Funding you earn now, next payment 08:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.88 per $10,000 · paid last 24h +0.010%
Price spread now: GRVT against Bybit+0.068%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$530.530% of the position
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 7 days−0.017%−$2 · spread now +0.068%, 7d avg +0.043%
=Together, before fees+0.008%+ Points / potential airdropGRVT: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GRVT is 0.025% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.043%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TSMUSDT | 440.93 | 0 | get 0.0000% / 8h | 3h 51m | $2.0M | $398K | 50x |
| Short | GRVT TSM_USDT_Perp | 441.23 | 0.0088 | get 0.0088% / 8h | 3h 51m | $7K | $1.2M | 10x |
Bybit TSMUSDT
GRVT TSM_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Bybit. 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
- $18.48
- Price spread: +0.068% → +0.043%
- $2.55
- Slippage, 4 orders
- −$33.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$31.99
- Costs to cover
- 0.530%
- Break-even
- 19.1 days
Slippage from Bybit: live order book, 5 min ago; GRVT: 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 Bybit live order book, 5 min ago | 1.93 bp | 14.1 bp −$14 | 68.8 bp −$688 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 2 min ago | 1.25 bp | 9.4 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
TSM on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0104% | 8h | 441.26 | +0.075% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.37 | +0.101% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDTlong | 0.0000% | 8h | 440.93 | long leg | $2.0M | $398K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.09 | +0.036% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.01 | +0.018% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.44 | +0.115% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.18 | +0.057% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.88 | −0.011% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.14 | +0.048% | $1.5M | $475K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 441.27 | +0.077% | $497K | $176K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 440.99 | +0.014% | $231K | $653K | 10x | as long as short |
| BloFin TSM-USDT | +0.0045% | 8h | 441.51 | +0.132% | $45K | $99K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.75 | −0.041% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.74 | −0.043% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.96 | +0.007% | $193K | $56K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.78 | −0.034% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.27 | +0.077% | $158K | $22K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 441.04 | +0.026% | $2K | $200K | 10x | as long as short |
| Binance TSMUSDT | +0.0064% | 8h | 441.16 | +0.051% | $12.9M | $7.3M | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.79 | −0.032% | $368K | $102K | 10x | as long as short |
| GRVT TSM_USDT_Perpshort | +0.0088% | 8h | 441.23 | +0.068% | $7K | $1.2M | 10x | |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.87 | −0.014% | $267K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.05 | +0.027% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.07 | +0.031% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.92 | −0.002% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.91 | +1.129% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0272% | 1h | 441.01 | +0.018% | $4 | $24K | 10x | as long as short |
| edgeX TSMUSDC | +0.0395% | 4h | 441.13 | +0.045% | $47K | $216K | 10x | as long as short |
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Binance TSMUSDT
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC