Funding you earn now, next payment 03:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h +0.022%
Price spread now: tradeXYZ against GRVT−0.055%106s7-day average −0.018% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)+0.421%+$42 · spread now −0.055%, 7d avg −0.018%
=Together, before fees+0.356%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board+$36 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and tradeXYZ is 0.038% cheaper against GRVT than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.018%). Swap the legs. The two prices were read 106 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 -0.066% in total (about -3.4% a year). A funding rate is set anew for every payment. 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 | 450.77 | 0.0368 | pay 0.0368% / 8h | 5h 51m | $527 | $160K | 10x |
| Short | tradeXYZ xyz:WDC | 450.52 | 0.0083 | get 0.0010% / 1h | 51m 44s | $2.4M | $2.2M | 10x |
GRVT WDC_USDT_Perp
tradeXYZ xyz:WDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$59.77
- Price spread: −0.055% → −0.018%
- −$3.79
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$90.56
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 6 min ago; tradeXYZ: live order book, 6 min ago. Net counts fees only.
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, 6 min ago | 2.33 bp | 13.7 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 1.33 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
WDC on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster WDCUSDT | 0.0000% | 8h | 450.60 | −0.038% | $11K | $115K | 20x | as long as short |
| Extended WDC-USD | 0.0000% | 1h | 450.89 | +0.027% | $5K | $136K | 10x | as long as short |
| Binance WDCUSDT | 0.0000% | 8h | 450.96 | +0.042% | $7.5M | $24.7M | 20x | as long as short |
| Bybit WDCUSDT | 0.0000% | 8h | 450.97 | +0.044% | $2.0M | $822K | 25x | as long as short |
| Gate WDC_USDT | 0.0000% | 8h | 451.00 | +0.051% | $2.0M | $2.5M | 50x | as long as short |
| Bitget WDCUSDT | 0.0000% | 8h | 450.99 | +0.049% | $1.2M | $1.1M | 20x | as long as short |
| Lighter WDC | +0.0032% | 1h | 450.38 | −0.087% | — | — | 10x | as long as short |
| QFEX WDC-USD | +0.0050% | 1h | 450.88 | +0.024% | $1.1M | $3.6M | 10x | as long as short |
| OKX WDC-USDT-SWAP | +0.0061% | 8h | 451.10 | +0.073% | $2.2M | $3.9M | 20x | as long as short |
| tradeXYZ xyz:WDCshort | +0.0083% | 1h | 450.52 | −0.055% | $2.4M | $2.2M | 10x |
Aster WDCUSDT
Extended WDC-USD
Binance WDCUSDT
Bybit WDCUSDT
Gate WDC_USDT
Bitget WDCUSDT
Lighter WDC
QFEX WDC-USD
OKX WDC-USDT-SWAPShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin WDCUSDTM | +0.0100% | 8h | 450.61 | −0.035% | $277K | $44K | 20x | as long as short |
| Orderly PERP_WDC_USDC_mythos | +0.0100% | 8h | 450.85 | +0.018% | $9K | $2K | 10x | as long as short |
| SunX WDC-USDT | +0.0100% | 8h | 451.00 | +0.051% | — | $2.5M | 10x | as long as short |
| HTX WDC-USDT | +0.0100% | 8h | 451.06 | +0.064% | $33K | $8K | 10x | as long as short |
| GRVT WDC_USDT_Perplong | +0.0368% | 8h | 450.77 | long leg | $527 | $160K | 10x | |
| edgeX WDCUSDC | +0.0599% | 4h | 450.86 | +0.020% | $50K | $230K | 10x | as long as short |
KuCoin WDCUSDTM
Orderly PERP_WDC_USDC_mythos
SunX WDC-USDT
HTX WDC-USDT
edgeX WDCUSDC