Funding you earn now, next payment 08:00 UTC+0.0445%/8h= +48.7% APRnext payment +$4.45 per $10,000 · paid last 24h +0.001%
Price spread now: GRVT against Gate−0.007%7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1351.346% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.007%, 7d avg +0.039%
=Together, before fees+0.024%+ Points / potential airdropGRVT: Active · farm board+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.046% cheaper against Gate than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.039%). If the spread goes back, that is −$5 on $10k: about 8 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.024% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.45 per $10,000. 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 | Gate NOW_USDT | 138.22 | 0 | get 0.0000% / 8h | 3h 09m | $249K | $354K | 20x |
| Short | GRVT NOW_USDT_Perp | 138.21 | 0.0445 | get 0.0445% / 8h | 3h 09m | $265 | $147K | 10x |
Gate NOW_USDT
GRVT NOW_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Gate. 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
- $93.45
- Price spread: −0.007% → +0.039%
- −$4.61
- Slippage, 4 orders
- −$110.64
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$45.81
- Costs to cover
- 1.346%
- Break-even
- 10.4 days
Slippage from Gate: live order book, 41 min ago; GRVT: live order book, 38 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 Gate live order book, 41 min ago | 24.61 bp | 37.6 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 38 min ago | 1.81 bp | 29.9 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
NOW on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX NOW-USDT-SWAP | 0.0000% | 8h | 138.12 | −0.072% | $492K | $227K | 20x | as long as short |
| QFEX NOW-USD | 0.0000% | 1h | 138.14 | −0.058% | $1.1M | $1.5M | 10x | as long as short |
| Gate NOW_USDTlong | 0.0000% | 8h | 138.22 | long leg | $249K | $354K | 20x | |
| Bitget NOWUSDT | 0.0000% | 8h | 138.20 | −0.014% | $766K | $254K | 20x | as long as short |
| SunX NOW-USDT | 0.0000% | 8h | 138.25 | +0.022% | $659 | $369K | 10x | as long as short |
| HTX NOW-USDT | 0.0000% | 8h | 138.21 | −0.007% | $5K | $34K | 20x | as long as short |
| Aster NOWUSDT | +0.0030% | 8h | 138.94 | +0.524% | $41K | $995 | 20x | as long as short |
| Lighter NOW | +0.0032% | 1h | 138.16 | −0.043% | $5K | $184 | 5x | as long as short |
| Injective NOW/USDC PERP | +0.0033% | 1h | 139.80 | +1.143% | $3K | $101 | 12x | as long as short |
| Vest NOW-USD-PERP | +0.0046% | 1h | 138.04 | −0.130% | — | — | 25x | as long as short |
OKX NOW-USDT-SWAP
QFEX NOW-USD
Bitget NOWUSDT
SunX NOW-USDT
HTX NOW-USDT
Aster NOWUSDT
Lighter NOW
Injective NOW/USDC PERP
Vest NOW-USD-PERPShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NOWUSDTM | +0.0100% | 8h | 138.06 | −0.116% | $317K | $635K | 20x | as long as short |
| Bybit NOWUSDT | +0.0211% | 8h | 138.17 | −0.036% | $1.6M | $2.7M | 25x | as long as short |
| BloFin NOW-USDT | +0.0213% | 8h | 138.22 | 0.000% | $46K | $17K | 20x | as long as short |
| Binance NOWUSDT | +0.0234% | 8h | 138.24 | +0.014% | $1.8M | $1.4M | 20x | as long as short |
| tradeXYZ xyz:NOW | +0.0289% | 1h | 138.10 | −0.087% | $2.1M | $224K | 10x | as long as short |
| GRVT NOW_USDT_Perpshort | +0.0445% | 8h | 138.21 | −0.007% | $265 | $147K | 10x |
KuCoin NOWUSDTM
Bybit NOWUSDT
BloFin NOW-USDT
Binance NOWUSDT
tradeXYZ xyz:NOW