Funding you earn now, next payment 08:00 UTC−0.0684%/8h= −74.9% APRnext payment −$6.84 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against GRVT−0.042%53s7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as 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−$760.758% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.042%, 7d avg +0.048%
=Together, before fees−0.009%+ Points / potential airdropGRVT: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Bitget is 0.090% cheaper against GRVT than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.048%). Swap the legs. The two prices were read 53 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 -0.038% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.84 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 IWM_USDT_Perp | 285.93 | 0.0684 | pay 0.0684% / 8h | 2h 16m | $292 | $107K | 10x |
| Short | Bitget IWMUSDT | 285.81 | 0 | get 0.0000% / 8h | 2h 16m | $443K | $15K | 20x |
GRVT IWM_USDT_Perp
Bitget IWMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$143.64
- Price spread: −0.042% → +0.048%
- −$8.97
- Slippage, 4 orders
- −$54.84
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$228.46
- Costs to cover
- 0.758%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 26 min ago; Bitget: live order book, 24 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, 26 min ago | 2.10 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 24 min ago | 2.97 bp | 29.6 bp −$30 | 55.9 bp −$559 | doesn't fit | doesn't fit |
IWM on 17 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 IWMUSDT | 0.0000% | 8h | 285.71 | −0.076% | $2K | $221 | 20x | as long as short |
| Bybit IWMUSDT | 0.0000% | 8h | 285.53 | −0.140% | $556K | $62K | 25x | as long as short |
| OKX IWM-USDT-SWAP | 0.0000% | 8h | 285.68 | −0.087% | $400K | $120K | 20x | as long as short |
| Gate IWM_USDT | 0.0000% | 8h | 285.92 | −0.003% | $610K | $162K | 20x | as long as short |
| Bitget IWMUSDTshort | 0.0000% | 8h | 285.81 | −0.042% | $443K | $15K | 20x | |
| Variational Omni IWM | 0.0000% | 8h | 285.91 | −0.005% | $160K | $207K | — | as long as short |
| SunX IWM-USDT | 0.0000% | 8h | 286.02 | +0.031% | $1K | $459K | 10x | as long as short |
| HTX IWM-USDT | 0.0000% | 8h | 285.78 | −0.052% | $749 | $37K | 20x | as long as short |
| Phemex IWMUSDT | 0.0000% | 8h | 285.94 | +0.003% | $766K | $80K | 10x | as long as short |
| Lighter IWM | +0.0032% | 1h | 285.75 | −0.063% | $75K | $19K | 10x | as long as short |
Aster IWMUSDT
Bybit IWMUSDT
OKX IWM-USDT-SWAP
Gate IWM_USDT
Variational Omni IWM
SunX IWM-USDT
HTX IWM-USDT
Phemex IWMUSDT
Lighter IWMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin IWM-USDT | +0.0034% | 8h | 285.93 | 0.000% | $65K | $32K | 20x | as long as short |
| Markets by Kinetiq mkts:SMALL2000 | +0.0046% | 1h | 285.40 | −0.185% | $566K | $363K | 20x | as long as short |
| Vest IWM-USD-PERP | +0.0046% | 1h | 285.46 | −0.164% | — | — | 25x | as long as short |
| MEXC IWM_USDT | +0.0057% | 8h | 285.80 | −0.045% | $886K | $83K | 50x | as long as short |
| Binance IWMUSDT | +0.0058% | 8h | 285.96 | +0.010% | $1.1M | $1.2M | 20x | as long as short |
| KuCoin IWMUSDTM | +0.0100% | 8h | 285.95 | +0.007% | $138K | $851K | 20x | as long as short |
| GRVT IWM_USDT_Perplong | +0.0684% | 8h | 285.93 | long leg | $292 | $107K | 10x |
BloFin IWM-USDT
Markets by Kinetiq mkts:SMALL2000
Vest IWM-USD-PERP
MEXC IWM_USDT
Binance IWMUSDT
KuCoin IWMUSDTM