Funding you earn now, next payment 06:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h +0.056%
Price spread now: tradeXYZ against GRVT−0.085%46s7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as 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−$1011.009% of the position
Funding, last 7 days+0.254%+$25 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.085%, 7d avg −0.052%
=Together, before fees+0.302%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board+$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and tradeXYZ is 0.033% cheaper against GRVT than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.052%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.254%, so the current rate has only just turned against you. The two prices were read 46 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 | 138.92 | 0.0321 | pay 0.0321% / 8h | 2h 10m | $629 | $144K | 10x |
| Short | tradeXYZ xyz:NOW | 138.80 | 0.0237 | get 0.0030% / 1h | 10m 50s | $2.1M | $227K | 10x |
GRVT NOW_USDT_Perp
tradeXYZ xyz:NOWFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$17.63
- Price spread: −0.085% → −0.052%
- −$3.33
- Slippage, 4 orders
- −$73.92
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$121.87
- Costs to cover
- 1.009%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 32 min ago; tradeXYZ: live order book, 7 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, 32 min ago | 2.89 bp | 38.6 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 7 min ago | 4.69 bp | 21.9 bp −$22 | 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 | 138.85 | −0.049% | $495K | $232K | 20x | as long as short |
| QFEX NOW-USD | 0.0000% | 1h | 138.76 | −0.114% | $1.1M | $1.4M | 10x | as long as short |
| Gate NOW_USDT | 0.0000% | 8h | 138.88 | −0.027% | $253K | $350K | 20x | as long as short |
| Bitget NOWUSDT | 0.0000% | 8h | 138.71 | −0.150% | $769K | $254K | 20x | as long as short |
| SunX NOW-USDT | 0.0000% | 8h | 138.92 | +0.002% | $1K | $355K | 10x | as long as short |
| HTX NOW-USDT | 0.0000% | 8h | 138.89 | −0.020% | $5K | $35K | 20x | as long as short |
| Lighter NOW | +0.0032% | 1h | 138.75 | −0.121% | $5K | $171 | 5x | as long as short |
| Injective NOW/USDC PERP | +0.0033% | 1h | 139.80 | +0.635% | $3K | $101 | 12x | as long as short |
| Vest NOW-USD-PERP | +0.0046% | 1h | 138.80 | −0.085% | — | — | 25x | as long as short |
| Aster NOWUSDT | +0.0049% | 8h | 139.31 | +0.285% | $41K | $995 | 20x | as long as short |
OKX NOW-USDT-SWAP
QFEX NOW-USD
Gate NOW_USDT
Bitget NOWUSDT
SunX NOW-USDT
HTX NOW-USDT
Lighter NOW
Injective NOW/USDC PERP
Vest NOW-USD-PERP
Aster NOWUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NOWUSDTM | +0.0100% | 8h | 138.73 | −0.135% | $319K | $628K | 20x | as long as short |
| BloFin NOW-USDT | +0.0189% | 8h | 138.89 | −0.020% | $46K | $18K | 20x | as long as short |
| Binance NOWUSDT | +0.0210% | 8h | 138.88 | −0.027% | $1.8M | $1.5M | 20x | as long as short |
| tradeXYZ xyz:NOWshort | +0.0237% | 1h | 138.80 | −0.085% | $2.1M | $227K | 10x | |
| Bybit NOWUSDT | +0.0247% | 8h | 138.96 | +0.030% | $1.6M | $1.7M | 25x | as long as short |
| GRVT NOW_USDT_Perplong | +0.0321% | 8h | 138.92 | long leg | $629 | $144K | 10x |
KuCoin NOWUSDTM
BloFin NOW-USDT
Binance NOWUSDT
Bybit NOWUSDT