Funding you earn now, next payment 16:00 UTC−0.0361%/8h= −39.5% APRnext payment −$3.61 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against GRVT−0.145%100s7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as 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−$1041.035% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.145%, 7d avg −0.064%
=Together, before fees+0.011%+ Points / potential airdropGRVT: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bybit is 0.081% cheaper against GRVT than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.064%). Swap the legs. The two prices were read 100 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 -0.063% in total (about -3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.61 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 | 285.25 | 0.0361 | pay 0.0361% / 8h | 7h 55m | $964 | $101K | 10x |
| Short | Bybit IWMUSDT | 284.84 | 0 | get 0.0000% / 8h | 7h 55m | $560K | $68K | 25x |
GRVT IWM_USDT_Perp
Bybit IWMUSDTFunding 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
- −$75.81
- Price spread: −0.145% → −0.064%
- −$8.08
- Slippage, 4 orders
- −$83.51
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$187.4
- Costs to cover
- 1.035%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 36 min ago; Bybit: live order book, 34 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, 36 min ago | 1.92 bp | 10.2 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 34 min ago | 3.68 bp | 42.3 bp −$42 | doesn't fit | 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 | 285.02 | −0.081% | $2K | $221 | 20x | as long as short |
| Bybit IWMUSDTshort | 0.0000% | 8h | 284.84 | −0.145% | $560K | $68K | 25x | |
| OKX IWM-USDT-SWAP | 0.0000% | 8h | 285.00 | −0.089% | $437K | $158K | 20x | as long as short |
| Gate IWM_USDT | 0.0000% | 8h | 285.17 | −0.029% | $608K | $156K | 20x | as long as short |
| Bitget IWMUSDT | 0.0000% | 8h | 285.20 | −0.019% | $441K | $15K | 20x | as long as short |
| Variational Omni IWM | 0.0000% | 8h | 285.01 | −0.086% | $169K | $217K | — | as long as short |
| SunX IWM-USDT | 0.0000% | 8h | 284.94 | −0.110% | $596 | $462K | 10x | as long as short |
| HTX IWM-USDT | 0.0000% | 8h | 285.25 | −0.001% | $505 | $38K | 20x | as long as short |
| Phemex IWMUSDT | 0.0000% | 8h | 285.13 | −0.043% | $764K | $83K | 10x | as long as short |
| Lighter IWM | +0.0032% | 1h | 285.54 | +0.101% | $75K | $19K | 10x | as long as short |
Aster IWMUSDT
OKX IWM-USDT-SWAP
Gate IWM_USDT
Bitget IWMUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Markets by Kinetiq mkts:SMALL2000 | +0.0046% | 1h | 284.79 | −0.162% | $565K | $358K | 20x | as long as short |
| Vest IWM-USD-PERP | +0.0046% | 1h | 284.81 | −0.155% | — | $1K | 25x | as long as short |
| MEXC IWM_USDT | +0.0090% | 8h | 285.04 | −0.075% | $881K | $83K | 50x | as long as short |
| Binance IWMUSDT | +0.0090% | 8h | 285.02 | −0.082% | $1.1M | $1.2M | 20x | as long as short |
| KuCoin IWMUSDTM | +0.0100% | 8h | 285.34 | +0.031% | $141K | $909K | 20x | as long as short |
| BloFin IWM-USDT | +0.0119% | 8h | 285.15 | −0.036% | $67K | $33K | 20x | as long as short |
| GRVT IWM_USDT_Perplong | +0.0361% | 8h | 285.25 | long leg | $964 | $101K | 10x |
Markets by Kinetiq mkts:SMALL2000
Vest IWM-USD-PERP
MEXC IWM_USDT
Binance IWMUSDT
KuCoin IWMUSDTM
BloFin IWM-USDT