Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: GRVT against Binance+0.042%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs+$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$230.230% of the position
Funding, last 7 days+0.270%+$27 on $10k
+Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.042%, 7d avg +0.017%
=Together, before fees+0.171%+ Points / potential airdropGRVT: Active · farm board+$17 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.025% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SPYUSDT | 773.18 | 0 | get 0.0000% / 8h | 7h 45m | $28.5M | $74.8M | 50x |
| Short | GRVT SPY_USDT_Perp | 773.51 | 0 | get 0.0000% / 8h | 7h 45m | $160K | $350K | 10x |
Binance SPYUSDT
GRVT SPY_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Binance. 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
- $0
- Price spread: +0.042% → +0.017%
- $2.53
- Slippage, 4 orders
- −$3.99
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$20.47
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; GRVT: live order book, 52 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 Binance live order book, 12 min ago | 0.06 bp | 5.1 bp −$5 | 5.5 bp −$55 | 11.2 bp −$1,116 | 27.7 bp −$13.9K |
| Sell GRVT live order book, 52 min ago | 1.81 bp | 6.3 bp −$6 | 7.7 bp −$77 | 115.6 bp −$11.6K | doesn't fit |
SPY on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0120% | 8h | 773.25 | +0.009% | $418K | $440K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 772.70 | −0.063% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.25 | +0.009% | $864K | $196K | 20x | as long as short |
| Binance SPYUSDTlong | 0.0000% | 8h | 773.18 | long leg | $28.5M | $74.8M | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 773.17 | −0.002% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.13 | −0.007% | $7.9M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 772.94 | −0.032% | $793K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.19 | +0.001% | $29.6M | $11.6M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 773.31 | +0.016% | $10.9M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perpshort | 0.0000% | 8h | 773.51 | +0.042% | $160K | $350K | 10x |
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 774.36 | +0.152% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 773.96 | +0.100% | $300K | $38K | 50x | as long as short |
| edgeX SPYUSDC | +0.0001% | 4h | 773.14 | −0.005% | $639K | $243K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.25 | +0.009% | $56.7M | $117.4M | 50x | as long as short |
| Nado SPY-PERP | +0.0037% | 1h | 772.64 | −0.070% | $1.5M | $250K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 772.48 | −0.091% | $920K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 771.95 | −0.160% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 772.39 | −0.103% | $4.8M | $848K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.80 | +0.080% | $951K | $508K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0074% | 1h | 772.91 | −0.035% | $23K | $54K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 772.61 | −0.074% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 772.78 | −0.052% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.13 | −0.007% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 772.61 | −0.074% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0128% | 1h | 773.12 | −0.008% | $7.9M | $17.1M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 773.21 | +0.003% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 773.43 | +0.031% | $7.1M | $3.8M | 25x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
edgeX SPYUSDC
Lighter RH SPY
Nado SPY-PERP
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC