Funding you earn now, next payment 03:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h −0.015%
Price spread now: Coinbase International against GRVT−0.042%76s7-day average −0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as 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−$240.236% of the position
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.042%, 7d avg −0.094%
=Together, before fees−0.061%+ Points / potential airdropGRVT: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.052% dearer against GRVT than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.094%. Mind the row above: over the last 7 days funding on this pair cost −0.119%, so the current rate has only just turned in your favour. The two prices were read 76 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 | 774.37 | 0.0003 | pay 0.0003% / 8h | 4h 22m | $163K | $374K | 10x |
| Short | Coinbase International SPY-PERP-INTX | 774.05 | 0.0064 | get 0.0008% / 1h | 22m 11s | $954K | $552K | 20x |
GRVT SPY_USDT_Perp
Coinbase International SPY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $12.81
- Price spread: −0.042% → −0.094%
- $5.22
- Slippage, 4 orders
- −$4.6
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$5.57
- Costs to cover
- 0.236%
- Break-even
- 10.0 days
Slippage from GRVT: live order book, 35 min ago; Coinbase International: live order book, 36 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, 35 min ago | 1.61 bp | 6.4 bp −$6 | 7.1 bp −$71 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 36 min ago | 0.06 bp | 5.3 bp −$5 | 7.9 bp −$79 | 36.9 bp −$3,689 | 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 | −0.008% | $417K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0012% | 1h | 773.48 | −0.115% | $163K | $24K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.26 | −0.015% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.37 | 0.000% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.91 | −0.060% | $776K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.48 | +0.014% | $10.9M | $1.8M | 50x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.66 | −0.092% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.31 | +0.121% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.00 | −0.048% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.51 | +0.018% | $308K | $20K | 50x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Bybit 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_Perplong | +0.0003% | 8h | 774.37 | long leg | $163K | $374K | 10x | |
| MEXC SPY_USDT | +0.0008% | 8h | 774.30 | −0.009% | $26.1M | $12.0M | 100x | as long as short |
| Binance SPYUSDT | +0.0008% | 8h | 774.36 | −0.002% | $28.2M | $79.8M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.59 | −0.101% | $935K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.23 | −0.148% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.47 | −0.117% | $4.8M | $833K | 20x | as long as short |
| Aster SPYUSDT | +0.0056% | 8h | 774.44 | +0.008% | $865K | $196K | 20x | as long as short |
| Lighter RH SPY | +0.0064% | 1h | 774.72 | +0.045% | $56.4M | $114.7M | 50x | as long as short |
| Coinbase International SPY-PERP-INTXshort | +0.0064% | 1h | 774.05 | −0.042% | $954K | $552K | 20x | |
| Lighter SPY | +0.0072% | 1h | 774.40 | +0.003% | $8.3M | $19.5M | 50x | as long as short |
| Nado SPY-PERP | +0.0077% | 1h | 774.03 | −0.045% | $1.5M | $280K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.77 | −0.078% | $2.5M | $978K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.27 | −0.013% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.76 | −0.079% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0173% | 1h | 774.38 | +0.001% | $7.0M | $5.0M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.37 | −0.001% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0879% | 4h | 774.10 | −0.035% | $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
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