Funding you earn now, next payment 12:00 UTC−0.0488%/8h= −53.5% APRpaid last 24h −0.109%
Price spread now: Bybit against GRVT+0.028%50s7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$196as 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−$1811.814% of the position
Funding, last 7 days−0.146%−$15 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.028%, 7d avg +0.041%
=Together, before fees−0.164%+ Points / potential airdropGRVT: Active · farm board−$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate. The two prices were read 50 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 -0.146% in total (about -7.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT MINIMAX_USDT_Perp | 36.979 | 0.0786 | pay 0.0393% / 4h | 8m 44s | $375 | $109K | 10x |
| Short | Bybit MINIMAXUSDT | 36.990 | 0.0298 | get 0.0298% / 8h | 4h 08m | $953K | $891K | 25x |
GRVT MINIMAX_USDT_Perp
Bybit MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$102.52
- Price spread: +0.028% → +0.041%
- −$1.25
- Slippage, 4 orders
- −$161.42
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$285.19
- Costs to cover
- 1.814%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 31 min ago; Bybit: 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 GRVT live order book, 31 min ago | 4.06 bp | 36.9 bp −$37 | 67.0 bp −$670 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 30 min ago | 2.70 bp | 52.1 bp −$52 | 543.1 bp −$5,431 | doesn't fit | doesn't fit |
MINIMAX on 17 exchanges
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 | 36.980 | +0.001% | $15 | $1.1M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 36.970 | −0.026% | $51K | $267K | 20x | as long as short |
| Lighter MINIMAX | +0.0032% | 1h | 36.955 | −0.066% | $41K | $11K | 10x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0050% | 1h | 36.928 | −0.139% | $5.0M | $3.4M | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 36.950 | −0.080% | $93K | $3K | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0051% | 8h | 36.956 | −0.065% | $34K | $5K | 20x | as long as short |
| edgeX MINIMAXUSDC | +0.0163% | 4h | 36.959 | −0.055% | $28K | $181K | 10x | as long as short |
| Bybit MINIMAXUSDTshort | +0.0298% | 8h | 36.990 | +0.028% | $953K | $891K | 25x | |
| Aevo MINIMAX-PERP | +0.0320% | 1h | 36.954 | −0.069% | — | — | 10x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0336% | 4h | 36.960 | −0.053% | $112K | $307K | 20x | as long as short |
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
tradeXYZ xyz:MINIMAX
SoDEX MINIMAX-USD
Aster MINIMAXUSDT
edgeX MINIMAXUSDC
Aevo MINIMAX-PERP
KuCoin MINIMAXUSDTMShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MINIMAX-USD.P | +0.0553% | 1h | 36.980 | +0.001% | $22K | $55K | 5x | as long as short |
| Bitget MINIMAXUSDT | +0.0738% | 8h | 36.956 | −0.064% | $1.2M | $2.7M | 20x | as long as short |
| GRVT MINIMAX_USDT_Perplong | +0.0786% | 4h | 36.979 | long leg | $375 | $109K | 10x | |
| Binance MINIMAXUSDT | +0.0855% | 4h | 36.950 | −0.080% | $6.3M | $29.3M | 25x | as long as short |
| Extended MINIMAX-USD | +0.0880% | 1h | 36.937 | −0.116% | $3K | $920 | 10x | as long as short |
| Gate MINIMAX_USDT | +0.1029% | 8h | 36.990 | +0.028% | $1.3M | $2.9M | 50x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1166% | 8h | 37.000 | +0.055% | $2.8M | $8.2M | 20x | as long as short |
Ondo Perps MINIMAX-USD.P
Bitget MINIMAXUSDT
Binance MINIMAXUSDT
Extended MINIMAX-USD
Gate MINIMAX_USDT
OKX MINIMAX-USDT-SWAP