Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against GRVT−0.201%7-day average −0.029% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$810.813% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.277%+$28 · spread now −0.201%, 7d avg −0.029%

Together, before fees+0.277%+ Points / potential airdropGRVT: Active · farm board+$28 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.172% cheaper against GRVT than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ARB_USDT_Perp	0.2219	0.0100	pay 0.0100% / 8h	7h 13m	$474K	$3.6M	10x
Short	KuCoin ARBUSDTM	0.2215	0.0100	get 0.0100% / 8h	7h 13m	$19.2M	$13.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.201%Rate

Funding earned: $0
Price spread: −0.201% → −0.029%: −$17.21
Slippage, 4 orders: −$60.3
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$98.51
Costs to cover: 0.813%
Break-even: never at this rate

Slippage from GRVT: live order book, 6 min ago; KuCoin: live order book, 5 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, 6 min ago	2.26 bp	15.9 bp −$16	42.5 bp −$425	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.68 bp	27.8 bp −$28	51.7 bp −$517	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	−0.1605%	1h	0.2213	−0.269%	$40K	$372K	12x	as long as short
Phemex ARBUSDT	−0.0228%	8h	0.2219	+0.001%	$4.9M	$12.7M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0166%	1h	0.2220	+0.026%	$1.1M	$4.3M	50x	as long as short
SoDEX ARB-USD	−0.0164%	1h	0.2219	−0.012%	$9K	$2.3M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0106%	8h	0.2212	−0.314%	$22.4M	$146.9M	50x	as long as short
MEXC ARB_USDT	−0.0105%	8h	0.2213	−0.251%	$44.6M	$63.9M	200x	as long as short
01 Exchange ARBUSD	−0.0064%	1h	0.2215	−0.161%	$7K	$458	10x	as long as short
Gate ARB_USDT	−0.0057%	8h	0.2213	−0.264%	$5.4M	$18.4M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2213	−0.269%	$16K	$412K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2217	−0.106%	$65K	$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	0.2220	+0.028%	$28K	$38K	25x	as long as short
Bybit ARBUSDT	+0.0004%	8h	0.2213	−0.287%	$54.2M	$124.9M	50x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2214	−0.205%	$74K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2214	−0.234%	$366K	$3.0M	25x	as long as short
Binance ARBUSDT	+0.0010%	8h	0.2214	−0.240%	$63.9M	$298.3M	75x	as long as short
Variational Omni ARB	+0.0026%	8h	0.2217	−0.074%	$1.8M	$3.0M	—	as long as short
BloFin ARB-USDT	+0.0040%	8h	0.2220	+0.051%	$3.0M	$2.4M	75x	as long as short
Bitget ARBUSDT	+0.0053%	8h	0.2213	−0.269%	$21.2M	$34.6M	50x	as long as short
BingX ARB-USDT	+0.0058%	8h	0.2213	−0.278%	—	$32.6M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2219	+0.010%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2217	−0.071%	$1.3M	$5.6M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2217	−0.098%	$36.0M	$51.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2216	−0.128%	$633K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2217	−0.077%	$44K	$147K	10x	as long as short
KuCoin ARBUSDTMshort	+0.0100%	8h	0.2215	−0.201%	$19.2M	$13.9M	75x
edgeX ARBUSDC	+0.0100%	4h	0.2218	−0.061%	$40K	$468K	20x	as long as short
GRVT ARB_USDT_Perplong	+0.0100%	8h	0.2219	long leg	$474K	$3.6M	10x
ApeX Omni ARBUSDT	+0.0100%	1h	0.2218	−0.044%	$120K	$290K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2217	−0.111%	$74K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2221	+0.092%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2219	+0.001%	$298K	$827K	50x	as long as short
RISEx ARB/USDC	+0.0123%	1h	0.2217	−0.095%	$540K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2214	−0.208%	$837K	—	150x	as long as short
Backpack ARB_USDC_PERP	+0.0276%	1h	0.2221	+0.105%	$992K	$2.8M	20x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2212	−0.293%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2229	+0.439%	$532K	$1.6M	50x	as long as short