Funding you earn now, next payment 23:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.026%
Price spread now: Hotstuff against GRVT+0.042%57s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropGRVT: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hotstuff is 0.042% dearer against GRVT than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT META_USDT_Perp | 740.44 | 0 | get 0.0000% / 8h | 1h 36m | $12K | $509K | 10x |
| Short | Hotstuff META-PERP | 740.75 | 0.0072 | get 0.0009% / 1h | 36m 04s | $33K | $105 | 20x |
GRVT META_USDT_Perp
Hotstuff META-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff 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
- $15.12
- Price spread: +0.042% → 0.000%
- $4.18
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- $5.3
- Costs to cover
- 0.140%
- Break-even
- 4.5 days
Slippage unknown: GRVT: live order book, 47 min ago; Hotstuff: no order-book sample. 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 GRVT live order book, 47 min ago | 0.94 bp | 6.4 bp −$6 | 11.2 bp −$112 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
META on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin META-USDT | −0.0120% | 8h | 740.63 | +0.026% | $328K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0060% | 1h | 740.51 | +0.010% | $395K | $317K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 741.16 | +0.097% | $458K | $536K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 740.46 | +0.003% | $548K | $1.5M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 740.59 | +0.020% | $26.9M | $177.8M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 740.64 | +0.027% | $7.4M | $13.9M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 740.65 | +0.028% | $6.0M | $13.1M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 740.16 | −0.038% | $330K | $5.4M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 740.56 | +0.016% | $5.8M | $11.0M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 740.36 | −0.011% | $1.6M | $2.6M | — | as long as short |
BloFin META-USDT
Nado META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni METAShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perplong | 0.0000% | 8h | 740.44 | long leg | $12K | $509K | 10x | |
| SunX META-USDT | 0.0000% | 8h | 740.86 | +0.057% | $856 | $9.5M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 740.51 | +0.009% | $30K | $256K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 740.22 | −0.030% | $105K | $283K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 740.52 | +0.011% | $2.0M | $7K | 10x | as long as short |
| QFEX META-USD | +0.0003% | 1h | 740.41 | −0.004% | $2.2M | $14.3M | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 740.93 | +0.066% | $744K | $3.2M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 740.35 | −0.012% | $260K | $316K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 741.08 | +0.086% | — | $9K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 740.50 | +0.008% | $178K | $201K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 740.61 | +0.023% | $541K | $840K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 740.55 | +0.015% | $24K | $3K | 10x | as long as short |
| Paradex META-USD-PERP | +0.0050% | 8h | 740.41 | −0.004% | — | — | 5x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 740.24 | −0.027% | $666K | $4.1M | 10x | as long as short |
| Aftermath Perps METAUSD | +0.0055% | 1h | 740.87 | +0.058% | $49K | $63K | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0064% | 1h | 740.35 | −0.012% | $607K | $7.3M | 10x | as long as short |
| Phoenix META | +0.0065% | 1h | 740.33 | −0.015% | $291K | $791K | 20x | as long as short |
| Hotstuff META-PERPshort | +0.0072% | 1h | 740.75 | +0.042% | $33K | $105 | 20x | |
| Lighter META | +0.0088% | 1h | 740.89 | +0.061% | $859K | $2.5M | 20x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 740.55 | +0.015% | $1.6M | $360K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 739.89 | −0.074% | $166K | $73K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 740.64 | +0.027% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 740.42 | −0.003% | $267 | — | 10x | as long as short |
| tradeXYZ xyz:META | +0.0123% | 1h | 740.71 | +0.036% | $68.4M | $120.6M | 20x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 739.94 | −0.068% | $168K | $46K | 30x | as long as short |
| edgeX METAUSDC | +0.0892% | 4h | 740.33 | −0.015% | $62K | $330K | 10x | as long as short |
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
QFEX META-USD
Lighter RH META
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Paradex META-USD-PERP
Ondo Perps META-USD.P
Aftermath Perps METAUSD
Coinbase International META-PERP-INTX
Phoenix META
Lighter META
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
tradeXYZ xyz:META
Injective META/USDC PERP
edgeX METAUSDC