Funding you earn now, next payment 02:00 UTC−0.0245%/8h= −26.9% APRpaid last 24h −0.053%
Price spread now: GRVT against tradeXYZ−0.027%86s7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as 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−$330.331% of the position
Funding, last 7 days−0.177%−$18 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.027%, 7d avg +0.027%
=Together, before fees−0.196%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board−$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and GRVT is 0.054% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.027%). Swap the legs. The two prices were read 86 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 | tradeXYZ xyz:META | 740.12 | 0.0245 | pay 0.0031% / 1h | 38m 03s | $68.3M | $120.3M | 20x |
| Short | GRVT META_USDT_Perp | 739.92 | 0 | get 0.0000% / 8h | 6h 38m | $12K | $435K | 10x |
tradeXYZ xyz:META
GRVT META_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against tradeXYZ. 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
- −$51.53
- Price spread: −0.027% → +0.027%
- −$5.42
- Slippage, 4 orders
- −$6.13
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$90.08
- Costs to cover
- 0.331%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 11 min ago; GRVT: live order book, 30 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 tradeXYZ live order book, 11 min ago | 0.07 bp | 9.2 bp −$9 | 10.5 bp −$105 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 30 min ago | 1.49 bp | 7.9 bp −$8 | 14.4 bp −$144 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit META_USDC-PERPETUAL | −0.0196% | 1h | 739.27 | −0.115% | $31K | $244K | 10x | as long as short |
| Nado META-PERP | −0.0148% | 1h | 739.70 | −0.056% | $478K | $546K | 20x | as long as short |
| BloFin META-USDT | −0.0120% | 8h | 739.99 | −0.018% | $327K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 740.54 | +0.057% | $466K | $549K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 739.65 | −0.064% | $550K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 739.95 | −0.023% | $27.3M | $179.2M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 739.89 | −0.031% | $7.5M | $13.8M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 739.88 | −0.032% | $5.9M | $13.2M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 739.56 | −0.076% | $351K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 740.09 | −0.004% | $5.5M | $11.3M | 100x | as long as short |
Deribit META_USDC-PERPETUAL
Nado META-PERP
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni META | 0.0000% | 8h | 739.73 | −0.053% | $2.3M | $3.1M | — | as long as short |
| GRVT META_USDT_Perpshort | 0.0000% | 8h | 739.92 | −0.027% | $12K | $435K | 10x | |
| SunX META-USDT | 0.0000% | 8h | 739.95 | −0.023% | $683 | $9.2M | 20x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 739.65 | −0.064% | $105K | $296K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 740.05 | −0.009% | $2.0M | $8K | 10x | as long as short |
| QFEX META-USD | +0.0025% | 1h | 739.87 | −0.034% | $2.2M | $14.0M | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 740.19 | +0.009% | $750K | $3.0M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 739.54 | −0.078% | $110K | $330K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 740.34 | +0.030% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 739.90 | −0.030% | $176K | $197K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 739.68 | −0.059% | $557K | $855K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 739.93 | −0.026% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 739.23 | −0.120% | $697K | $4.3M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0056% | 8h | 739.72 | −0.054% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0069% | 1h | 740.58 | +0.062% | $49K | $80K | 10x | as long as short |
| Lighter META | +0.0096% | 1h | 740.10 | −0.003% | $855K | $2.4M | 20x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 739.93 | −0.026% | $1.6M | $472K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 739.34 | −0.105% | $166K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 739.86 | −0.035% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 739.57 | −0.074% | $266 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0104% | 1h | 739.45 | −0.091% | $609K | $7.2M | 10x | as long as short |
| Hotstuff META-PERP | +0.0112% | 1h | 740.13 | +0.001% | $33K | $105 | 20x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 739.58 | −0.073% | $170K | $48K | 30x | as long as short |
| tradeXYZ xyz:METAlong | +0.0245% | 1h | 740.12 | long leg | $68.3M | $120.3M | 20x | |
| Phoenix META | +0.0313% | 1h | 740.70 | +0.078% | $386K | $1.1M | 20x | as long as short |
| edgeX METAUSDC | +0.0992% | 4h | 740.02 | −0.013% | $62K | $334K | 10x | as long as short |
Variational Omni META
SunX META-USDT
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
Ondo Perps META-USD.P
Paradex META-USD-PERP
Aftermath Perps METAUSD
Lighter META
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Hotstuff META-PERP
Injective META/USDC PERP
Phoenix META
edgeX METAUSDC