Funding you earn now, next payment 08:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.03 per $10,000 · paid last 24h +0.044%
Price spread now: GRVT against Bybit+0.015%80s7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as 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−$270.273% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.015%, 7d avg +0.043%
=Together, before fees+0.163%+ Points / potential airdropGRVT: Active · farm board+$16 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 0.028% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.043%. The two prices were read 80 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 | Bybit SPYUSDT | 774.26 | 0 | get 0.0000% / 8h | 4h 22m | $6.3M | $2.0M | 100x |
| Short | GRVT SPY_USDT_Perp | 774.37 | 0.0003 | get 0.0003% / 8h | 4h 22m | $163K | $374K | 10x |
Bybit SPYUSDT
GRVT SPY_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Bybit. 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
- $0.63
- Price spread: +0.015% → +0.043%
- −$2.79
- Slippage, 4 orders
- −$7.34
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$29.49
- Costs to cover
- 0.273%
- Break-even
- 334.7 days
Slippage from Bybit: live order book, 1 min ago; GRVT: live order book, 35 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 Bybit live order book, 1 min ago | 0.06 bp | 7.1 bp −$7 | 9.6 bp −$96 | 30.7 bp −$3,069 | doesn't fit |
| Sell GRVT live order book, 35 min ago | 1.61 bp | 6.6 bp −$7 | 7.4 bp −$74 | 126.2 bp −$12.6K | 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 | −0.0111% | 8h | 774.31 | +0.006% | $417K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0012% | 1h | 773.48 | −0.101% | $163K | $24K | 50x | as long as short |
| Bybit SPYUSDTlong | 0.0000% | 8h | 774.26 | long leg | $6.3M | $2.0M | 100x | |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.37 | +0.014% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.91 | −0.045% | $776K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.48 | +0.028% | $10.9M | $1.8M | 50x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.66 | −0.077% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.31 | +0.136% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.00 | −0.034% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.51 | +0.032% | $308K | $20K | 50x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
Phoenix SPY
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perpshort | +0.0003% | 8h | 774.37 | +0.015% | $163K | $374K | 10x | |
| MEXC SPY_USDT | +0.0008% | 8h | 774.30 | +0.005% | $26.1M | $12.0M | 100x | as long as short |
| Binance SPYUSDT | +0.0008% | 8h | 774.36 | +0.013% | $28.2M | $79.8M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.59 | −0.087% | $935K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.23 | −0.133% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.47 | −0.102% | $4.8M | $833K | 20x | as long as short |
| Aster SPYUSDT | +0.0056% | 8h | 774.44 | +0.023% | $865K | $196K | 20x | as long as short |
| Lighter RH SPY | +0.0064% | 1h | 774.72 | +0.059% | $56.4M | $114.7M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | −0.027% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0072% | 1h | 774.40 | +0.018% | $8.3M | $19.5M | 50x | as long as short |
| Nado SPY-PERP | +0.0077% | 1h | 774.03 | −0.030% | $1.5M | $280K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.77 | −0.063% | $2.5M | $978K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.27 | +0.001% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.76 | −0.065% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0173% | 1h | 774.38 | +0.016% | $7.0M | $5.0M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.37 | +0.014% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0879% | 4h | 774.10 | −0.020% | $640K | $241K | 20x | as long as short |
MEXC SPY_USDT
Binance SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Aster SPYUSDT
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Lighter SPY
Nado SPY-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC