Funding you earn now, next payment 05:00 UTC+0.1065%/8h= +116.7% APRpaid last 24h +0.142%
Price spread now: GRVT against tradeXYZ+0.129%66s7-day average +0.105% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as 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−$420.425% of the position
Funding, last 7 days+0.297%+$30 on $10k
+Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.129%, 7d avg +0.105%
=Together, before fees+0.250%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board+$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and GRVT is 0.025% dearer against tradeXYZ than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.105%. The two prices were read 66 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 0.297% in total (about 15.5% 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 | tradeXYZ xyz:PLATINUM | 1,794 | 0.0521 | pay 0.0065% / 1h | 14m 25s | $3.6M | $1.0M | 20x |
| Short | GRVT XPT_USDT_Perp | 1,796.3 | 0.1586 | get 0.0793% / 4h | 3h 14m | $205K | $812K | 25x |
tradeXYZ xyz:PLATINUM
GRVT XPT_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against tradeXYZ. 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
- $223.74
- Price spread: +0.129% → +0.105%
- $2.48
- Slippage, 4 orders
- −$15.47
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $183.74
- Costs to cover
- 0.425%
- Break-even
- 1.3 days
Slippage from tradeXYZ: live order book, 3 min ago; GRVT: live order book, 34 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 tradeXYZ live order book, 3 min ago | 1.39 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 34 min ago | 0.03 bp | 8.2 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
XPT on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX XPT-USDT | 0.0000% | 4h | 1,796.8 | +0.156% | $11K | $38K | 30x | as long as short |
| gTrade (Gains Network) XPT/USD | L +0.0006% / S −0.0006% | 1h | 1,790.9 | −0.174% | $230 | — | 150x | as long as short |
| Vest PL-PERP | +0.0046% | 1h | 1,791.8 | −0.123% | — | $50 | 25x | as long as short |
| Pacifica PLATINUM | +0.0100% | 1h | 1,794.8 | +0.046% | $13K | $31K | 10x | as long as short |
| Injective XPT/USDC PERP | +0.0220% | 1h | 1,814.9 | +1.165% | $6K | $34K | 52x | as long as short |
| Aevo PLATINUM-PERP | +0.0376% | 1h | 1,796.7 | +0.148% | $305 | — | 10x | as long as short |
| tradeXYZ xyz:PLATINUMlong | +0.0521% | 1h | 1,794 | long leg | $3.6M | $1.0M | 20x | |
| Paradex XPT-USD-PERP | +0.0608% | 8h | 1,796.8 | +0.156% | $3K | — | 5x | as long as short |
| KuCoin XPTUSDTM | +0.0712% | 4h | 1,795.2 | +0.069% | $249K | $40K | 75x | as long as short |
| Gate XPT_USDT | +0.0860% | 4h | 1,797 | +0.166% | $730K | $511K | 100x | as long as short |
HTX XPT-USDT
gTrade (Gains Network) XPT/USD
Vest PL-PERP
Pacifica PLATINUM
Injective XPT/USDC PERP
Aevo PLATINUM-PERP
Paradex XPT-USD-PERP
KuCoin XPTUSDTM
Gate XPT_USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter XPT | +0.0992% | 1h | 1,797 | +0.167% | $355K | $19K | 20x | as long as short |
| Variational Omni XPT | +0.1098% | 4h | 1,796.5 | +0.138% | $280K | $192K | — | as long as short |
| Aster XPTUSDT | +0.1107% | 4h | 1,793.2 | −0.043% | $14K | $9K | 20x | as long as short |
| edgeX XPTUSDC | +0.1125% | 4h | 1,796.6 | +0.142% | $39K | $283K | 10x | as long as short |
| BloFin XPT-USDT | +0.1151% | 4h | 1,796.7 | +0.148% | $89K | $68K | 100x | as long as short |
| MEXC XPT_USDT | +0.1154% | 4h | 1,793.1 | −0.050% | $23.5M | $601K | 100x | as long as short |
| Binance XPTUSDT | +0.1159% | 4h | 1,796.3 | +0.128% | $4.5M | $4.3M | 100x | as long as short |
| OKX XPT-USDT-SWAP | +0.1191% | 8h | 1,796.3 | +0.128% | $954K | $619K | 50x | as long as short |
| Bitget XPTUSDT | +0.1222% | 4h | 1,794.5 | +0.030% | $1.4M | $471K | 100x | as long as short |
| Extended XPT-USD | +0.1248% | 1h | 1,790.9 | −0.175% | $205K | $618K | 10x | as long as short |
| GRVT XPT_USDT_Perpshort | +0.1586% | 4h | 1,796.3 | +0.129% | $205K | $812K | 25x |
Lighter XPT
Variational Omni XPT
Aster XPTUSDT
edgeX XPTUSDC
BloFin XPT-USDT
MEXC XPT_USDT
Binance XPTUSDT
OKX XPT-USDT-SWAP
Bitget XPTUSDT
Extended XPT-USD