Funding you earn now, next payment 00:00 UTC+0.0247%/8h= +27.0% APRnext payment +$2.47 per $10,000 · paid last 24h +0.047%
Price spread now: GRVT against Bitget+0.047%53s7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as 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−$1491.494% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 3 days (all we have)−0.103%−$10 · spread now +0.047%, 7d avg +0.088%
=Together, before fees−0.099%+ Points / potential airdropGRVT: Active · farm board−$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.041% cheaper against Bitget than usual: you would sell low and buy high (spread +0.047% now, against its 7-day average of +0.088%). If the spread goes back, that is −$4 on $10k: about 13 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.004% in total) that is about 2 months. The two prices were read 53 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 0.004% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.47 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 | Bitget XLEUSDT | 62.610 | 0 | get 0.0000% / 8h | 2h 24m | $100K | $166K | 20x |
| Short | GRVT XLE_USDT_Perp | 62.639 | 0.0247 | get 0.0247% / 8h | 2h 24m | $13K | $197K | 10x |
Bitget XLEUSDT
GRVT XLE_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Bitget. 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
- $51.87
- Price spread: +0.047% → +0.088%
- −$4.08
- Slippage, 4 orders
- −$128.43
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$101.63
- Costs to cover
- 1.494%
- Break-even
- 20.7 days
Slippage from Bitget: live order book, 58 min ago; GRVT: live order book, 62 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 Bitget live order book, 58 min ago | 3.99 bp | 31.8 bp −$32 | 44.7 bp −$447 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 62 min ago | 3.19 bp | 37.5 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
XLE 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin XLE-USDT | −0.0016% | 8h | 62.510 | −0.160% | $57K | $9K | 20x | as long as short |
| Aster XLEUSDT | 0.0000% | 8h | 62.626 | +0.026% | $4K | $9K | 20x | as long as short |
| Binance XLEUSDT | 0.0000% | 8h | 62.657 | +0.076% | $802K | $1.9M | 20x | as long as short |
| Bybit XLEUSDT | 0.0000% | 8h | 62.600 | −0.016% | $333K | $280K | 25x | as long as short |
| OKX XLE-USDT-SWAP | 0.0000% | 8h | 62.620 | +0.016% | $299K | $692K | 20x | as long as short |
| Gate XLE_USDT | 0.0000% | 8h | 62.590 | −0.032% | $61K | $24K | 20x | as long as short |
| MEXC XLE_USDT | 0.0000% | 8h | 62.640 | +0.048% | $219K | $116K | 20x | as long as short |
| Bitget XLEUSDTlong | 0.0000% | 8h | 62.610 | long leg | $100K | $166K | 20x | |
| Variational Omni XLE | 0.0000% | 8h | 62.643 | +0.052% | $44K | $15K | — | as long as short |
| SunX XLE-USDT | 0.0000% | 8h | 62.648 | +0.061% | $1K | $7.1M | 10x | as long as short |
BloFin XLE-USDT
Aster XLEUSDT
Binance XLEUSDT
Bybit XLEUSDT
OKX XLE-USDT-SWAP
Gate XLE_USDT
MEXC XLE_USDT
Variational Omni XLE
SunX XLE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX XLE-USDT | 0.0000% | 8h | 62.571 | −0.062% | $5K | $35K | 10x | as long as short |
| QFEX XLE-USD | +0.0038% | 1h | 62.660 | +0.080% | $1.3M | $4.9M | 30x | as long as short |
| tradeXYZ xyz:XLE | +0.0050% | 1h | 62.610 | 0.000% | $2.4M | $4.0M | 20x | as long as short |
| KuCoin XLEUSDTM | +0.0100% | 8h | 62.590 | −0.032% | $771K | $579K | 20x | as long as short |
| GRVT XLE_USDT_Perpshort | +0.0247% | 8h | 62.639 | +0.047% | $13K | $197K | 10x | |
| edgeX XLEUSDC | +0.0608% | 4h | 62.656 | +0.074% | $48K | $210K | 10x | as long as short |
HTX XLE-USDT
QFEX XLE-USD
tradeXYZ xyz:XLE
KuCoin XLEUSDTM
edgeX XLEUSDC