Funding you earn now, next payment 00:00 UTC+0.1295%/8h= +141.8% APRnext payment +$6.47 per $10,000 · paid last 24h +0.024%
Price spread now: Binance against BloFin−0.141%101s7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as 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−$1001.001% of the position
Funding, last 7 days+0.565%+$57 on $10k
+Price spread, last 3 days (all we have)+0.361%+$36 · spread now −0.141%, 7d avg −0.013%
=Funding pays, the price is against you. Binance is 0.128% cheaper against BloFin than usual: you would sell low and buy high (spread −0.141% now, against its 7-day average of −0.013%). If the spread goes back, that is −$13 on $10k: about 8 hours of funding at the current rate (+$39 a day). At the pace of the last 7 days (+0.565% in total) that is about 38 hours. The two prices were read 101 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 0.565% in total (about 29.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.47 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 | BloFin GRVT-USDT | 0.1930 | 0.0054 | pay 0.0027% / 4h | 1h 17m | $240K | $70K | 20x |
| Short | Binance GRVTUSDT | 0.1928 | 0.1349 | get 0.0674% / 4h | 1h 17m | $5.3M | $2.7M | 25x |
BloFin GRVT-USDT
Binance GRVTUSDTFunding 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
- $271.89
- Price spread: −0.141% → −0.013%
- −$12.85
- Slippage, 4 orders
- −$78.08
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $158.96
- Costs to cover
- 1.001%
- Break-even
- 2.9 days
Slippage from BloFin: live order book, 58 min ago; Binance: live order book, 5 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, 58 min ago | 0.26 bp | 22.9 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 2.59 bp | 29.5 bp −$30 | 208.8 bp −$2,088 | doesn't fit | doesn't fit |
GRVT on 14 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 GRVT-USDTlong | +0.0054% | 4h | 0.1930 | long leg | $240K | $70K | 20x | |
| Bybit GRVTUSDT | +0.0100% | 4h | 0.1931 | +0.057% | $2.8M | $832K | 20x | as long as short |
| OKX GRVT-USDT-SWAP | +0.0100% | 4h | 0.1928 | −0.114% | $2.0M | $1.8M | 20x | as long as short |
| MEXC GRVT_USDT | +0.0100% | 4h | 0.1928 | −0.114% | $3.6M | $130K | 20x | as long as short |
| Bitget GRVTUSDT | +0.0100% | 4h | 0.1928 | −0.098% | $622K | $428K | 20x | as long as short |
| Variational Omni GRVT | +0.0100% | 4h | 0.1933 | +0.161% | $271K | $17K | — | as long as short |
| edgeX GRVTUSDC | +0.0100% | 4h | 0.1931 | +0.043% | $12K | $281K | 10x | as long as short |
| Gate GRVT_USDT | +0.0618% | 4h | 0.1925 | −0.275% | $343K | $54K | 20x | as long as short |
| KuCoin GRVTUSDTM | +0.0964% | 4h | 0.1924 | −0.306% | $248K | $626K | 20x | as long as short |
| GRVT GRVT_USDT_Perp | +0.1230% | 4h | 0.1931 | +0.036% | $304K | $191K | 10x | as long as short |
Bybit GRVTUSDT
OKX GRVT-USDT-SWAP
MEXC GRVT_USDT
Bitget GRVTUSDT
Variational Omni GRVT
edgeX GRVTUSDC
Gate GRVT_USDT
KuCoin GRVTUSDTM
GRVT GRVT_USDT_PerpShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GRVT-USDT | +0.1282% | 4h | 0.1928 | −0.119% | — | $1.6M | — | as long as short |
| Aster GRVTUSDT | +0.1335% | 4h | 0.1926 | −0.223% | $24K | $30K | 5x | as long as short |
| Binance GRVTUSDTshort | +0.1349% | 4h | 0.1928 | −0.141% | $5.3M | $2.7M | 25x | |
| Extended GRVT-USD | +0.1352% | 1h | 0.1927 | −0.147% | $103K | $387K | 5x | as long as short |
BingX GRVT-USDT
Aster GRVTUSDT
Extended GRVT-USD