Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h 0.000%

Price spread now: Extended against GRVT+0.497%7-day average −0.134% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$690.689% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 7 days−0.617%−$62 · spread now +0.497%, 7d avg −0.134%

Together, before fees−0.735%+ Points / potential airdropGRVT: Active · Extended: Active · farm board−$73 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.632% dearer against GRVT than usual: you sell high and buy low (spread +0.497% now, against its 7-day average of −0.134%): +$63 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ARB_USDT_Perp	0.2206	0.0100	pay 0.0100% / 8h	6h 07m	$479K	$3.7M	10x
Short	Extended ARB-USD	0.2217	−0.0008	pay 0.0001% / 1h	7m 24s	$352K	$2.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.497%Rate

Funding earned: −$22.68
Price spread: +0.497% → −0.134%: $63.18
Slippage, 4 orders: −$54.92
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$28.42
Costs to cover: 0.689%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; Extended: live order book, 1 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	2.26 bp	15.0 bp −$15	73.4 bp −$734	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	15.85 bp	18.4 bp −$18	79.0 bp −$790	doesn't fit	doesn't fit

ARB on 35 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	−0.1692%	1h	0.2195	−0.504%	$40K	$372K	12x	as long as short
SoDEX ARB-USD	−0.0246%	1h	0.2217	+0.511%	$10K	$2.5M	5x	as long as short
01 Exchange ARBUSD	−0.0216%	1h	0.2218	+0.561%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0157%	8h	0.2213	+0.328%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0128%	8h	0.2216	+0.466%	$22.4M	$155.4M	50x	as long as short
MEXC ARB_USDT	−0.0127%	8h	0.2217	+0.475%	$39.0M	$60.2M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0068%	8h	0.2216	+0.448%	$12K	$382K	10x	as long as short
Gate ARB_USDT	−0.0060%	8h	0.2218	+0.556%	$5.4M	$20.0M	60x	as long as short
Bybit ARBUSDT	−0.0040%	8h	0.2216	+0.461%	$56.5M	$128.3M	50x	as long as short
Extended ARB-USDshort	−0.0008%	1h	0.2217	+0.497%	$352K	$2.5M	25x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0004%	8h	0.2218	+0.555%	$64.6M	$315.8M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2220	+0.650%	$66K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2217	+0.479%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2219	+0.605%	$10K	—	150x	as long as short
ApeX Omni ARBUSDT	+0.0059%	1h	0.2208	+0.085%	$119K	$286K	50x	as long as short
Phemex ARBUSDT	+0.0079%	8h	0.2217	+0.493%	$5.0M	$12.9M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2217	+0.507%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2221	+0.656%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2218	+0.543%	$38.7M	$51.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2221	+0.683%	$661K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2220	+0.644%	$42K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2217	+0.502%	$19.6M	$15.7M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2216	+0.448%	$21.2M	$36.1M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2217	+0.475%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2206	+0.014%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perplong	+0.0100%	8h	0.2206	long leg	$479K	$3.7M	10x
Polymarket Perps ARB-USD	+0.0100%	1h	0.2217	+0.511%	$98K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2214	+0.357%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2218	+0.538%	$298K	$991K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2217	+0.497%	$507K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2220	+0.621%	$827K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2216	+0.451%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2218	+0.533%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2220	+0.627%	$481K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0525%	1h	0.2224	+0.797%	$1.0M	$2.8M	20x	as long as short