Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%
Price spread now: Bybit against GRVT+0.043%90s7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as 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−$490.488% of the position
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 7 days−0.200%−$20 · spread now +0.043%, 7d avg −0.042%
=Together, before fees−0.232%+ Points / potential airdropGRVT: Active · farm board−$23 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: Bybit is 0.086% dearer against GRVT than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.042%. The two prices were read 90 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 TSM_USDT_Perp | 438.76 | 0 | get 0.0000% / 8h | 7h 13m | $13K | $1.3M | 10x |
| Short | Bybit TSMUSDT | 438.95 | 0 | get 0.0000% / 8h | 7h 13m | $2.0M | $399K | 50x |
GRVT TSM_USDT_Perp
Bybit TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: +0.043% → −0.042%
- $8.55
- Slippage, 4 orders
- −$28.75
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$40.2
- Costs to cover
- 0.488%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 4 min ago; Bybit: live order book, 3 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, 4 min ago | 1.82 bp | 8.7 bp −$9 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.93 bp | 13.9 bp −$14 | 42.0 bp −$420 | 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 | −0.0647% | 4h | 439.20 | +0.099% | $47K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.15 | +0.090% | $82K | $2K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 439.35 | +0.135% | $3K | $215K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 439.47 | +0.162% | $12.8M | $8.3M | 20x | as long as short |
| Bybit TSMUSDTshort | 0.0000% | 8h | 438.95 | +0.043% | $2.0M | $399K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.37 | +0.139% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.29 | +0.121% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 439.44 | +0.155% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.48 | +0.164% | $550K | $45K | — | as long as short |
| GRVT TSM_USDT_Perplong | 0.0000% | 8h | 438.76 | long leg | $13K | $1.3M | 10x |
edgeX TSMUSDC
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 439.53 | +0.175% | $1K | $4.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.61 | +0.194% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 438.95 | +0.043% | $1.5M | $543K | 10x | as long as short |
| BloFin TSM-USDT | +0.0021% | 8h | 439.53 | +0.175% | $45K | $110K | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.24 | +0.109% | $495K | $190K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.28 | +0.118% | $203K | $746K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 437.71 | −0.239% | $370K | $94K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.11 | +0.080% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 438.90 | +0.032% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.03 | +0.061% | $189K | $67K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.04 | +0.064% | $138 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 438.73 | −0.007% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 438.85 | +0.020% | $267K | $356K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.44 | +0.155% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.40 | +0.146% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 438.65 | −0.025% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.183% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.1140% | 1h | 439.40 | +0.146% | $4 | $13K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
BloFin TSM-USDT
Lighter TSM
Lighter RH TSM
Coinbase International TSM-PERP-INTX
Vest TSM-USD-PERP
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
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL