Funding you earn now, next payment 08:00 UTC−0.0477%/8h= −52.2% APRnext payment −$4.77 per $10,000 · paid last 24h −0.001%
Price spread now: Bitget against GRVT+0.048%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$750.749% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)+0.197%+$20 · spread now +0.048%, 7d avg −0.019%
=Together, before fees+0.173%+ Points / potential airdropGRVT: Active · farm board+$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.067% dearer against GRVT than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of −0.019%): +$7 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.024% in total) that is about 20 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 −$4.77 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 | GRVT NOW_USDT_Perp | 137.88 | 0.0477 | pay 0.0477% / 8h | 6h 27m | $558 | $154K | 10x |
| Short | Bitget NOWUSDT | 137.95 | 0 | get 0.0000% / 8h | 6h 27m | $781K | $234K | 20x |
GRVT NOW_USDT_Perp
Bitget NOWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$100.17
- Price spread: +0.048% → −0.019%
- $6.75
- Slippage, 4 orders
- −$53.85
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$168.28
- Costs to cover
- 0.749%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 35 min ago; Bitget: 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 GRVT live order book, 35 min ago | 4.34 bp | 25.5 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 38 min ago | 5.78 bp | 19.5 bp −$20 | 42.1 bp −$421 | doesn't fit | doesn't fit |
NOW on 15 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 NOWUSDT | 0.0000% | 8h | 138.02 | +0.098% | $41K | $995 | 20x | as long as short |
| OKX NOW-USDT-SWAP | 0.0000% | 8h | 137.94 | +0.041% | $488K | $227K | 20x | as long as short |
| QFEX NOW-USD | 0.0000% | 1h | 137.65 | −0.170% | $1.1M | $2.0M | 10x | as long as short |
| Gate NOW_USDT | 0.0000% | 8h | 137.86 | −0.017% | $245K | $370K | 20x | as long as short |
| Bitget NOWUSDTshort | 0.0000% | 8h | 137.95 | +0.048% | $781K | $234K | 20x | |
| SunX NOW-USDT | 0.0000% | 8h | 137.92 | +0.026% | $1K | $402K | 10x | as long as short |
| HTX NOW-USDT | 0.0000% | 8h | 137.94 | +0.041% | $5K | $29K | 20x | as long as short |
| Lighter NOW | +0.0032% | 1h | 137.80 | −0.061% | $5K | $173 | 5x | as long as short |
| Injective NOW/USDC PERP | +0.0033% | 1h | 139.80 | +1.390% | $3K | $101 | 12x | as long as short |
| Vest NOW-USD-PERP | +0.0046% | 1h | 137.66 | −0.162% | — | — | 25x | as long as short |
Aster NOWUSDT
OKX NOW-USDT-SWAP
QFEX NOW-USD
Gate NOW_USDT
SunX NOW-USDT
HTX NOW-USDT
Lighter NOW
Injective NOW/USDC PERP
Vest NOW-USD-PERPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NOWUSDTM | +0.0100% | 8h | 137.62 | −0.191% | $316K | $653K | 20x | as long as short |
| Binance NOWUSDT | +0.0112% | 8h | 137.91 | +0.019% | $1.8M | $1.5M | 20x | as long as short |
| Bybit NOWUSDT | +0.0154% | 8h | 137.88 | −0.003% | $1.5M | $5.5M | 25x | as long as short |
| tradeXYZ xyz:NOW | +0.0314% | 1h | 137.72 | −0.119% | $2.1M | $229K | 10x | as long as short |
| GRVT NOW_USDT_Perplong | +0.0477% | 8h | 137.88 | long leg | $558 | $154K | 10x |
KuCoin NOWUSDTM
Binance NOWUSDT
Bybit NOWUSDT
tradeXYZ xyz:NOW