Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.003%

Price spread now: Aevo against GRVT−0.010%7-day average +0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$181as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1781.781% of the position

Long on GRVT Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 4 days (all we have)+0.666%+$67 · spread now −0.010%, 7d avg +0.071%

Together, before fees+0.642%+ Points / potential airdropGRVT: Active · farm board+$64 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aevo is 0.081% cheaper against GRVT than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.071%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ARB_USDT_Perp	0.2189	0.0100	pay 0.0100% / 8h	52m 48s	$467K	$3.6M	10x
Short	Aevo ARB-PERP	0.2189	0.0080	get 0.0010% / 1h	52m 48s	$139K	$7K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GRVT. 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 GRVTbpFee AevobpOrdersPrice spread, now −0.010%Rate

Funding earned: −$4.2
Price spread: −0.010% → +0.071%: −$8.1
Slippage, 4 orders: −$153.08
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$190.38
Costs to cover: 1.781%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; Aevo: live order book, 46 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 GRVT live order book, 1 min ago	2.28 bp	15.2 bp −$15	114.9 bp −$1,149	doesn't fit	doesn't fit
Sell Aevo live order book, 46 min ago	38.44 bp	70.1 bp −$70	doesn't fit	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	−0.1612%	1h	0.2181	−0.386%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0184%	1h	0.2189	−0.002%	$7K	$236	10x	as long as short
OKX ARB-USDT-SWAP	−0.0088%	8h	0.2190	+0.030%	$22.0M	$144.8M	50x	as long as short
MEXC ARB_USDT	−0.0088%	8h	0.2190	+0.039%	$42.2M	$61.6M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2188	−0.066%	$12K	$407K	10x	as long as short
Variational Omni ARB	−0.0027%	8h	0.2184	−0.265%	$1.8M	$3.0M	—	as long as short
Polymarket Perps ARB-USD	−0.0007%	1h	0.2189	−0.020%	$67K	$2.1M	10x	as long as short
Bybit ARBUSDT	−0.0005%	8h	0.2190	+0.030%	$53.7M	$126.3M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2190	+0.041%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2190	+0.003%	$28K	$38K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2189	+0.001%	$44K	—	150x	as long as short
Binance ARBUSDT	+0.0006%	8h	0.2190	+0.047%	$62.6M	$301.5M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2189	−0.003%	$349K	$3.0M	25x	as long as short
SoDEX ARB-USD	+0.0013%	1h	0.2189	−0.007%	$9K	$2.2M	5x	as long as short
Gate ARB_USDT	+0.0016%	8h	0.2191	+0.062%	$5.4M	$18.3M	60x	as long as short
BloFin ARB-USDT	+0.0026%	8h	0.2190	+0.016%	$3.0M	$2.3M	75x	as long as short
RISEx ARB/USDC	+0.0069%	1h	0.2190	+0.034%	$488K	$2.6M	10x	as long as short
BingX ARB-USDC	+0.0074%	8h	0.2190	+0.003%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0076%	8h	0.2190	+0.025%	$21.1M	$34.7M	50x	as long as short
Aevo ARB-PERPshort	+0.0080%	1h	0.2189	−0.010%	$139K	$7K	3x
Kraken Futures PF_ARBUSD	+0.0093%	1h	0.2191	+0.052%	$1.1M	$4.4M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2190	+0.012%	$1.2M	$5.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2191	+0.089%	$37.0M	$49.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2191	+0.055%	$629K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2191	+0.054%	$42K	$148K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2191	+0.066%	$19.5M	$14.2M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2186	−0.137%	$39K	$462K	20x	as long as short
GRVT ARB_USDT_Perplong	+0.0100%	8h	0.2189	long leg	$467K	$3.6M	10x
ApeX Omni ARBUSDT	+0.0100%	1h	0.2186	−0.157%	$118K	$279K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2192	+0.117%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2190	+0.003%	$292K	$833K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2189	−0.020%	$4.8M	$12.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2189	−0.018%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2188	−0.056%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2195	+0.254%	$523K	$1.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0771%	1h	0.2193	+0.153%	$985K	$2.8M	20x	as long as short