Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: GRVT against dYdX−0.026%50s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.026% cheaper against dYdX than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$3 a day). The two prices were read 50 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	dYdX ARB-USD	0.2205	0	get 0.0000% / 1h	27m 50s	$65K	$5K	10x
Short	GRVT ARB_USDT_Perp	0.2204	0.0100	get 0.0100% / 8h	4h 27m	$477K	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against dYdX. 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 dYdXbpFee GRVTbpOrdersPrice spread, now −0.026%Rate

Funding earned: $21
Price spread: −0.026% → 0.000%: −$2.64
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$0.64
Costs to cover: 0.190%
Break-even: 7.2 days

Slippage unknown: dYdX: no order-book sample; GRVT: live order book, 1 min ago. Net counts fees only.

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 dYdX no order-book sample	—	—	—	—	—
Sell GRVT live order book, 1 min ago	2.27 bp	16.1 bp −$16	82.0 bp −$820	doesn't fit	doesn't fit

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1649%	1h	0.2206	+0.064%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2203	−0.054%	$7K	$2K	10x	as long as short
OKX ARB-USDT-SWAP	−0.0133%	8h	0.2206	+0.073%	$22.2M	$149.0M	50x	as long as short
MEXC ARB_USDT	−0.0131%	8h	0.2206	+0.064%	$42.1M	$60.7M	200x	as long as short
Polymarket Perps ARB-USD	−0.0130%	1h	0.2204	−0.026%	$91K	$2.2M	10x	as long as short
Variational Omni ARB	−0.0107%	8h	0.2202	−0.105%	$1.8M	$2.9M	—	as long as short
Orderly PERP_ARB_USDC	−0.0074%	8h	0.2204	−0.026%	$12K	$395K	10x	as long as short
Gate ARB_USDT	−0.0070%	8h	0.2206	+0.073%	$5.3M	$18.8M	60x	as long as short
Bybit ARBUSDT	−0.0028%	8h	0.2205	+0.037%	$55.7M	$126.9M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2205	+0.010%	$1.1M	$4.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USDlong	0.0000%	1h	0.2205	long leg	$65K	$5K	10x
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2204	−0.013%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2205	+0.040%	$32K	—	150x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2204	−0.013%	$352K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0017%	8h	0.2207	+0.087%	$64.2M	$307.9M	75x	as long as short
BloFin ARB-USDT	+0.0059%	8h	0.2211	+0.287%	$3.1M	$2.6M	75x	as long as short
BingX ARB-USDC	+0.0064%	8h	0.2208	+0.146%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0066%	8h	0.2205	+0.019%	$21.0M	$34.9M	50x	as long as short
SoDEX ARB-USD	+0.0072%	1h	0.2204	−0.022%	$10K	$2.3M	5x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2205	+0.019%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2204	−0.022%	$1.2M	$5.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2208	+0.173%	$37.9M	$48.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2206	+0.056%	$635K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2205	+0.004%	$42K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2207	+0.110%	$19.6M	$15.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2203	−0.083%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perpshort	+0.0100%	8h	0.2204	−0.026%	$477K	$3.6M	10x
ApeX Omni ARBUSDT	+0.0100%	1h	0.2195	−0.435%	$118K	$284K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2207	+0.110%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2205	−0.004%	$299K	$952K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2203	−0.072%	$4.9M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2213	+0.382%	$494K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2205	+0.007%	$462K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2205	+0.023%	$831K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2205	+0.019%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0635%	1h	0.2207	+0.123%	$994K	$2.8M	20x	as long as short