Funding you earn now, next payment 16:00 UTC+0.0542%/8h= +59.3% APRnext payment +$5.42 per $10,000 · paid last 24h +0.044%
Price spread now: GRVT against OKX+0.206%111s7-day average −0.002% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 4 days (all we have)−0.187%−$19 · spread now +0.206%, 7d avg −0.002%
=Together, before fees−0.136%+ Points / potential airdropGRVT: Active · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and GRVT is 0.209% dearer against OKX than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.002%. The two prices were read 111 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 0.051% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.42 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 IWM-USDT-SWAP | 285.77 | 0 | get 0.0000% / 8h | 6h 57m | $439K | $181K | 20x |
| Short | GRVT IWM_USDT_Perp | 286.36 | 0.0542 | get 0.0542% / 8h | 6h 57m | $988 | $104K | 10x |
OKX IWM-USDT-SWAP
GRVT IWM_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
- $113.82
- Price spread: +0.206% → −0.002%
- $20.88
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $115.7
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: OKX: live order book, 33 min ago; GRVT: live order book, 30 min ago. Net counts fees only.
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, 33 min ago | 5.62 bp | 11.0 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 30 min ago | 1.58 bp | doesn't fit | 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 | 285.97 | +0.069% | $2K | $221 | 20x | as long as short |
| Bybit IWMUSDT | 0.0000% | 8h | 285.92 | +0.052% | $568K | $73K | 25x | as long as short |
| OKX IWM-USDT-SWAPlong | 0.0000% | 8h | 285.77 | long leg | $439K | $181K | 20x | |
| Gate IWM_USDT | 0.0000% | 8h | 286.14 | +0.129% | $602K | $162K | 20x | as long as short |
| Bitget IWMUSDT | 0.0000% | 8h | 285.97 | +0.070% | $442K | $16K | 20x | as long as short |
| Variational Omni IWM | 0.0000% | 8h | 286.33 | +0.197% | $170K | $217K | — | as long as short |
| SunX IWM-USDT | 0.0000% | 8h | 286.20 | +0.150% | $913 | $468K | 10x | as long as short |
| HTX IWM-USDT | 0.0000% | 8h | 286.32 | +0.192% | $544 | $38K | 20x | as long as short |
| Phemex IWMUSDT | 0.0000% | 8h | 286.24 | +0.164% | $768K | $87K | 10x | as long as short |
| Lighter IWM | +0.0032% | 1h | 286.40 | +0.220% | $75K | $19K | 10x | as long as short |
Aster IWMUSDT
Bybit IWMUSDT
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 | 285.93 | +0.056% | $526K | $381K | 20x | as long as short |
| Vest IWM-USD-PERP | +0.0046% | 1h | 285.92 | +0.052% | — | $1K | 25x | as long as short |
| KuCoin IWMUSDTM | +0.0100% | 8h | 285.98 | +0.073% | $166K | $982K | 20x | as long as short |
| Binance IWMUSDT | +0.0115% | 8h | 286.02 | +0.088% | $1.1M | $1.2M | 20x | as long as short |
| MEXC IWM_USDT | +0.0117% | 8h | 286.05 | +0.098% | $884K | $83K | 50x | as long as short |
| BloFin IWM-USDT | +0.0125% | 8h | 286.32 | +0.192% | $67K | $34K | 20x | as long as short |
| GRVT IWM_USDT_Perpshort | +0.0542% | 8h | 286.36 | +0.206% | $988 | $104K | 10x |
Markets by Kinetiq mkts:SMALL2000
Vest IWM-USD-PERP
KuCoin IWMUSDTM
Binance IWMUSDT
MEXC IWM_USDT
BloFin IWM-USDT