Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.005%
Price spread now: Bybit against GRVT+2.885%110s7-day average +2.925% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.095%−$10 on $10k
+Price spread, last 3 days (all we have)−0.020%−$2 · spread now +2.885%, 7d avg +2.925%
=Together, before fees−0.115%+ Points / potential airdropGRVT: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.040% cheaper against GRVT than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +2.925%). Swap the legs. The two prices were read 110 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 OPENAI_USDT_Perp | 1,621.8 | 0.0050 | pay 0.0050% / 8h | 1h 31m | $2K | $152K | 10x |
| Short | Bybit OPENAIUSDT | 1,668.6 | 0 | get 0.0000% / 8h | 1h 31m | $760K | $225K | 25x |
GRVT OPENAI_USDT_Perp
Bybit OPENAIUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.5
- Price spread: +2.885% → +2.925%
- −$3.97
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$34.47
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 50 min ago; Bybit: live order book, 48 min ago. Net counts fees only.
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, 50 min ago | 1.70 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 48 min ago | 18.03 bp | 71.7 bp −$72 | 478.5 bp −$4,785 | doesn't fit | doesn't fit |
OPENAI on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit OPENAI_USDC-PERPETUAL | −0.0689% | 1h | 1,619.8 | −0.124% | — | $3 | 5x | as long as short |
| QFEX OPENAI-USD | −0.0005% | 1h | 1,618.9 | −0.180% | $1.2M | $385K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,694.2 | +4.459% | $1.4M | $290K | 5x | as long as short |
| Bybit OPENAIUSDTshort | 0.0000% | 8h | 1,668.6 | +2.885% | $760K | $225K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,652.3 | +1.878% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,616.1 | −0.354% | $52.5M | $40.7M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,621.2 | −0.043% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,621.1 | −0.046% | — | $2.6M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,619.1 | −0.168% | $78K | $213K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,618.7 | −0.195% | $1.6M | $579K | 10x | as long as short |
Deribit OPENAI_USDC-PERPETUAL
QFEX OPENAI-USD
Lighter OPENAI
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,664.9 | +2.654% | $2.6M | $6.3M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,618.6 | −0.197% | $131K | $670K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,625.7 | +0.237% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,618.9 | −0.180% | $23.0M | $20.7M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,619 | −0.178% | $12.9M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,636.1 | +0.880% | $377K | $64K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,622.2 | +0.022% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perplong | +0.0050% | 8h | 1,621.8 | long leg | $2K | $152K | 10x | |
| BloFin OPENAI-USDT | +0.0061% | 8h | 1,619.6 | −0.136% | $472K | $295K | 20x | as long as short |
| Entropy io:OAI | +0.0088% | 1h | 1,661.3 | +2.433% | $7.3M | $2.2M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,619.4 | −0.152% | — | — | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0456% | 1h | 1,620.2 | −0.100% | $235K | $136K | 5x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
BloFin OPENAI-USDT
Entropy io:OAI
Aevo OPENAI-PERP
Coinbase International OPENAI-PERP-INTX