Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.037%
Price spread now: BloFin against GRVT+0.004%102s7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as 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−$250.253% of the position
Funding, last 7 days−0.329%−$33 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.004%, 7d avg −0.016%
=Together, before fees−0.318%+ Points / potential airdropGRVT: Active · farm board−$32 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: −$4 a day on $10k at the current rate. The two prices were read 102 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 | GRVT SPY_USDT_Perp | 774.24 | 0 | get 0.0000% / 8h | 3h 25m | $159K | $381K | 10x |
| Short | BloFin SPY-USDT | 774.27 | −0.0120 | pay 0.0120% / 8h | 3h 25m | $417K | $468K | 50x |
GRVT SPY_USDT_Perp
BloFin SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$25.2
- Price spread: +0.004% → −0.016%
- $1.98
- Slippage, 4 orders
- −$4.26
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$48.47
- Costs to cover
- 0.253%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 27 min ago; BloFin: live order book, 5 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, 27 min ago | 1.87 bp | 6.4 bp −$6 | 7.5 bp −$75 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 0.06 bp | 6.2 bp −$6 | 6.2 bp −$62 | 8.5 bp −$846 | 15.9 bp −$7,944 |
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-USDTshort | −0.0120% | 8h | 774.27 | +0.004% | $417K | $468K | 50x | |
| Phoenix SPY | −0.0010% | 1h | 773.74 | −0.065% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.28 | +0.005% | $28.3M | $79.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.38 | +0.018% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.21 | −0.004% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.83 | −0.053% | $776K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.26 | +0.003% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.40 | +0.021% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perplong | 0.0000% | 8h | 774.24 | long leg | $159K | $381K | 10x | |
| SunX SPY-USDT | 0.0000% | 8h | 775.37 | +0.146% | $2K | $1.4M | 10x | as long as short |
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.49 | +0.032% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0005% | 8h | 774.10 | −0.018% | $864K | $194K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0013% | 1h | 773.21 | −0.133% | $163K | $24K | 50x | as long as short |
| Nado SPY-PERP | +0.0026% | 1h | 774.01 | −0.030% | $1.5M | $268K | 20x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.65 | +0.053% | $56.4M | $117.4M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.46 | −0.101% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.22 | −0.132% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.09 | −0.148% | $4.7M | $839K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.74 | −0.065% | $950K | $556K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0086% | 1h | 774.13 | −0.014% | $23K | $56K | 20x | as long as short |
| Lighter SPY | +0.0096% | 1h | 774.34 | +0.013% | $8.2M | $19.3M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.51 | −0.094% | $2.5M | $979K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.16 | −0.010% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.47 | +0.030% | $7.0M | $5.0M | 25x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.68 | −0.072% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.28 | +0.006% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0721% | 4h | 774.14 | −0.013% | $640K | $241K | 20x | as long as short |
HTX SPY-USDT
Aster SPYUSDT
ApeX Omni SPYUSDT
Nado SPY-PERP
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC