Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: GRVT against HTX+0.496%77s7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1111.112% of the position

Long on HTX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 3 days (all we have)−0.950%−$95 · spread now +0.496%, 7d avg −0.011%

Together, before fees−0.970%+ Points / potential airdropGRVT: Active · farm board−$97 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: GRVT is 0.507% dearer against HTX than usual: you sell high and buy low, +$51 on $10k if it goes back to its 7-day average of −0.011%. The two prices were read 77 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	HTX ARB-USDT	0.2214	0.0100	pay 0.0100% / 8h	6h 32m	$298K	$1.0M	50x
Short	GRVT ARB_USDT_Perp	0.2225	0.0100	get 0.0100% / 8h	6h 32m	$473K	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against HTX. 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 HTXbpFee GRVTbpOrdersPrice spread, now +0.496%Rate

Funding earned: $0
Price spread: +0.496% → −0.011%: $50.7
Slippage, 4 orders: −$90.2
Fee HTX: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$60.5
Costs to cover: 1.112%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; GRVT: live order book, 2 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 HTX live order book, 1 min ago	11.94 bp	50.7 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	2.26 bp	13.9 bp −$14	54.3 bp −$543	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	0.2212	−0.090%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0240%	1h	0.2216	+0.081%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0223%	1h	0.2212	−0.081%	$10K	$2.5M	5x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0202%	1h	0.2213	−0.068%	$24K	$34K	25x	as long as short
Variational Omni ARB	−0.0176%	8h	0.2226	+0.560%	$1.9M	$2.9M	—	as long as short
ApeX Omni ARBUSDT	−0.0156%	1h	0.2226	+0.542%	$120K	$296K	50x	as long as short
OKX ARB-USDT-SWAP	−0.0112%	8h	0.2212	−0.077%	$22.4M	$156.9M	50x	as long as short
MEXC ARB_USDT	−0.0111%	8h	0.2213	−0.068%	$40.3M	$59.6M	200x	as long as short
Bybit ARBUSDT	−0.0065%	8h	0.2212	−0.113%	$56.8M	$129.0M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0059%	8h	0.2215	+0.045%	$13K	$381K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARB_USDT	−0.0054%	8h	0.2212	−0.090%	$5.4M	$19.8M	60x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2219	+0.206%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2216	+0.110%	$10K	—	150x	as long as short
Binance ARBUSDT	+0.0005%	8h	0.2212	−0.082%	$64.5M	$318.3M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2211	−0.122%	$353K	$2.5M	25x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2216	+0.070%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2212	−0.086%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2214	−0.009%	$38.2M	$50.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2218	+0.172%	$660K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2218	+0.172%	$42K	$188K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2213	−0.045%	$19.6M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2212	−0.090%	$21.1M	$36.2M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2212	−0.095%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2225	+0.485%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perpshort	+0.0100%	8h	0.2225	+0.496%	$473K	$3.7M	10x
Polymarket Perps ARB-USD	+0.0100%	1h	0.2218	+0.163%	$77K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2215	+0.045%	$1K	$1.1M	30x	as long as short
HTX ARB-USDTlong	+0.0100%	8h	0.2214	long leg	$298K	$1.0M	50x
Phemex ARBUSDT	+0.0100%	8h	0.2213	−0.045%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2219	+0.226%	$508K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2217	+0.119%	$828K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2216	+0.091%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2213	−0.041%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2219	+0.214%	$470K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0537%	1h	0.2216	+0.072%	$998K	$2.9M	20x	as long as short