Funding you earn now, next payment 00:00 UTC+0.0225%/8h= +24.7% APRnext payment +$1.13 per $10,000 · paid last 24h +0.050%
Price spread now: Binance against GRVT−0.363%79s7-day average +0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as 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−$1241.238% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 2 days (all we have)+0.596%+$60 · spread now −0.363%, 7d avg +0.101%
=Together, before fees+0.676%+ Points / potential airdropGRVT: Active · farm board+$68 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.464% cheaper against GRVT than usual: you would sell low and buy high (spread −0.363% now, against its 7-day average of +0.101%). If the spread goes back, that is −$46 on $10k: about 6.9 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.081% in total) that is about 40 days. The two prices were read 79 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 0.081% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.13 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 | GRVT MINIMAX_USDT_Perp | 39.784 | 0.2596 | pay 0.1298% / 4h | 1h 18m | $130 | $139K | 10x |
| Short | Binance MINIMAXUSDT | 39.640 | 0.2821 | get 0.1411% / 4h | 1h 18m | $6.3M | $35.2M | 25x |
GRVT MINIMAX_USDT_Perp
Binance MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $47.31
- Price spread: −0.363% → +0.101%
- −$46.39
- Slippage, 4 orders
- −$104.81
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$122.9
- Costs to cover
- 1.238%
- Break-even
- 25.2 days
Slippage from GRVT: live order book, 63 min ago; Binance: live order book, 8 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 GRVT live order book, 63 min ago | 3.79 bp | 38.4 bp −$38 | 77.6 bp −$776 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 1.26 bp | 15.4 bp −$15 | 39.6 bp −$396 | 202.3 bp −$20.2K | 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 | 39.680 | −0.262% | $16 | $3.9M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 39.712 | −0.182% | $37K | $70K | 20x | as long as short |
| Gate MINIMAX_USDT | +0.0034% | 8h | 39.660 | −0.312% | $1.2M | $6.3M | 50x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 39.635 | −0.375% | $99K | $4K | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0369% | 8h | 39.615 | −0.425% | $34K | $152K | 20x | as long as short |
| Lighter MINIMAX | +0.0384% | 1h | 39.704 | −0.202% | $46K | $27K | 10x | as long as short |
| Aevo MINIMAX-PERP | +0.0920% | 1h | 39.673 | −0.279% | — | — | 10x | as long as short |
| Bybit MINIMAXUSDT | +0.1064% | 8h | 39.640 | −0.363% | $938K | $1.4M | 25x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.1338% | 1h | 39.614 | −0.428% | $4.6M | $2.9M | 10x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1711% | 8h | 39.660 | −0.312% | $1.6M | $9.6M | 20x | as long as short |
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Gate MINIMAX_USDT
SoDEX MINIMAX-USD
Aster MINIMAXUSDT
Lighter MINIMAX
Aevo MINIMAX-PERP
Bybit MINIMAXUSDT
tradeXYZ xyz:MINIMAX
OKX MINIMAX-USDT-SWAPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MINIMAXUSDT | +0.1753% | 8h | 39.636 | −0.373% | $1.3M | $2.8M | 20x | as long as short |
| KuCoin MINIMAXUSDTM | +0.1966% | 4h | 39.630 | −0.388% | $100K | $44K | 20x | as long as short |
| edgeX MINIMAXUSDC | +0.2235% | 4h | 39.764 | −0.051% | $30K | $187K | 10x | as long as short |
| GRVT MINIMAX_USDT_Perplong | +0.2596% | 4h | 39.784 | long leg | $130 | $139K | 10x | |
| Binance MINIMAXUSDTshort | +0.2821% | 4h | 39.640 | −0.363% | $6.3M | $35.2M | 25x | |
| Extended MINIMAX-USD | +0.2824% | 1h | 39.632 | −0.382% | $3K | — | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.3136% | 1h | 39.480 | −0.765% | $30K | $48K | 5x | as long as short |
Bitget MINIMAXUSDT
KuCoin MINIMAXUSDTM
edgeX MINIMAXUSDC
Extended MINIMAX-USD
Ondo Perps MINIMAX-USD.P