Funding you earn now, next payment 04:00 UTC+0.0610%/8h= +66.8% APRnext payment +$3.05 per $10,000 · paid last 24h +0.047%
Price spread now: GRVT against Binance−0.057%89s7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$5as 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−$440.438% of the position
Funding, last 7 days+0.386%+$39 on $10k
+Price spread, last 2 days (all we have)+0.015%+$2 · spread now −0.057%, 7d avg −0.028%
=Together, before fees+0.401%+ Points / potential airdropGRVT: Active · farm board+$40 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.029% cheaper against Binance than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of −0.028%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.386% in total) that is about 13 hours. The two prices were read 89 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 0.386% in total (about 20.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.05 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 XPDUSDT | 1,316.2 | 0 | get 0.0000% / 4h | 3h 06m | $3.8M | $4.4M | 100x |
| Short | GRVT XPD_USDT_Perp | 1,315.4 | 0.0610 | get 0.0305% / 4h | 3h 06m | $340K | $856K | 25x |
Binance XPDUSDT
GRVT XPD_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
- $128.1
- Price spread: −0.057% → −0.028%
- −$2.92
- Slippage, 4 orders
- −$24.79
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $81.39
- Costs to cover
- 0.438%
- Break-even
- 2.6 days
Slippage from Binance: live order book, 16 min ago; GRVT: live order book, 27 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, 16 min ago | 0.04 bp | 15.1 bp −$15 | 36.9 bp −$369 | 148.9 bp −$14.9K | doesn't fit |
| Sell GRVT live order book, 27 min ago | 0.04 bp | 6.7 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
XPD 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance XPDUSDTlong | 0.0000% | 4h | 1,316.2 | long leg | $3.8M | $4.4M | 100x | |
| Gate XPD_USDT | 0.0000% | 4h | 1,316 | −0.017% | $2.0M | $441K | 100x | as long as short |
| MEXC XPD_USDT | 0.0000% | 4h | 1,315.8 | −0.031% | $13.2M | $341K | 100x | as long as short |
| Variational Omni XPD | 0.0000% | 4h | 1,315.9 | −0.021% | $545K | $14K | — | as long as short |
| SunX XPD-USDT | 0.0000% | 4h | 1,313.5 | −0.201% | — | $1.9M | 10x | as long as short |
| HTX XPD-USDT | 0.0000% | 4h | 1,315.6 | −0.047% | $10K | $33K | 20x | as long as short |
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,313.8 | −0.180% | — | — | — | as long as short |
| edgeX XPDUSDC | +0.0015% | 4h | 1,315.1 | −0.085% | $38K | $205K | 10x | as long as short |
| BloFin XPD-USDT | +0.0021% | 4h | 1,315.3 | −0.065% | $30K | $20K | 100x | as long as short |
| Lighter XPD | +0.0032% | 1h | 1,316.3 | +0.008% | $406K | $154K | 20x | as long as short |
Gate XPD_USDT
MEXC XPD_USDT
Variational Omni XPD
SunX XPD-USDT
HTX XPD-USDT
gTrade (Gains Network) XPD/USD
edgeX XPDUSDC
BloFin XPD-USDT
Lighter XPDShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster XPDUSDT | +0.0032% | 4h | 1,315.4 | −0.059% | $27K | $12K | 20x | as long as short |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +1.262% | $16K | $20K | 52x | as long as short |
| tradeXYZ xyz:PALLADIUM | +0.0050% | 1h | 1,314.1 | −0.159% | $2.7M | $517K | 20x | as long as short |
| Bitget XPDUSDT | +0.0050% | 4h | 1,314.5 | −0.127% | $5.0M | $221K | 100x | as long as short |
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,315.6 | −0.046% | $171K | $5K | 75x | as long as short |
| OKX XPD-USDT-SWAP | +0.0100% | 8h | 1,315.4 | −0.060% | $325K | $478K | 50x | as long as short |
| GRVT XPD_USDT_Perpshort | +0.0610% | 4h | 1,315.4 | −0.057% | $340K | $856K | 25x |
Aster XPDUSDT
Injective XPD/USDC PERP
tradeXYZ xyz:PALLADIUM
Bitget XPDUSDT
KuCoin XPDUSDTM
OKX XPD-USDT-SWAP