Funding you earn now, next payment 08:00 UTC+0.0160%/8h= +17.5% APRnext payment +$1.60 per $10,000 · paid last 24h −0.005%
Price spread now: GRVT against BloFin+0.013%7-day average +0.016% · 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−$25as in the Price arb table
costs, in and out, $10k−$250.250% of the position
Funding, last 7 days+0.287%+$29 on $10k
+Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.013%, 7d avg +0.016%
=Together, before fees+0.268%+ Points / potential airdropGRVT: Active · farm board+$27 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SPY-USDT | 774.58 | −0.0102 | get 0.0102% / 8h | 7h 30m | $413K | $571K | 50x |
| Short | GRVT SPY_USDT_Perp | 774.68 | 0.0058 | get 0.0058% / 8h | 7h 30m | $168K | $398K | 10x |
BloFin SPY-USDT
GRVT SPY_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against BloFin. 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
- $33.56
- Price spread: +0.013% → +0.016%
- −$0.33
- Slippage, 4 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $8.23
- Costs to cover
- 0.250%
- Break-even
- 5.3 days
Slippage from BloFin: live order book, 41 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 BloFin live order book, 41 min ago | 0.06 bp | 6.1 bp −$6 | 6.3 bp −$63 | 7.8 bp −$782 | 15.0 bp −$7,494 |
| Sell GRVT live order book, 42 min ago | 1.94 bp | 6.4 bp −$6 | 7.5 bp −$75 | 167.4 bp −$16.7K | 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-USDTlong | −0.0102% | 8h | 774.58 | long leg | $413K | $571K | 50x | |
| Arcus SPY-USD | −0.0016% | 1h | 773.69 | −0.115% | $938K | $1.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.70 | +0.015% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.17 | −0.053% | $780K | $2.3M | 75x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.69 | +0.143% | $2K | $1.5M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.23 | −0.045% | $23K | $55K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.80 | +0.028% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0004% | 8h | 774.52 | −0.008% | $863K | $204K | 20x | as long as short |
| OKX SPY-USDT-SWAP | +0.0005% | 8h | 774.66 | +0.010% | $7.9M | $3.3M | 50x | as long as short |
| MEXC SPY_USDT | +0.0018% | 8h | 774.61 | +0.004% | $29.3M | $11.6M | 100x | as long as short |
Arcus SPY-USD
Bybit SPYUSDT
Gate SPY_USDT
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Aster SPYUSDT
OKX SPY-USDT-SWAP
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SPYUSDT | +0.0018% | 8h | 774.62 | +0.005% | $28.5M | $81.2M | 50x | as long as short |
| Bitget SPYUSDT | +0.0029% | 8h | 774.60 | +0.003% | $11.0M | $2.3M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.33 | −0.032% | $8.2M | $21.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.78 | +0.026% | $57.3M | $113.8M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.32 | −0.163% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.46 | −0.145% | $4.8M | $847K | 20x | as long as short |
| GRVT SPY_USDT_Perpshort | +0.0058% | 8h | 774.68 | +0.013% | $168K | $398K | 10x | |
| Phoenix SPY | +0.0062% | 1h | 773.91 | −0.086% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.075% | $954K | $554K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.95 | −0.081% | $2.5M | $948K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.91 | −0.086% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.56 | −0.003% | $1K | — | 20x | as long as short |
| Nado SPY-PERP | +0.0102% | 1h | 774.13 | −0.058% | $1.5M | $282K | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.06 | −0.067% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.59 | +0.001% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.77 | +0.024% | $6.9M | $5.2M | 25x | as long as short |
| edgeX SPYUSDC | +0.0384% | 4h | 774.49 | −0.011% | $640K | $242K | 20x | as long as short |
Binance SPYUSDT
Bitget SPYUSDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Phoenix SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Nado SPY-PERP
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC