Funding you earn now, next payment 02:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.009%
Price spread now: GRVT against Coinbase International+0.133%76s7-day average +0.224% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as 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−$340.345% of the position
Funding, last 7 days+0.181%+$18 on $10k
+Price spread, last 4 days (all we have)−0.251%−$25 · spread now +0.133%, 7d avg +0.224%
=Together, before fees−0.070%+ Points / potential airdropGRVT: Active · farm board−$7 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 0.091% cheaper against Coinbase International than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.224%. 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 | Coinbase International TSM-PERP-INTX | 443.28 | 0.0152 | pay 0.0019% / 1h | 33m 43s | $370K | $107K | 10x |
| Short | GRVT TSM_USDT_Perp | 443.87 | 0.0160 | get 0.0160% / 8h | 5h 33m | $8K | $1.1M | 10x |
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Coinbase International. 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
- $1.68
- Price spread: +0.133% → +0.224%
- −$9.06
- Slippage, 4 orders
- −$15.47
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$41.84
- Costs to cover
- 0.345%
- Break-even
- 181.3 days
Slippage from Coinbase International: live order book, 29 min ago; GRVT: live order book, 4 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 Coinbase International live order book, 29 min ago | 3.95 bp | 8.9 bp −$9 | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 4 min ago | 1.69 bp | 7.9 bp −$8 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0891% | 4h | 443.82 | +0.123% | $48K | $216K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.08 | +0.181% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.84 | +0.126% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.85 | +0.129% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.71 | +0.097% | $1.7M | $955K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.93 | +0.147% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.95 | +0.151% | $550K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.92 | +0.144% | $1K | $4.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.00 | +0.162% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.07 | +0.178% | $1.5M | $443K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 444.20 | +0.208% | $501K | $173K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 443.94 | +0.149% | $221K | $644K | 10x | as long as short |
| BloFin TSM-USDT | +0.0035% | 8h | 443.99 | +0.160% | $45K | $98K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.66 | +0.086% | — | $583 | 25x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 443.84 | +0.126% | $1K | $191K | 10x | as long as short |
| Binance TSMUSDT | +0.0049% | 8h | 444.01 | +0.165% | $13.0M | $6.8M | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.64 | +0.081% | $10.3M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.50 | +0.050% | $196K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.50 | +0.050% | $137 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.66 | +0.086% | $159K | $23K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.45 | +0.038% | $270K | $320K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.84 | +0.126% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.86 | +0.132% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTXlong | +0.0152% | 1h | 443.28 | long leg | $370K | $107K | 10x | |
| Deribit TSM_USDC-PERPETUAL | +0.0156% | 1h | 443.81 | +0.120% | $98 | $24K | 10x | as long as short |
| GRVT TSM_USDT_Perpshort | +0.0160% | 8h | 443.87 | +0.133% | $8K | $1.1M | 10x | |
| Phoenix TSM | +0.0217% | 1h | 443.67 | +0.088% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.49 | +1.175% | $7K | $38K | 12x | as long as short |
Lighter TSM
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
Extended TSM-USD
Binance TSMUSDT
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Deribit TSM_USDC-PERPETUAL
Phoenix TSM
Injective TSM/USDC PERP