Funding you earn now, next payment 08:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.23 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against BloFin−0.234%81s7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as 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−$700.705% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now −0.234%, 7d avg +0.028%
=Funding pays, the price is against you. Binance is 0.262% cheaper against BloFin than usual: you would sell low and buy high (spread −0.234% now, against its 7-day average of +0.028%). If the spread goes back, that is −$26 on $10k: about 39 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.010% in total) that is about 6 months. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin GRT-USDT | 0.02382 | 0.0077 | pay 0.0077% / 8h | 5h 05m | $181K | $228K | 75x |
| Short | Binance GRTUSDT | 0.02376 | 0.0100 | get 0.0100% / 8h | 5h 05m | $3.7M | $8.5M | 75x |
BloFin GRT-USDT
Binance GRTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $4.75
- Price spread: −0.234% → +0.028%
- −$26.21
- Slippage, 4 orders
- −$48.5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$91.95
- Costs to cover
- 0.705%
- Break-even
- 142.4 days
Slippage from BloFin: live order book, 32 min ago; Binance: live order book, 3 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 BloFin live order book, 32 min ago | 4.21 bp | 21.1 bp −$21 | 45.3 bp −$453 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 2.10 bp | 20.1 bp −$20 | 52.2 bp −$522 | doesn't fit | doesn't fit |
GRT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GRTUSD | −0.1345% | 1h | 0.02384 | +0.099% | $289K | $57K | 20x | as long as short |
| Variational Omni GRT | −0.0143% | 8h | 0.02374 | −0.334% | $116K | $100K | — | as long as short |
| gTrade (Gains Network) GRT/USD | L +0.0024% / S +0.0001% | 1h | 0.02383 | +0.037% | $651 | — | 150x | as long as short |
| Injective GRT/USDC PERP | +0.0033% | 1h | 0.02217 | −6.927% | — | $8K | 5.5x | as long as short |
| BloFin GRT-USDTlong | +0.0077% | 8h | 0.02382 | long leg | $181K | $228K | 75x | |
| Bybit GRTUSDT | +0.0089% | 8h | 0.02375 | −0.294% | $2.9M | $2.2M | 75x | as long as short |
| Binance GRTUSDTshort | +0.0100% | 8h | 0.02376 | −0.234% | $3.7M | $8.5M | 75x | |
| OKX GRT-USDT-SWAP | +0.0100% | 8h | 0.02374 | −0.336% | $639K | $818K | 20x | as long as short |
| Gate GRT_USDT | +0.0100% | 8h | 0.02379 | −0.126% | $460K | $430K | 50x | as long as short |
| MEXC GRT_USDT | +0.0100% | 8h | 0.02377 | −0.210% | $2.0M | $1.2M | 200x | as long as short |
Kraken Futures PF_GRTUSD
Variational Omni GRT
gTrade (Gains Network) GRT/USD
Injective GRT/USDC PERP
Bybit GRTUSDT
OKX GRT-USDT-SWAP
Gate GRT_USDT
MEXC GRT_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GRTUSDTM | +0.0100% | 8h | 0.02379 | −0.126% | $1.1M | $646K | 50x | as long as short |
| Bitget GRTUSDT | +0.0100% | 8h | 0.02383 | +0.042% | $2.4M | $699K | 75x | as long as short |
| BingX GRT-USDT | +0.0100% | 8h | 0.02379 | −0.126% | — | $2.4M | — | as long as short |
KuCoin GRTUSDTM
Bitget GRTUSDT
BingX GRT-USDT