.0025% | 1h | 231.51 | −0.078% | $1.2M | $3.3M | 10x | as long as short |
| Lighter IBM | +0.0032% | 1h | 231.42 | −0.117% | $38K | $43K | 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 | −13.225% | — | $57 | 12x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 231.43 | −0.112% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 231.50 | −0.082% | $1.9M | $821K | 10x | as long as short |
| KuCoin IBMUSDTM | +0.0100% | 8h | 231.56 | −0.056% | $195K | $33K | 20x | as long as short |
| Extended IBM-USD | +0.0224% | 1h | 231.58 | −0.049% | $54K | $200K | 10x | as long as short |
| Binance IBMUSDT | +0.0224% | 8h | 231.62 | −0.030% | $3.9M | $5.6M | 20x | as long as short |
| BloFin IBM-USDT | +0.0228% | 8h | 231.62 | −0.030% | $46K | $52K | 20x | as long as short |
| GRVT IBM_USDT_Perpshort | +0.0794% | 8h | 231.65 | −0.018% | $584 | $168K | 10x |
Injective IBM/USDC PERP
Vest IBM-USD-PERP
tradeXYZ xyz:IBM
KuCoin IBMUSDTM
Extended IBM-USD
Binance IBMUSDT
BloFin IBM-USDT