Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.081%
Price spread now: GRVT against Arcus+0.051%54s7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$360.361% of the position
Funding, last 4 days (all we have)−0.150%−$15 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.051%, 7d avg +0.035%
=Together, before fees−0.219%+ Points / potential airdropGRVT: Active · farm board−$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.035%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 54 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 | Arcus MSFT-USD | 501.04 | 0.0040 | pay 0.0005% / 1h | 57m 55s | $96K | $111K | 10x |
| Short | GRVT MSFT_USDT_Perp | 501.29 | 0 | get 0.0000% / 8h | 3h 57m | $19K | $301K | 10x |
Arcus MSFT-USD
GRVT MSFT_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Arcus. 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
- −$8.46
- Price spread: +0.051% → +0.035%
- $1.6
- Slippage, 4 orders
- −$22.6
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$42.95
- Costs to cover
- 0.361%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 60 min ago; GRVT: live order book, 59 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 Arcus live order book, 60 min ago | 3.29 bp | 8.6 bp −$9 | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 59 min ago | 1.20 bp | 8.2 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
MSFT on 34 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0907% | 4h | 501.26 | +0.045% | $102K | $244K | 10x | as long as short |
| Nado MSFT-PERP | −0.0119% | 1h | 501.20 | +0.032% | $414K | $64K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.0050% | 1h | 500.88 | −0.032% | $22.0M | $8.7M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.0049% | 1h | 500.96 | −0.016% | $27K | $42K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 500.97 | −0.014% | $677K | $450K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.22 | +0.036% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.22 | +0.036% | $337K | $887K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.36 | +0.064% | $15.8M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.06 | +0.004% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.52 | +0.096% | $3.0M | $2.3M | 20x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
tradeXYZ xyz:MSFT
Deribit MSFT_USDC-PERPETUAL
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MSFT_USDT | 0.0000% | 8h | 501.17 | +0.026% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.29 | +0.050% | $4.5M | $2.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.27 | +0.045% | $1.3M | $609K | — | as long as short |
| GRVT MSFT_USDT_Perpshort | 0.0000% | 8h | 501.29 | +0.051% | $19K | $301K | 10x | |
| SunX MSFT-USDT | 0.0000% | 8h | 502.12 | +0.216% | $6K | $4.0M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.16 | +0.024% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.46 | +0.084% | $2.2M | $769K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0010% | 8h | 501.36 | +0.064% | $189K | $204K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0024% | 1h | 500.90 | −0.028% | $32K | $8K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.08 | +0.008% | $677K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 501.24 | +0.040% | $1.1M | $4.9M | 10x | as long as short |
| Lighter MSFT | +0.0040% | 1h | 501.37 | +0.066% | $1.1M | $498K | 20x | as long as short |
| Arcus MSFT-USDlong | +0.0040% | 1h | 501.04 | long leg | $96K | $111K | 10x | |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.37 | +0.066% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 501.08 | +0.008% | $10K | $15K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.98 | −0.012% | $302K | $697K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.15 | +0.022% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.85 | −0.038% | $527K | $443K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0055% | 8h | 501.26 | +0.043% | $221 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 500.97 | −0.014% | $1.5M | $20K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.08 | +0.008% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.20 | +0.032% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.22 | +0.036% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.70 | +0.331% | $115K | $45K | 30x | as long as short |
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Hotstuff MSFT-PERP
Lighter RH MSFT
QFEX MSFT-USD
Lighter MSFT
Vest MSFT-USD-PERP
Phoenix MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP