NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.90 per $10,000 · paid last 24h −0.001%

Price spread now: Bybit against GRVT+0.042%90s7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$207as 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−$2052.051% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)−0.005%−$1 · spread now +0.042%, 7d avg +0.011%

Together, before fees−0.029%+ Points / potential airdropGRVT: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.031% dearer against GRVT than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of +0.011%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.024% in total) that is about 9.2 days. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NOW_USDT_Perp	138.86	0.0332	pay 0.0332% / 8h	2h 18m	$640	$145K	10x
Short	Bybit NOWUSDT	138.92	0.0242	get 0.0242% / 8h	2h 18m	$1.6M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GRVTbpFee BybitbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$18.91
Price spread: +0.042% → +0.011%: $3.11
Slippage, 4 orders: −$185.06
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$220.86
Costs to cover: 2.051%
Break-even: never at this rate

Slippage from GRVT: live order book, 25 min ago; Bybit: live order book, 4 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, 25 min ago	2.89 bp	38.6 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.72 bp	89.2 bp −$89	170.7 bp −$1,707	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	138.85	−0.009%	$495K	$231K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.74	−0.088%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.82	−0.030%	$253K	$349K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	138.82	−0.030%	$769K	$254K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.86	−0.001%	$987	$355K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.86	−0.001%	$5K	$35K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.76	−0.073%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.675%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	138.77	−0.066%	—	—	25x	as long as short
Aster NOWUSDT	+0.0047%	8h	138.97	+0.077%	$41K	$995	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	+0.0100%	8h	138.64	−0.160%	$319K	$628K	20x	as long as short
BloFin NOW-USDT	+0.0195%	8h	138.99	+0.092%	$46K	$18K	20x	as long as short
Binance NOWUSDT	+0.0212%	8h	138.84	−0.014%	$1.8M	$1.5M	20x	as long as short
tradeXYZ xyz:NOW	+0.0228%	1h	138.72	−0.102%	$2.1M	$227K	10x	as long as short
Bybit NOWUSDTshort	+0.0242%	8h	138.92	+0.042%	$1.6M	$1.8M	25x
GRVT NOW_USDT_Perplong	+0.0332%	8h	138.86	long leg	$640	$145K	10x