Funding you earn now, next payment 08:00 UTC+0.0432%/8h= +47.3% APRnext payment +$2.16 per $10,000 · paid last 24h −0.007%
Price spread now: GRVT against Binance+0.065%49s7-day average −0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as 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−$650.647% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)−0.136%−$14 · spread now +0.065%, 7d avg −0.102%
=Together, before fees−0.166%+ Points / potential airdropGRVT: Active · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and GRVT is 0.168% dearer against Binance than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.102%. The two prices were read 49 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 -0.030% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.16 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 | Binance MINIMAXUSDT | 37.070 | 0.0900 | pay 0.0450% / 4h | 1h 54m | $6.4M | $32.5M | 25x |
| Short | GRVT MINIMAX_USDT_Perp | 37.094 | 0.1332 | get 0.0666% / 4h | 1h 54m | $865 | $127K | 10x |
Binance MINIMAXUSDT
GRVT MINIMAX_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Binance. 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
- $90.75
- Price spread: +0.065% → −0.102%
- $16.77
- Slippage, 4 orders
- −$45.71
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $42.8
- Costs to cover
- 0.647%
- Break-even
- 3.7 days
Slippage from Binance: live order book, 2 min ago; GRVT: live order book, 48 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 Binance live order book, 2 min ago | 2.70 bp | 12.5 bp −$12 | 35.6 bp −$356 | 164.7 bp −$16.5K | doesn't fit |
| Sell GRVT live order book, 48 min ago | 5.39 bp | 22.5 bp −$23 | 75.6 bp −$756 | doesn't fit | doesn't fit |
MINIMAX 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX MINIMAX-USDT | 0.0000% | 4h | 37.080 | +0.027% | $15 | $2.0M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 37.107 | +0.100% | $48K | $234K | 20x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 37.004 | −0.178% | $93K | $3K | 10x | as long as short |
| Aevo MINIMAX-PERP | +0.0104% | 1h | 37.013 | −0.154% | — | — | 10x | as long as short |
| edgeX MINIMAXUSDC | +0.0130% | 4h | 37.029 | −0.110% | $28K | $182K | 10x | as long as short |
| Gate MINIMAX_USDT | +0.0193% | 8h | 37.120 | +0.135% | $1.4M | $3.2M | 50x | as long as short |
| Bybit MINIMAXUSDT | +0.0505% | 8h | 37.090 | +0.054% | $920K | $1.1M | 25x | as long as short |
| Aster MINIMAXUSDT | +0.0579% | 8h | 37.136 | +0.177% | $33K | $46K | 20x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0615% | 1h | 37.000 | −0.189% | $23K | $51K | 5x | as long as short |
| Lighter MINIMAX | +0.0664% | 1h | 37.066 | −0.011% | $41K | $25K | 10x | as long as short |
SunX MINIMAX-USDT
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
Aevo MINIMAX-PERP
edgeX MINIMAXUSDC
Gate MINIMAX_USDT
Bybit MINIMAXUSDT
Aster MINIMAXUSDT
Ondo Perps MINIMAX-USD.P
Lighter MINIMAXShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MINIMAXUSDTM | +0.0666% | 4h | 37.070 | 0.000% | $98K | $38K | 20x | as long as short |
| Bitget MINIMAXUSDT | +0.0739% | 8h | 37.067 | −0.008% | $1.2M | $2.8M | 20x | as long as short |
| Extended MINIMAX-USD | +0.0896% | 1h | 37.060 | −0.026% | $3K | — | 10x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0899% | 1h | 37.034 | −0.097% | $4.5M | $3.2M | 10x | as long as short |
| Binance MINIMAXUSDTlong | +0.0900% | 4h | 37.070 | long leg | $6.4M | $32.5M | 25x | |
| GRVT MINIMAX_USDT_Perpshort | +0.1332% | 4h | 37.094 | +0.065% | $865 | $127K | 10x | |
| OKX MINIMAX-USDT-SWAP | +0.1408% | 8h | 37.070 | 0.000% | $2.8M | $8.5M | 20x | as long as short |
KuCoin MINIMAXUSDTM
Bitget MINIMAXUSDT
Extended MINIMAX-USD
tradeXYZ xyz:MINIMAX
OKX MINIMAX-USDT-SWAP