Funding you earn now, next payment 03:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.012%
Price spread now: GRVT against Vest+0.147%63s7-day average +0.121% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.147%, 7d avg +0.121%
=Together, before fees−0.064%+ Points / potential airdropVest: Active · GRVT: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.027% dearer against Vest than usual: you sell high and buy low (spread +0.147% now, against its 7-day average of +0.121%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 47 hours. The two prices were read 63 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 | Vest SPY-USD-PERP | 773.28 | 0.0046 | pay 0.0006% / 1h | 54m 34s | — | $123K | 50x |
| Short | GRVT SPY_USDT_Perp | 774.42 | 0 | get 0.0000% / 8h | 5h 54m | $161K | $379K | 10x |
Vest SPY-USD-PERP
GRVT SPY_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Vest. 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
- −$9.59
- Price spread: +0.147% → +0.121%
- $2.66
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$17.94
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; GRVT: live order book, 8 min ago. Net counts fees only.
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 Vest no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 8 min ago | 1.74 bp | 6.2 bp −$6 | 7.4 bp −$74 | 158.6 bp −$15.9K | doesn't fit |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SPY on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster SPYUSDT | 0.0000% | 8h | 774.50 | +0.157% | $863K | $203K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.36 | +0.140% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.58 | +0.168% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.99 | +0.092% | $780K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.50 | +0.158% | $10.9M | $2.0M | 50x | as long as short |
| GRVT SPY_USDT_Perpshort | 0.0000% | 8h | 774.42 | +0.147% | $161K | $379K | 10x | |
| SunX SPY-USDT | 0.0000% | 8h | 775.60 | +0.300% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.56 | +0.166% | $308K | $20K | 50x | as long as short |
| MEXC SPY_USDT | +0.0007% | 8h | 774.48 | +0.155% | $21.8M | $11.6M | 100x | as long as short |
| Binance SPYUSDT | +0.0007% | 8h | 774.49 | +0.156% | $28.4M | $79.9M | 50x | as long as short |
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
HTX SPY-USDT
MEXC SPY_USDT
Binance SPYUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit SPY_USDC-PERPETUAL | +0.0034% | 1h | 774.22 | +0.122% | $23K | $55K | 20x | as long as short |
| Nado SPY-PERP | +0.0036% | 1h | 774.12 | +0.109% | $1.5M | $288K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.49 | +0.027% | $935K | $1.3M | 50x | as long as short |
| Phoenix SPY | +0.0041% | 1h | 773.79 | +0.066% | $161K | $295K | 20x | as long as short |
| Vest SPY-USD-PERPlong | +0.0046% | 1h | 773.28 | long leg | — | $123K | 50x | |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.74 | +0.059% | $4.8M | $841K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.74 | +0.059% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.43 | +0.149% | $8.3M | $21.0M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.57 | +0.166% | $7.0M | $5.2M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.67 | +0.050% | $2.5M | $971K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.93 | +0.084% | $160K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.38 | +0.142% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.86 | +0.075% | $87K | — | 10x | as long as short |
| Lighter RH SPY | +0.0112% | 1h | 774.86 | +0.204% | $56.7M | $111.9M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.47 | +0.153% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0566% | 4h | 774.28 | +0.129% | $640K | $241K | 20x | as long as short |
Deribit SPY_USDC-PERPETUAL
Nado SPY-PERP
Arcus SPY-USD
Phoenix SPY
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
RISEx SPY/USDC
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter RH SPY
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC