Funding you earn now, next payment 04:00 UTC+0.0256%/8h= +28.0% APRpaid last 24h +0.078%
Price spread now: GRVT against tradeXYZ+0.067%46s7-day average +0.147% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as 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−$600.601% of the position
Funding, last 7 days+0.176%+$18 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.067%, 7d avg +0.147%
=Together, before fees+0.146%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.080% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.067% now, against its 7-day average of +0.147%). If the spread goes back, that is −$8 on $10k: about 25 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.176% in total) that is about 3.2 days. The two prices were read 46 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 0.176% in total (about 9.2% 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 | tradeXYZ xyz:NFLX | 73.541 | 0.0050 | pay 0.0006% / 1h | 36m 37s | $4.9M | $2.9M | 10x |
| Short | GRVT NFLX_USDT_Perp | 73.590 | 0.0306 | get 0.0306% / 8h | 4h 36m | $634 | $144K | 10x |
tradeXYZ xyz:NFLX
GRVT NFLX_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
- $53.76
- Price spread: +0.067% → +0.147%
- −$8.04
- Slippage, 4 orders
- −$33.14
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$14.42
- Costs to cover
- 0.601%
- Break-even
- 8.9 days
Slippage from tradeXYZ: live order book, 2 min ago; GRVT: live order book, 20 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, 2 min ago | 1.09 bp | 14.7 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 20 min ago | 2.04 bp | 15.1 bp −$15 | 41.2 bp −$412 | doesn't fit | doesn't fit |
NFLX on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NFLXUSDT | 0.0000% | 8h | 73.551 | +0.014% | $11K | $5K | 20x | as long as short |
| OKX NFLX-USDT-SWAP | 0.0000% | 8h | 73.640 | +0.135% | $880K | $835K | 20x | as long as short |
| QFEX NFLX-USD | 0.0000% | 1h | 73.540 | −0.001% | $1.1M | $1.4M | 10x | as long as short |
| Bitget NFLXUSDT | 0.0000% | 8h | 73.610 | +0.094% | $4.3M | $559K | 50x | as long as short |
| SunX NFLX-USDT | 0.0000% | 8h | 73.612 | +0.097% | $2K | $4.6M | 10x | as long as short |
| HTX NFLX-USDT | 0.0000% | 8h | 73.551 | +0.014% | $10K | $53K | 20x | as long as short |
| Phemex NFLXUSDT | 0.0000% | 8h | 73.590 | +0.067% | $1.4M | $325K | 10x | as long as short |
| Vest NFLX-USD-PERP | +0.0046% | 1h | 73.540 | −0.001% | — | $21K | 25x | as long as short |
| Gate NFLX_USDT | +0.0047% | 8h | 73.640 | +0.135% | $1.4M | $1.2M | 25x | as long as short |
| Extended NFLX-USD | +0.0048% | 1h | 73.535 | −0.009% | $16K | $29K | 10x | as long as short |
Aster NFLXUSDT
OKX NFLX-USDT-SWAP
QFEX NFLX-USD
Bitget NFLXUSDT
SunX NFLX-USDT
HTX NFLX-USDT
Phemex NFLXUSDT
Vest NFLX-USD-PERP
Gate NFLX_USDT
Extended NFLX-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:NFLXlong | +0.0050% | 1h | 73.541 | long leg | $4.9M | $2.9M | 10x | |
| Ondo Perps NFLX-USD.P | +0.0050% | 1h | 73.550 | +0.012% | $65K | $140K | 10x | as long as short |
| KuCoin NFLXUSDTM | +0.0100% | 8h | 73.550 | +0.012% | $151K | $37K | 20x | as long as short |
| Aevo NFLX-PERP | +0.0104% | 1h | 73.606 | +0.088% | $225 | — | 10x | as long as short |
| Variational Omni NFLX | +0.0203% | 8h | 73.576 | +0.048% | $94K | $130K | — | as long as short |
| Binance NFLXUSDT | +0.0209% | 8h | 73.600 | +0.080% | $5.4M | $5.4M | 20x | as long as short |
| Injective NFLX/USDC PERP | +0.0220% | 1h | 77.920 | +5.955% | $87K | $90K | 12x | as long as short |
| Phoenix NFLX | +0.0239% | 1h | 73.570 | +0.039% | $12K | $77K | 10x | as long as short |
| GRVT NFLX_USDT_Perpshort | +0.0306% | 8h | 73.590 | +0.067% | $634 | $144K | 10x | |
| BloFin NFLX-USDT | +0.0349% | 8h | 73.560 | +0.026% | $47K | $81K | 20x | as long as short |
| Bybit NFLXUSDT | +0.0394% | 8h | 73.640 | +0.135% | $1.3M | $876K | 50x | as long as short |
Ondo Perps NFLX-USD.P
KuCoin NFLXUSDTM
Aevo NFLX-PERP
Variational Omni NFLX
Binance NFLXUSDT
Injective NFLX/USDC PERP
Phoenix NFLX
BloFin NFLX-USDT
Bybit NFLXUSDT