Funding you earn now, next payment 08:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.09 per $10,000 · paid last 24h −0.024%
Price spread now: GRVT against Bitget−0.014%93s7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as 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−$270.266% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.014%, 7d avg +0.009%
=Together, before fees+0.083%+ Points / potential airdropGRVT: Active · farm board+$8 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 0.023% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.009%. The two prices were read 93 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 | Bitget SPYUSDT | 774.43 | 0 | get 0.0000% / 8h | 6h 25m | $10.9M | $2.1M | 50x |
| Short | GRVT SPY_USDT_Perp | 774.32 | 0.0009 | get 0.0009% / 8h | 6h 25m | $162K | $391K | 10x |
Bitget SPYUSDT
GRVT SPY_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Bitget. 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
- $1.89
- Price spread: −0.014% → +0.009%
- −$2.33
- Slippage, 4 orders
- −$5.58
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$27.02
- Costs to cover
- 0.266%
- Break-even
- 107.1 days
Slippage from Bitget: live order book, 3 min ago; GRVT: live order book, 42 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 Bitget live order book, 3 min ago | 0.06 bp | 6.8 bp −$7 | 9.7 bp −$97 | 10.9 bp −$1,088 | 19.0 bp −$9,516 |
| Sell GRVT live order book, 42 min ago | 1.74 bp | 6.2 bp −$6 | 7.0 bp −$70 | 102.6 bp −$10.3K | doesn't fit |
SPY on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SPYUSDT | 0.0000% | 8h | 774.12 | −0.040% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.81 | −0.080% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDTlong | 0.0000% | 8h | 774.43 | long leg | $10.9M | $2.1M | 50x | |
| SunX SPY-USDT | 0.0000% | 8h | 775.31 | +0.114% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.29 | −0.018% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0003% | 8h | 774.13 | −0.039% | $7.9M | $3.3M | 50x | as long as short |
| GRVT SPY_USDT_Perpshort | +0.0009% | 8h | 774.32 | −0.014% | $162K | $391K | 10x | |
| Aster SPYUSDT | +0.0011% | 8h | 774.33 | −0.012% | $863K | $204K | 20x | as long as short |
| Binance SPYUSDT | +0.0020% | 8h | 774.21 | −0.029% | $28.3M | $80.3M | 50x | as long as short |
| MEXC SPY_USDT | +0.0021% | 8h | 774.20 | −0.030% | $20.3M | $11.8M | 100x | as long as short |
Bybit SPYUSDT
Gate SPY_USDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDT
Binance SPYUSDT
MEXC SPY_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPY | +0.0032% | 1h | 774.20 | −0.030% | $8.3M | $21.4M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.31 | −0.145% | $935K | $1.4M | 50x | as long as short |
| Phoenix SPY | +0.0041% | 1h | 773.93 | −0.065% | $161K | $296K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.06 | −0.177% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.32 | −0.143% | $4.8M | $842K | 20x | as long as short |
| Lighter RH SPY | +0.0056% | 1h | 774.64 | +0.027% | $57.0M | $113.6M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 774.14 | −0.037% | $955K | $555K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.60 | −0.107% | $2.5M | $937K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.72 | −0.092% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.10 | −0.043% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.65 | −0.101% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0119% | 1h | 773.88 | −0.071% | $1.5M | $288K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0125% | 1h | 774.08 | −0.045% | $23K | $55K | 20x | as long as short |
| RISEx SPY/USDC | +0.0190% | 1h | 774.33 | −0.014% | $7.0M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.21 | −0.029% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0609% | 4h | 774.10 | −0.042% | $640K | $240K | 20x | as long as short |
Lighter SPY
Arcus SPY-USD
Phoenix SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Lighter RH SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
Deribit SPY_USDC-PERPETUAL
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC