Funding you earn now, next payment 08:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.42 per $10,000 · paid last 24h +0.002%
Price spread now: GRVT against Gate+0.068%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$340.339% of the position
Funding, last 7 days+0.080%+$8 on $10k
+Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.068%, 7d avg +0.044%
=Together, before fees+0.054%+ Points / potential airdropGRVT: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GRVT is 0.025% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SPY_USDT | 774.01 | 0 | get 0.0000% / 8h | 7h 09m | $780K | $2.3M | 75x |
| Short | GRVT SPY_USDT_Perp | 774.54 | 0.0042 | get 0.0042% / 8h | 7h 09m | $160K | $395K | 10x |
Gate SPY_USDT
GRVT SPY_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Gate. 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
- $8.82
- Price spread: +0.068% → +0.044%
- $2.46
- Slippage, 4 orders
- −$9.91
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$22.63
- Costs to cover
- 0.339%
- Break-even
- 25.0 days
Slippage from Gate: live order book, 3 min ago; GRVT: live order book, 63 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 Gate live order book, 3 min ago | 2.45 bp | 10.4 bp −$10 | 15.4 bp −$154 | 64.0 bp −$6,398 | doesn't fit |
| Sell GRVT live order book, 63 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-USDT | −0.0099% | 8h | 774.50 | +0.063% | $414K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.73 | −0.036% | $937K | $1.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.61 | +0.078% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDTlong | 0.0000% | 8h | 774.01 | long leg | $780K | $2.3M | 75x | |
| Bitget SPYUSDT | 0.0000% | 8h | 774.57 | +0.072% | $11.0M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.62 | +0.208% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.74 | +0.094% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0010% | 8h | 774.55 | +0.070% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0013% | 8h | 774.38 | +0.048% | $863K | $204K | 20x | as long as short |
| MEXC SPY_USDT | +0.0021% | 8h | 774.51 | +0.065% | $18.4M | $11.9M | 100x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Bybit SPYUSDT
Bitget SPYUSDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SPYUSDT | +0.0022% | 8h | 774.50 | +0.064% | $28.5M | $81.4M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.26 | +0.032% | $8.3M | $21.7M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.66 | +0.084% | $57.5M | $115.1M | 50x | as long as short |
| GRVT SPY_USDT_Perpshort | +0.0042% | 8h | 774.54 | +0.068% | $160K | $395K | 10x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.18 | −0.107% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.43 | −0.075% | $4.8M | $846K | 20x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 774.05 | +0.005% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.001% | $954K | $554K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.82 | −0.025% | $2.5M | $953K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.86 | −0.019% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.45 | +0.057% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.88 | −0.017% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0112% | 1h | 774.16 | +0.019% | $23K | $55K | 20x | as long as short |
| Nado SPY-PERP | +0.0117% | 1h | 773.93 | −0.010% | $1.5M | $285K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.51 | +0.065% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.63 | +0.080% | $6.9M | $5.2M | 25x | as long as short |
| edgeX SPYUSDC | +0.0993% | 4h | 774.37 | +0.046% | $640K | $241K | 20x | as long as short |
Binance 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
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
Nado SPY-PERP
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC