Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.100%

Price spread now: GRVT against Coinbase International−0.189%7-day average −0.189% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$750.751% of the position

Long on Coinbase International Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.254%−$25 on $10k

Price spread, last 3 days (all we have)−2.569%−$257 · spread now −0.189%, 7d avg −0.189%

Together, before fees−2.823%+ Points / potential airdropGRVT: Active · farm board−$282 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.189%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2215	0.0288	pay 0.0036% / 1h	51m 24s	$506K	$2.5M	50x
Short	GRVT ARB_USDT_Perp	0.2211	0.0100	get 0.0100% / 8h	2h 51m	$470K	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee GRVTbpOrdersPrice spread, now −0.189%Rate

Funding earned: −$39.48
Price spread: −0.189% → −0.189%: $0.01
Slippage, 4 orders: −$56.07
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$114.54
Costs to cover: 0.751%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; GRVT: 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 Coinbase International live order book, 2 min ago	7.90 bp	21.8 bp −$22	39.7 bp −$397	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	2.26 bp	15.0 bp −$15	50.0 bp −$500	doesn't fit	doesn't fit

ARB on 36 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
Injective ARB/USDC PERP	−0.1675%	1h	0.2197	−0.813%	$40K	$107K	12x	as long as short
01 Exchange ARBUSD	−0.0448%	1h	0.2209	−0.262%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0246%	8h	0.2210	−0.221%	$57.5M	$134.8M	50x	as long as short
ApeX Omni ARBUSDT	−0.0239%	1h	0.2215	0.000%	$120K	$297K	50x	as long as short
Variational Omni ARB	−0.0192%	8h	0.2210	−0.242%	$1.9M	$2.8M	—	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0111%	1h	0.2214	−0.027%	$36K	$18K	25x	as long as short
MEXC ARB_USDT	−0.0062%	8h	0.2211	−0.190%	$37.4M	$63.0M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0061%	8h	0.2210	−0.212%	$22.1M	$163.9M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0054%	1h	0.2214	−0.028%	$1.1M	$5.2M	50x	as long as short
Polymarket Perps ARB-USD	−0.0037%	1h	0.2211	−0.181%	$76K	$2.3M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX ARB-USD	−0.0014%	1h	0.2213	−0.108%	$4K	$2.9M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0007%	8h	0.2214	−0.045%	$10K	$382K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2211	−0.181%	$65K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2209	−0.271%	$351K	$2.5M	25x	as long as short
BloFin ARB-USDT	+0.0001%	8h	0.2206	−0.411%	$3.0M	$3.3M	75x	as long as short
Binance ARBUSDT	+0.0003%	8h	0.2211	−0.199%	$63.0M	$325.9M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2212	−0.124%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0019%	8h	0.2210	−0.248%	$5.5M	$21.5M	60x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2212	−0.130%	$145K	$12K	3x	as long as short
Bitget ARBUSDT	+0.0082%	8h	0.2209	−0.271%	$20.8M	$38.9M	50x	as long as short
BingX ARB-USDC	+0.0083%	8h	0.2210	−0.212%	—	$6.5M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2211	−0.190%	$1.3M	$7.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2213	−0.113%	$39.6M	$53.0M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2212	−0.144%	$688K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2212	−0.155%	$46K	$206K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2211	−0.185%	$20.3M	$17.2M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2212	−0.139%	$38K	$449K	20x	as long as short
GRVT ARB_USDT_Perpshort	+0.0100%	8h	0.2211	−0.189%	$470K	$4.3M	10x
SunX ARB-USDT	+0.0100%	8h	0.2213	−0.090%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2213	−0.072%	$272K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2213	−0.090%	$5.3M	$13.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0275% / S −0.0168%	1h	0.2213	−0.093%	$811K	—	150x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0288%	1h	0.2215	long leg	$506K	$2.5M	50x
Reya ARBRUSDPERP	+0.0291%	1h	0.2211	−0.198%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0402%	1h	0.2216	+0.027%	$1.1M	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2212	−0.124%	$485K	$2.9M	10x	as long as short