Funding you earn now, next payment 12:00 UTC−0.0903%/8h= −98.9% APRpaid last 24h +0.045%
Price spread now: OKX against GRVT−0.158%101s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and OKX is 0.158% cheaper against GRVT than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 101 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 -0.037% in total (about -2.1% a year). A funding rate is set anew for every payment. 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 NAVER_USDT_Perp | 147.36 | 0 | get 0.0000% / 4h | 3h 37m | $877 | $111K | 10x |
| Short | OKX NAVER-USDT-SWAP | 147.13 | −0.0903 | pay 0.0903% / 8h | 7h 37m | $11K | $34K | 20x |
GRVT NAVER_USDT_Perp
OKX NAVER-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$189.62
- Price spread: −0.158% → 0.000%
- −$15.76
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$224.37
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 54 min ago; OKX: no order-book sample. Net counts fees only.
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, 54 min ago | 3.39 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX no order-book sample | — | — | — | — | — |
OKX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
NAVER on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget NAVERUSDT | −0.3319% | 8h | 147.26 | −0.069% | $58K | $289K | 20x | as long as short |
| OKX NAVER-USDT-SWAPshort | −0.0903% | 8h | 147.13 | −0.158% | $11K | $34K | 20x | |
| edgeX NAVERUSDC | −0.0698% | 4h | 147.25 | −0.079% | $7K | $206K | 10x | as long as short |
| Binance NAVERUSDT | −0.0038% | 4h | 147.33 | −0.022% | $109K | $214K | 20x | as long as short |
| Bybit NAVERUSDT | 0.0000% | 8h | 147.35 | −0.008% | $20K | $16K | 25x | as long as short |
| Gate NAVER_USDT | 0.0000% | 4h | 147.58 | +0.148% | $78K | $28K | 20x | as long as short |
| GRVT NAVER_USDT_Perplong | 0.0000% | 4h | 147.36 | long leg | $877 | $111K | 10x | |
| HTX NAVER-USDT | 0.0000% | 4h | 146.74 | −0.422% | $5K | $379K | 10x | as long as short |
Bitget NAVERUSDT
edgeX NAVERUSDC
Binance NAVERUSDT
Bybit NAVERUSDT
Gate NAVER_USDT
HTX NAVER-USDT