Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%
Price spread now: GRVT against OKX−0.023%51s7-day average +0.036% · you buy dearer than you sell
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−$240.242% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.023%, 7d avg +0.036%
=Together, before fees+0.161%+ 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 0.059% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.036%. The two prices were read 51 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 | OKX SPY-USDT-SWAP | 774.83 | 0 | get 0.0000% / 8h | 5h 54m | $7.8M | $3.1M | 50x |
| Short | GRVT SPY_USDT_Perp | 774.65 | 0 | get 0.0000% / 8h | 5h 54m | $161K | $346K | 10x |
OKX SPY-USDT-SWAP
GRVT SPY_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against OKX. 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: −0.023% → +0.036%
- −$5.92
- Slippage, 4 orders
- −$5.23
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$30.16
- Costs to cover
- 0.242%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; GRVT: live order book, 55 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 OKX live order book, 1 min ago | 0.06 bp | 5.8 bp −$6 | 7.6 bp −$76 | 15.0 bp −$1,500 | doesn't fit |
| Sell GRVT live order book, 55 min ago | 1.68 bp | 6.7 bp −$7 | 7.9 bp −$79 | 91.4 bp −$9,136 | doesn't fit |
SPY on 27 exchanges
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 | 774.85 | +0.003% | $416K | $419K | 50x | as long as short |
| Nado SPY-PERP | −0.0040% | 1h | 774.52 | −0.040% | $1.5M | $270K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.66 | −0.022% | $863K | $200K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.85 | +0.003% | $28.5M | $75.7M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.73 | −0.013% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAPlong | 0.0000% | 8h | 774.83 | long leg | $7.8M | $3.1M | 50x | |
| RISEx SPY/USDC | 0.0000% | 1h | 774.76 | −0.009% | $7.1M | $3.3M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.34 | −0.063% | $790K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.85 | +0.003% | $29.2M | $13.3M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.63 | −0.026% | $11.1M | $1.6M | 50x | as long as short |
BloFin SPY-USDT
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
RISEx SPY/USDC
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perpshort | 0.0000% | 8h | 774.65 | −0.023% | $161K | $346K | 10x | |
| SunX SPY-USDT | 0.0000% | 8h | 775.97 | +0.147% | $2K | $1.2M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.50 | −0.043% | $23K | $39K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.99 | +0.021% | $300K | $38K | 50x | as long as short |
| Phoenix SPY | +0.0010% | 1h | 774.14 | −0.089% | $158K | $74K | 20x | as long as short |
| Arcus SPY-USD | +0.0015% | 1h | 773.94 | −0.115% | $980K | $1.4M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.66 | −0.022% | $7.8M | $16.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.97 | +0.018% | $56.9M | $114.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.65 | −0.152% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.87 | −0.124% | $4.8M | $846K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.22 | −0.079% | $952K | $171K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.24 | −0.076% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.48 | −0.174% | $164K | $24K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.68 | −0.019% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.18 | −0.084% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.86 | +0.003% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0783% | 4h | 774.39 | −0.057% | $640K | $242K | 20x | as long as short |
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Phoenix SPY
Arcus SPY-USD
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC