Funding you earn now, next payment 08:00 UTC+0.0632%/8h= +69.2% APRnext payment +$6.32 per $10,000 · paid last 24h 0.000%
Price spread now: GRVT against Variational Omni+0.035%7-day average +0.009% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.035%, 7d avg +0.009%
=Together, before fees−0.032%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and GRVT is 0.026% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.009%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.32 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 | Variational Omni IWM | 285.59 | 0.0011 | pay 0.0011% / 8h | 1h 34m | $160K | $207K | — |
| Short | GRVT IWM_USDT_Perp | 285.69 | 0.0643 | get 0.0643% / 8h | 1h 34m | $297 | $104K | 10x |
Variational Omni IWM
GRVT IWM_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Variational Omni. 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
- $132.62
- Price spread: +0.035% → +0.009%
- $2.57
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $126.2
- Costs to cover
- 0.090%
- Break-even
- 0.3 days
Slippage unknown: Variational Omni: RFQ quote, 9 min ago; GRVT: live order book, 2 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 Variational Omni RFQ quote, 9 min ago | 2.08 bp | doesn't fit | 84.3 bp −$843 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 2 min ago | 1.58 bp | 25.3 bp −$25 | 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 | 285.52 | −0.026% | $2K | $221 | 20x | as long as short |
| Bybit IWMUSDT | 0.0000% | 8h | 285.36 | −0.081% | $557K | $60K | 25x | as long as short |
| OKX IWM-USDT-SWAP | 0.0000% | 8h | 285.32 | −0.095% | $437K | $160K | 20x | as long as short |
| Gate IWM_USDT | 0.0000% | 8h | 285.62 | +0.010% | $608K | $160K | 20x | as long as short |
| Bitget IWMUSDT | 0.0000% | 8h | 285.56 | −0.011% | $442K | $15K | 20x | as long as short |
| SunX IWM-USDT | 0.0000% | 8h | 285.39 | −0.070% | $908 | $455K | 10x | as long as short |
| HTX IWM-USDT | 0.0000% | 8h | 285.29 | −0.105% | $702 | $37K | 20x | as long as short |
| Phemex IWMUSDT | 0.0000% | 8h | 285.63 | +0.014% | $765K | $81K | 10x | as long as short |
| Variational Omni IWMlong | +0.0011% | 8h | 285.59 | long leg | $160K | $207K | — | |
| Lighter IWM | +0.0032% | 1h | 286.09 | +0.175% | $75K | $19K | 10x | as long as short |
Aster IWMUSDT
Bybit IWMUSDT
OKX IWM-USDT-SWAP
Gate IWM_USDT
Bitget IWMUSDT
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 | +0.0040% | 1h | 285.41 | −0.063% | $566K | $363K | 20x | as long as short |
| Vest IWM-USD-PERP | +0.0046% | 1h | 285.40 | −0.067% | — | — | 25x | as long as short |
| BloFin IWM-USDT | +0.0058% | 8h | 285.63 | +0.014% | $65K | $33K | 20x | as long as short |
| Binance IWMUSDT | +0.0079% | 8h | 285.62 | +0.010% | $1.1M | $1.2M | 20x | as long as short |
| MEXC IWM_USDT | +0.0080% | 8h | 285.63 | +0.014% | $885K | $82K | 50x | as long as short |
| KuCoin IWMUSDTM | +0.0100% | 8h | 285.71 | +0.042% | $139K | $848K | 20x | as long as short |
| GRVT IWM_USDT_Perpshort | +0.0643% | 8h | 285.69 | +0.035% | $297 | $104K | 10x |
Markets by Kinetiq mkts:SMALL2000
Vest IWM-USD-PERP
BloFin IWM-USDT
Binance IWMUSDT
MEXC IWM_USDT
KuCoin IWMUSDTM