Funding you earn now, next payment 02:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.052%
Price spread now: GRVT against Phoenix+0.019%115s7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as 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−$460.459% of the position
Funding, last 7 days−0.247%−$25 on $10k
+Price spread, last 4 days (all we have)−0.214%−$21 · spread now +0.019%, 7d avg +0.031%
=Together, before fees−0.461%+ Points / potential airdropGRVT: Active · farm board−$46 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 115 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 | Phoenix TSM | 443.86 | 0.0217 | pay 0.0027% / 1h | 31m 33s | $216K | $5K | 10x |
| Short | GRVT TSM_USDT_Perp | 443.94 | 0.0143 | get 0.0143% / 8h | 5h 31m | $8K | $1.1M | 10x |
Phoenix TSM
GRVT TSM_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Phoenix. 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
- −$15.46
- Price spread: +0.019% → +0.031%
- −$1.19
- Slippage, 4 orders
- −$29.88
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$62.53
- Costs to cover
- 0.459%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 25 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 Phoenix live order book, 25 min ago | 3.83 bp | 12.2 bp −$12 | 26.0 bp −$260 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 2 min ago | 1.91 bp | 11.7 bp −$12 | 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 | −0.0469% | 4h | 443.92 | +0.014% | $48K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.37 | +0.115% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.95 | +0.020% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.19 | +0.074% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.98 | +0.027% | $1.7M | $956K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.95 | +0.020% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.95 | +0.020% | $550K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.19 | +0.074% | $1K | $4.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.81 | −0.011% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.25 | +0.088% | $1.5M | $444K | 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 | 444.38 | +0.117% | $501K | $173K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.20 | +0.077% | $221K | $644K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.72 | −0.032% | — | $583 | 25x | as long as short |
| Binance TSMUSDT | +0.0047% | 8h | 444.27 | +0.092% | $13.0M | $6.8M | 20x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 444.14 | +0.064% | $1K | $191K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.89 | +0.007% | $10.3M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.64 | −0.050% | $196K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.61 | −0.056% | $137 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.66 | −0.045% | $159K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0056% | 8h | 444.03 | +0.038% | $45K | $98K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.72 | −0.032% | $270K | $320K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.97 | +0.025% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.97 | +0.024% | $124 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0133% | 1h | 443.89 | +0.007% | $98 | $24K | 10x | as long as short |
| GRVT TSM_USDT_Perpshort | +0.0143% | 8h | 443.94 | +0.019% | $8K | $1.1M | 10x | |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.28 | −0.131% | $370K | $107K | 10x | as long as short |
| Phoenix TSMlong | +0.0217% | 1h | 443.86 | long leg | $216K | $5K | 10x | |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.49 | +1.043% | $7K | $38K | 12x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Binance TSMUSDT
Extended TSM-USD
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Deribit TSM_USDC-PERPETUAL
Coinbase International TSM-PERP-INTX
Injective TSM/USDC PERP