Funding you earn now, next payment 08:00 UTC−0.0525%/8h= −57.5% APRnext payment −$5.25 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against GRVT−0.022%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$790.788% of the position
Funding, last 7 days−0.118%−$12 on $10k
+Price spread, last 2 days (all we have)+0.021%+$2 · spread now −0.022%, 7d avg +0.003%
=Together, before fees−0.097%+ Points / potential airdropGRVT: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Binance is 0.025% cheaper against GRVT than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.003%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.118% in total (about -6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT V_USDT_Perp | 368.90 | 0.0525 | pay 0.0525% / 8h | 6h 24m | $12K | $156K | 10x |
| Short | Binance VUSDT | 368.82 | 0 | get 0.0000% / 8h | 6h 24m | $596K | $277K | 20x |
GRVT V_USDT_Perp
Binance VUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$110.25
- Price spread: −0.022% → +0.003%
- −$2.51
- Slippage, 4 orders
- −$59.77
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$191.53
- Costs to cover
- 0.788%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 38 min ago; Binance: live order book, 67 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, 38 min ago | 2.97 bp | 20.9 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 67 min ago | 1.62 bp | 20.4 bp −$20 | 76.6 bp −$766 | doesn't fit | doesn't fit |
V on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin VUSDTM | −0.0850% | 8h | 367.67 | −0.333% | $289K | $717K | 20x | as long as short |
| edgeX VUSDC | −0.0586% | 4h | 369.01 | +0.030% | $192K | $180K | 10x | as long as short |
| Injective V/USDC PERP | −0.0220% | 1h | 332.40 | −9.894% | $16K | $30K | 12x | as long as short |
| Aster VUSDT | 0.0000% | 8h | 369.64 | +0.200% | $17K | $6K | 20x | as long as short |
| Binance VUSDTshort | 0.0000% | 8h | 368.82 | −0.022% | $596K | $277K | 20x | |
| Bybit VUSDT | 0.0000% | 8h | 368.97 | +0.019% | $127K | $12K | 25x | as long as short |
| Gate V_USDT | 0.0000% | 8h | 368.80 | −0.027% | $190K | $5K | 20x | as long as short |
| Bitget VUSDT | 0.0000% | 8h | 369.31 | +0.111% | $122K | $11K | 20x | as long as short |
| SunX V-USDT | 0.0000% | 8h | 368.95 | +0.014% | $1K | $730K | 10x | as long as short |
| HTX V-USDT | 0.0000% | 8h | 369.09 | +0.052% | $6K | $33K | 20x | as long as short |
KuCoin VUSDTM
edgeX VUSDC
Injective V/USDC PERP
Aster VUSDT
Bybit VUSDT
Gate V_USDT
Bitget VUSDT
SunX V-USDT
HTX V-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT V_USDT_Perplong | +0.0525% | 8h | 368.90 | long leg | $12K | $156K | 10x |