Funding you earn now, next payment 08:00 UTC+0.0947%/8h= +103.7% APRnext payment +$9.47 per $10,000 · paid last 24h 0.000%
Price spread now: GRVT against Binance+0.029%59s7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as 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−$480.483% of the position
Funding, last 7 days+0.088%+$9 on $10k
+Price spread, last 2 days (all we have)−0.042%−$4 · spread now +0.029%, 7d avg −0.033%
=Together, before fees+0.046%+ Points / potential airdropGRVT: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and GRVT is 0.063% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.033%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.088% in total (about 4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.47 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 | Binance WDCUSDT | 451.53 | 0 | get 0.0000% / 8h | 7h 36m | $7.7M | $25.3M | 20x |
| Short | GRVT WDC_USDT_Perp | 451.66 | 0.0947 | get 0.0947% / 8h | 7h 36m | $1K | $169K | 10x |
Binance WDCUSDT
GRVT WDC_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Binance. 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
- $198.87
- Price spread: +0.029% → −0.033%
- $6.26
- Slippage, 4 orders
- −$29.32
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $156.81
- Costs to cover
- 0.483%
- Break-even
- 1.5 days
Slippage from Binance: live order book, 5 min ago; GRVT: live order book, 31 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 Binance live order book, 5 min ago | 1.00 bp | 9.2 bp −$9 | 22.1 bp −$221 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 31 min ago | 1.56 bp | 13.2 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
WDC on 17 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 WDCUSDC | −0.0053% | 4h | 451.60 | +0.016% | $50K | $230K | 10x | as long as short |
| BloFin WDC-USDT | −0.0008% | 8h | 451.57 | +0.009% | $144K | $94K | 20x | as long as short |
| Aster WDCUSDT | 0.0000% | 8h | 450.82 | −0.158% | $11K | $115K | 20x | as long as short |
| Extended WDC-USD | 0.0000% | 1h | 451.45 | −0.019% | $3K | $136K | 10x | as long as short |
| Binance WDCUSDTlong | 0.0000% | 8h | 451.53 | long leg | $7.7M | $25.3M | 20x | |
| Gate WDC_USDT | 0.0000% | 8h | 451.30 | −0.051% | $2.0M | $2.6M | 50x | as long as short |
| Bitget WDCUSDT | 0.0000% | 8h | 451.52 | −0.002% | $1.2M | $1.1M | 20x | as long as short |
| QFEX WDC-USD | +0.0031% | 1h | 451.44 | −0.020% | $1.1M | $3.9M | 10x | as long as short |
| Lighter WDC | +0.0032% | 1h | 450.69 | −0.186% | — | — | 10x | as long as short |
| OKX WDC-USDT-SWAP | +0.0048% | 8h | 451.72 | +0.042% | $2.2M | $4.0M | 20x | as long as short |
edgeX WDCUSDC
BloFin WDC-USDT
Aster WDCUSDT
Extended WDC-USD
Gate WDC_USDT
Bitget WDCUSDT
QFEX WDC-USD
Lighter WDC
OKX WDC-USDT-SWAPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin WDCUSDTM | +0.0100% | 8h | 450.98 | −0.122% | $301K | $16K | 20x | as long as short |
| Orderly PERP_WDC_USDC_mythos | +0.0100% | 8h | 451.34 | −0.042% | $9K | $2K | 10x | as long as short |
| SunX WDC-USDT | +0.0100% | 8h | 451.50 | −0.007% | — | $2.6M | 10x | as long as short |
| HTX WDC-USDT | +0.0100% | 8h | 451.73 | +0.044% | $33K | $8K | 10x | as long as short |
| tradeXYZ xyz:WDC | +0.0140% | 1h | 451.35 | −0.040% | $2.4M | $2.2M | 10x | as long as short |
| Bybit WDCUSDT | +0.0406% | 8h | 451.49 | −0.009% | $1.9M | $795K | 25x | as long as short |
| GRVT WDC_USDT_Perpshort | +0.0947% | 8h | 451.66 | +0.029% | $1K | $169K | 10x |
KuCoin WDCUSDTM
Orderly PERP_WDC_USDC_mythos
SunX WDC-USDT
HTX WDC-USDT
tradeXYZ xyz:WDC
Bybit WDCUSDT