Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%
Price spread now: Bitget against GRVT+0.039%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$270.269% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.039%, 7d avg −0.008%
=Together, before fees−0.133%+ Points / potential airdropGRVT: Active · farm board−$13 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: Bitget is 0.046% dearer against GRVT than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT SPY_USDT_Perp | 773.53 | 0 | get 0.0000% / 8h | 7h 11m | $165K | $340K | 10x |
| Short | Bitget SPYUSDT | 773.83 | 0 | get 0.0000% / 8h | 7h 11m | $11.0M | $1.5M | 50x |
GRVT SPY_USDT_Perp
Bitget SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against GRVT. 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: +0.039% → −0.008%
- $4.62
- Slippage, 4 orders
- −$5.87
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$22.25
- Costs to cover
- 0.269%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 21 min ago; Bitget: live order book, 2 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 GRVT live order book, 21 min ago | 1.68 bp | 6.2 bp −$6 | 6.8 bp −$68 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 0.06 bp | 6.8 bp −$7 | 8.2 bp −$82 | 19.3 bp −$1,931 | 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 | 773.62 | +0.011% | $413K | $410K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 773.09 | −0.057% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.24 | −0.038% | $861K | $199K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 773.87 | +0.044% | $28.5M | $75.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 773.88 | +0.045% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.80 | +0.035% | $7.8M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.48 | −0.007% | $792K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.87 | +0.044% | $19.1M | $12.2M | 100x | as long as short |
| Bitget SPYUSDTshort | 0.0000% | 8h | 773.83 | +0.039% | $11.0M | $1.5M | 50x | |
| GRVT SPY_USDT_Perplong | 0.0000% | 8h | 773.53 | long leg | $165K | $340K | 10x |
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 775.03 | +0.194% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 773.39 | −0.018% | $300K | $38K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0021% | 1h | 773.70 | +0.022% | $23K | $55K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.13 | +0.077% | $56.8M | $120.6M | 50x | as long as short |
| Nado SPY-PERP | +0.0039% | 1h | 773.60 | +0.009% | $1.5M | $250K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 772.83 | −0.091% | $925K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.85 | −0.088% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 772.78 | −0.097% | $4.8M | $850K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 772.60 | −0.120% | $951K | $507K | 20x | as long as short |
| Lighter SPY | +0.0072% | 1h | 773.91 | +0.049% | $7.9M | $17.2M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.23 | −0.039% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.18 | −0.045% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.73 | +0.026% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.12 | −0.054% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 773.87 | +0.043% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 773.88 | +0.045% | $7.2M | $3.6M | 25x | as long as short |
| edgeX SPYUSDC | +0.0952% | 4h | 773.45 | −0.010% | $639K | $243K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Deribit SPY_USDC-PERPETUAL
Lighter RH SPY
Nado SPY-PERP
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC