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: GRVT against KuCoin+0.202%7-day average +0.029% · 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−$64as in the Price arb table

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

Long on KuCoin Short on GRVT

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 +0.202%, 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: GRVT is 0.172% dearer against KuCoin than usual: you sell high and buy low, +$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	KuCoin ARBUSDTM	0.2215	0.0100	pay 0.0100% / 8h	7h 13m	$19.2M	$13.9M	75x
Short	GRVT ARB_USDT_Perp	0.2219	0.0100	get 0.0100% / 8h	7h 13m	$474K	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against KuCoin. 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 KuCoinbpFee GRVTbpOrdersPrice spread, now +0.202%Rate

Funding earned: $0
Price spread: +0.202% → +0.029%: $17.25
Slippage, 4 orders: −$60.3
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$64.05
Costs to cover: 0.813%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; GRVT: live order book, 6 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 KuCoin live order book, 5 min ago	0.68 bp	19.5 bp −$19	44.3 bp −$443	doesn't fit	doesn't fit
Sell GRVT live order book, 6 min ago	2.26 bp	18.1 bp −$18	43.2 bp −$432	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	0.2210	−0.203%	$40K	$372K	12x	as long as short
Phemex ARBUSDT	−0.0197%	8h	0.2216	+0.068%	$4.9M	$12.7M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0167%	1h	0.2214	−0.015%	$1.1M	$4.3M	50x	as long as short
SoDEX ARB-USD	−0.0165%	1h	0.2213	−0.081%	$9K	$2.2M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0106%	8h	0.2212	−0.104%	$22.4M	$146.9M	50x	as long as short
MEXC ARB_USDT	−0.0105%	8h	0.2213	−0.050%	$44.6M	$63.9M	200x	as long as short
01 Exchange ARBUSD	−0.0064%	1h	0.2215	+0.041%	$7K	$458	10x	as long as short
Gate ARB_USDT	−0.0057%	8h	0.2213	−0.063%	$5.4M	$18.4M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2213	−0.068%	$16K	$412K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2217	+0.096%	$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	0.2214	−0.036%	$28K	$37K	25x	as long as short
Bybit ARBUSDT	+0.0004%	8h	0.2213	−0.072%	$54.2M	$124.9M	50x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2214	−0.004%	$74K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2212	−0.118%	$366K	$3.0M	25x	as long as short
Binance ARBUSDT	+0.0010%	8h	0.2213	−0.054%	$63.9M	$298.3M	75x	as long as short
Variational Omni ARB	+0.0026%	8h	0.2217	+0.128%	$1.8M	$3.0M	—	as long as short
BloFin ARB-USDT	+0.0038%	8h	0.2215	+0.009%	$3.0M	$2.4M	75x	as long as short
Bitget ARBUSDT	+0.0053%	8h	0.2213	−0.068%	$21.2M	$34.6M	50x	as long as short
BingX ARB-USDC	+0.0058%	8h	0.2214	−0.036%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2215	+0.001%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2215	0.000%	$1.3M	$5.6M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2217	+0.104%	$36.0M	$51.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2216	+0.060%	$633K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2217	+0.125%	$44K	$147K	10x	as long as short
KuCoin ARBUSDTMlong	+0.0100%	8h	0.2215	long leg	$19.2M	$13.9M	75x
edgeX ARBUSDC	+0.0100%	4h	0.2218	+0.140%	$40K	$468K	20x	as long as short
GRVT ARB_USDT_Perpshort	+0.0100%	8h	0.2219	+0.202%	$474K	$3.6M	10x
ApeX Omni ARBUSDT	+0.0100%	1h	0.2218	+0.158%	$120K	$290K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2217	+0.090%	$74K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2215	+0.023%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2215	+0.036%	$298K	$826K	50x	as long as short
RISEx ARB/USDC	+0.0123%	1h	0.2217	+0.106%	$540K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2214	−0.006%	$837K	—	150x	as long as short
Backpack ARB_USDC_PERP	+0.0276%	1h	0.2221	+0.307%	$992K	$2.8M	20x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2212	−0.092%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2229	+0.641%	$532K	$1.6M	50x	as long as short