Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.070%
Price spread now: Bybit against GRVT−0.105%90s7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as 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−$1251.248% of the position
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 3 days (all we have)−0.059%−$6 · spread now −0.105%, 7d avg −0.029%
=Together, before fees−0.015%+ Points / potential airdropGRVT: Active · farm board−$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.076% cheaper against GRVT than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.029%. The two prices were read 90 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 IREN_USDT_Perp | 47.450 | 0 | get 0.0000% / 8h | 1h 30m | $4K | $199K | 10x |
| Short | Bybit IRENUSDT | 47.400 | 0 | get 0.0000% / 8h | 1h 30m | $1.2M | $498K | 25x |
GRVT IREN_USDT_Perp
Bybit IRENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.105% → −0.029%
- −$7.55
- Slippage, 4 orders
- −$104.78
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$132.34
- Costs to cover
- 1.248%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 52 min ago; Bybit: live order book, 1 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, 52 min ago | 5.27 bp | 24.2 bp −$24 | 112.2 bp −$1,122 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.11 bp | 35.6 bp −$36 | 194.0 bp −$1,940 | doesn't fit | doesn't fit |
IREN 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 | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERP | 0.0000% | 1h | 47.330 | −0.253% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 47.423 | −0.057% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.390 | −0.126% | $3.4M | $6.7M | 25x | as long as short |
| Bybit IRENUSDTshort | 0.0000% | 8h | 47.400 | −0.105% | $1.2M | $498K | 25x | |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.450 | 0.000% | $662K | $689K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.400 | −0.105% | $742K | $1.5M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.395 | −0.116% | $2.0M | $499K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.399 | −0.107% | $187K | $68K | — | as long as short |
| GRVT IREN_USDT_Perplong | 0.0000% | 8h | 47.450 | long leg | $4K | $199K | 10x | |
| SunX IREN-USDT | 0.0000% | 8h | 47.420 | −0.063% | $588 | $389K | 10x | as long as short |
Vest IREN-USD-PERP
Aster IRENUSDT
Binance IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
Variational Omni IREN
SunX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX IREN-USDT | 0.0000% | 8h | 47.350 | −0.210% | $9K | $696 | 20x | as long as short |
| QFEX IREN-USD | +0.0026% | 1h | 47.410 | −0.084% | $1.2M | $2.1M | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.385 | −0.137% | $4K | $8K | 5x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 47.385 | −0.137% | $623K | $124K | 10x | as long as short |
| Lighter RH IREN | +0.0072% | 1h | 47.442 | −0.016% | $68K | $114K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.430 | −0.042% | $752K | $142K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0385% | 1h | 47.427 | −0.048% | $3.2M | $1.9M | 10x | as long as short |
| Phoenix IREN | +0.0405% | 1h | 47.489 | +0.083% | $85 | $38K | 10x | as long as short |
HTX IREN-USDT
QFEX IREN-USD
Extended IREN_24_5-USD
Paragon para:IREN
Lighter RH IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Phoenix IREN