Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.013%
Price spread now: GRVT against tradeXYZ+0.114%7-day average +0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$360.362% of the position
Funding, last 7 days−0.068%−$7 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.114%, 7d avg +0.107%
=Together, before fees−0.073%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.107%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MSFT | 503.68 | 0.0050 | pay 0.0006% / 1h | 5m 10s | $22.4M | $9.0M | 20x |
| Short | GRVT MSFT_USDT_Perp | 504.25 | 0 | get 0.0000% / 8h | 2h 05m | $18K | $324K | 10x |
tradeXYZ xyz:MSFT
GRVT MSFT_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
- −$10.5
- Price spread: +0.114% → +0.107%
- $0.72
- Slippage, 4 orders
- −$9.23
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$46.01
- Costs to cover
- 0.362%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 3 min ago; GRVT: live order book, 42 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, 3 min ago | 0.10 bp | 9.6 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 42 min ago | 1.19 bp | 8.3 bp −$8 | 17.6 bp −$176 | 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 | −0.0149% | 4h | 504.25 | +0.114% | $103K | $243K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 503.75 | +0.014% | $683K | $494K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.0016% | 1h | 503.66 | −0.004% | $32K | $8K | 20x | as long as short |
| Nado MSFT-PERP | −0.0016% | 1h | 503.79 | +0.022% | $415K | $68K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.85 | +0.034% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.01 | +0.066% | $338K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.16 | +0.096% | $15.8M | $19.6M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.86 | +0.036% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.10 | +0.083% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.93 | +0.050% | $3.1M | $1.8M | 100x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Hotstuff MSFT-PERP
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 504.17 | +0.097% | $3.8M | $3.0M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 504.10 | +0.083% | $1.3M | $499K | — | as long as short |
| GRVT MSFT_USDT_Perpshort | 0.0000% | 8h | 504.25 | +0.114% | $18K | $324K | 10x | |
| SunX MSFT-USDT | 0.0000% | 8h | 504.95 | +0.252% | $6K | $3.9M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.06 | +0.075% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.35 | +0.133% | $2.2M | $815K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0006% | 8h | 504.19 | +0.101% | $188K | $207K | 20x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 503.87 | +0.038% | $11K | $15K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.90 | +0.044% | $711K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 504.09 | +0.081% | $1.1M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.94 | +0.052% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.04 | +0.071% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFTlong | +0.0050% | 1h | 503.68 | long leg | $22.4M | $9.0M | 20x | |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.76 | +0.016% | $303K | $717K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.04 | +0.071% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.83 | +0.030% | $522K | $476K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0059% | 8h | 503.98 | +0.059% | $222 | — | 5x | as long as short |
| Lighter MSFT | +0.0088% | 1h | 504.11 | +0.085% | $1.2M | $516K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.60 | −0.016% | $1.6M | $57K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.67 | −0.002% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.03 | +0.069% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.08 | +0.079% | $55 | — | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0107% | 1h | 503.87 | +0.038% | $27K | $43K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.48 | +0.159% | $116K | $45K | 30x | as long as short |
Bitget MSFTUSDT
Variational Omni MSFT
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Phoenix MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Lighter MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Deribit MSFT_USDC-PERPETUAL
Injective MSFT/USDC PERP