Funding you earn now, next payment 08:00 UTC−0.0366%/8h= −40.1% APRnext payment −$3.66 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against GRVT−0.015%109s7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as 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−$490.492% of the position
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 4 days (all we have)+0.145%+$15 · spread now −0.015%, 7d avg −0.018%
=Together, before fees+0.056%+ Points / potential airdropGRVT: Active · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate. The two prices were read 109 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 -0.089% in total (about -4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.66 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 WDC_USDT_Perp | 450.97 | 0.0375 | pay 0.0375% / 8h | 5h 33m | $528 | $157K | 10x |
| Short | Binance WDCUSDT | 450.90 | 0.0009 | get 0.0009% / 8h | 5h 33m | $7.5M | $24.7M | 20x |
GRVT WDC_USDT_Perp
Binance WDCUSDTFunding 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
- −$76.87
- Price spread: −0.015% → −0.018%
- $0.31
- Slippage, 4 orders
- −$30.15
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$125.72
- Costs to cover
- 0.492%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 24 min ago; Binance: live order book, 7 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, 24 min ago | 2.33 bp | 13.7 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.11 bp | 11.5 bp −$11 | 40.9 bp −$409 | 199.3 bp −$19.9K | 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 | −0.0017% | 4h | 451.00 | +0.008% | $50K | $230K | 10x | as long as short |
| BloFin WDC-USDT | −0.0004% | 8h | 450.95 | −0.004% | $145K | $94K | 20x | as long as short |
| Aster WDCUSDT | 0.0000% | 8h | 450.45 | −0.116% | $11K | $115K | 20x | as long as short |
| Bybit WDCUSDT | 0.0000% | 8h | 450.96 | −0.002% | $2.0M | $823K | 25x | as long as short |
| Gate WDC_USDT | 0.0000% | 8h | 450.80 | −0.037% | $1.9M | $2.5M | 50x | as long as short |
| Bitget WDCUSDT | 0.0000% | 8h | 450.83 | −0.031% | $1.2M | $1.1M | 20x | as long as short |
| Extended WDC-USD | +0.0008% | 1h | 450.77 | −0.043% | $5K | $134K | 10x | as long as short |
| Binance WDCUSDTshort | +0.0009% | 8h | 450.90 | −0.015% | $7.5M | $24.7M | 20x | |
| Lighter WDC | +0.0032% | 1h | 450.26 | −0.157% | — | — | 10x | as long as short |
| tradeXYZ xyz:WDC | +0.0050% | 1h | 450.36 | −0.135% | $2.4M | $2.1M | 10x | as long as short |
edgeX WDCUSDC
BloFin WDC-USDT
Aster WDCUSDT
Bybit WDCUSDT
Gate WDC_USDT
Bitget WDCUSDT
Extended WDC-USD
Lighter WDC
tradeXYZ xyz:WDCShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX WDC-USD | +0.0050% | 1h | 450.73 | −0.053% | $1.1M | $3.5M | 10x | as long as short |
| OKX WDC-USDT-SWAP | +0.0083% | 8h | 451.14 | +0.038% | $2.2M | $3.9M | 20x | as long as short |
| KuCoin WDCUSDTM | +0.0100% | 8h | 450.87 | −0.022% | $277K | $44K | 20x | as long as short |
| Orderly PERP_WDC_USDC_mythos | +0.0100% | 8h | 450.68 | −0.064% | $9K | $2K | 10x | as long as short |
| SunX WDC-USDT | +0.0100% | 8h | 450.90 | −0.015% | — | $2.5M | 10x | as long as short |
| HTX WDC-USDT | +0.0100% | 8h | 451.08 | +0.025% | $33K | $8K | 10x | as long as short |
| GRVT WDC_USDT_Perplong | +0.0375% | 8h | 450.97 | long leg | $528 | $157K | 10x |
QFEX WDC-USD
OKX WDC-USDT-SWAP
KuCoin WDCUSDTM
Orderly PERP_WDC_USDC_mythos
SunX WDC-USDT
HTX WDC-USDT