Funding you earn now, next payment 03:00 UTC−0.0463%/8h= −50.7% APRpaid last 24h −0.078%
Price spread now: GRVT against tradeXYZ+0.163%66s7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as 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−$1101.100% of the position
Funding, last 7 days−0.299%−$30 on $10k
+Price spread, last 4 days (all we have)+0.121%+$12 · spread now +0.163%, 7d avg +0.022%
=Together, before fees−0.178%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.141% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.163% now, against its 7-day average of +0.022%): +$14 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.299% in total) that is about 3.3 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 -0.299% in total (about -15.6% a year). A funding rate is set anew for every payment. 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 | tradeXYZ xyz:IREN | 47.363 | 0.0463 | pay 0.0058% / 1h | 48m 21s | $3.2M | $1.9M | 10x |
| Short | GRVT IREN_USDT_Perp | 47.440 | 0 | get 0.0000% / 8h | 5h 48m | $4K | $180K | 10x |
tradeXYZ xyz:IREN
GRVT IREN_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against tradeXYZ. 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
- −$97.15
- Price spread: +0.163% → +0.022%
- $14.09
- Slippage, 4 orders
- −$82.97
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$193.03
- Costs to cover
- 1.100%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 10 min ago; GRVT: live order book, 10 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 tradeXYZ live order book, 10 min ago | 2.00 bp | 12.4 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 10 min ago | 3.16 bp | 35.2 bp −$35 | 63.3 bp −$633 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IRENUSDT | 0.0000% | 8h | 47.471 | +0.229% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.370 | +0.015% | $3.4M | $6.1M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.370 | +0.015% | $1.2M | $541K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.390 | +0.057% | $646K | $621K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.390 | +0.057% | $720K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.373 | +0.021% | $2.0M | $431K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.441 | +0.164% | $210K | $85K | — | as long as short |
| GRVT IREN_USDT_Perpshort | 0.0000% | 8h | 47.440 | +0.163% | $4K | $180K | 10x | |
| SunX IREN-USDT | 0.0000% | 8h | 47.420 | +0.120% | $1K | $356K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.310 | −0.112% | $9K | $771 | 20x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
Variational Omni IREN
SunX IREN-USDT
HTX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERP | +0.0005% | 1h | 47.290 | −0.154% | — | $15K | 10x | as long as short |
| QFEX IREN-USD | +0.0026% | 1h | 47.370 | +0.015% | $1.2M | $1.8M | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.335 | −0.059% | $4K | $7K | 5x | as long as short |
| Lighter RH IREN | +0.0056% | 1h | 47.399 | +0.076% | $69K | $96K | 10x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 47.343 | −0.043% | $609K | $182K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.370 | +0.015% | $745K | $197K | 20x | as long as short |
| Phoenix IREN | +0.0355% | 1h | 47.429 | +0.139% | $83 | $31K | 10x | as long as short |
| tradeXYZ xyz:IRENlong | +0.0463% | 1h | 47.363 | long leg | $3.2M | $1.9M | 10x |
Vest IREN-USD-PERP
QFEX IREN-USD
Extended IREN_24_5-USD
Lighter RH IREN
Paragon para:IREN
KuCoin IRENUSDTM
Phoenix IREN