Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.098%

Price spread now: Coinbase International against GRVT+0.082%7-day average +0.186% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$760.763% of the position

Long on GRVT Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.256%+$26 on $10k

Price spread, last 3 days (all we have)+0.635%+$64 · spread now +0.082%, 7d avg +0.186%

Together, before fees+0.891%+ Points / potential airdropGRVT: Active · farm board+$89 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.104% cheaper against GRVT than usual: you would sell low and buy high (spread +0.082% now, against its 7-day average of +0.186%). If the spread goes back, that is −$10 on $10k: about 3.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ARB_USDT_Perp	0.2277	0.0100	pay 0.0100% / 8h	29m 34s	$487K	$3.6M	10x
Short	Coinbase International ARB-PERP-INTX	0.2279	0.0216	get 0.0027% / 1h	29m 34s	$513K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.082%Rate

Funding earned: $24.36
Price spread: +0.082% → +0.186%: −$10.38
Slippage, 4 orders: −$57.26
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$62.28
Costs to cover: 0.763%
Break-even: 24.9 days

Slippage from GRVT: live order book, 4 min ago; Coinbase International: live order book, 4 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, 4 min ago	4.39 bp	12.4 bp −$12	104.1 bp −$1,041	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	6.58 bp	23.1 bp −$23	47.3 bp −$473	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	−0.1785%	1h	0.2270	−0.313%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0265%	1h	0.2278	+0.060%	$75K	$2.0M	10x	as long as short
Variational Omni ARB	−0.0184%	8h	0.2276	−0.050%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2279	+0.069%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0161%	8h	0.2278	+0.043%	$58.6M	$128.3M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0107%	8h	0.2278	+0.029%	$23.0M	$160.4M	50x	as long as short
MEXC ARB_USDT	−0.0106%	8h	0.2280	+0.126%	$38.3M	$59.7M	200x	as long as short
SoDEX ARB-USD	−0.0062%	1h	0.2277	−0.001%	$4K	$2.6M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0040%	8h	0.2279	+0.082%	$13K	$395K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2282	+0.231%	$67K	$4K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2279	+0.086%	$26K	$32K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2280	+0.105%	$55K	—	150x	as long as short
Gate ARB_USDT	+0.0007%	8h	0.2280	+0.130%	$5.5M	$20.2M	60x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2278	+0.059%	$363K	$2.3M	25x	as long as short
Binance ARBUSDT	+0.0014%	8h	0.2280	+0.132%	$66.8M	$312.6M	75x	as long as short
BloFin ARB-USDT	+0.0043%	8h	0.2276	−0.050%	$3.1M	$2.8M	75x	as long as short
Bitget ARBUSDT	+0.0066%	8h	0.2280	+0.126%	$21.5M	$35.9M	50x	as long as short
BingX ARB-USDT	+0.0067%	8h	0.2280	+0.126%	—	$53.6M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2280	+0.114%	$149K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2283	+0.240%	$1.4M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2282	+0.218%	$41.5M	$47.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2280	+0.143%	$710K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2282	+0.214%	$48K	$184K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2281	+0.170%	$19.8M	$16.2M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2278	+0.046%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perplong	+0.0100%	8h	0.2277	long leg	$487K	$3.6M	10x
ApeX Omni ARBUSDT	+0.0100%	1h	0.2278	+0.038%	$123K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2281	+0.170%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2280	+0.117%	$291K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2278	+0.038%	$5.2M	$13.1M	50x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0216%	1h	0.2279	+0.082%	$513K	$2.3M	50x
Kraken Futures PF_ARBUSD	+0.0235%	1h	0.2279	+0.085%	$1.2M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2278	+0.044%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0296% / S −0.0186%	1h	0.2280	+0.119%	$932K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2281	+0.186%	$504K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0489%	1h	0.2283	+0.236%	$928K	$2.8M	20x	as long as short