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 SunX+0.064%74s7-day average −0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs−$205as 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−$2032.031% of the position

Long on SunX 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)−0.626%−$63 · spread now +0.064%, 7d avg −0.110%

Together, before fees−0.646%+ Points / potential airdropGRVT: Active · farm board−$65 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 0.174% dearer against SunX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.110%. The two prices were read 74 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	SunX ARB-USDT	0.2214	0.0100	pay 0.0100% / 8h	6h 08m	$1K	$1.1M	30x
Short	GRVT ARB_USDT_Perp	0.2215	0.0100	get 0.0100% / 8h	6h 08m	$481K	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against SunX. 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 SunXbpFee GRVTbpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → −0.110%: $17.43
Slippage, 4 orders: −$186.13
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$185.7
Costs to cover: 2.031%
Break-even: never at this rate

Slippage from SunX: 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 SunX live order book, 5 min ago	31.55 bp	64.4 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 6 min ago	2.26 bp	22.9 bp −$23	127.0 bp −$1,270	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	−0.858%	$40K	$372K	12x	as long as short
SoDEX ARB-USD	−0.0246%	1h	0.2217	+0.154%	$10K	$2.5M	5x	as long as short
01 Exchange ARBUSD	−0.0224%	1h	0.2213	−0.023%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0157%	8h	0.2213	−0.029%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0128%	8h	0.2216	+0.072%	$22.3M	$155.4M	50x	as long as short
MEXC ARB_USDT	−0.0126%	8h	0.2214	+0.009%	$38.9M	$60.2M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0068%	8h	0.2216	+0.090%	$12K	$382K	10x	as long as short
Gate ARB_USDT	−0.0068%	8h	0.2216	+0.099%	$5.4M	$19.9M	60x	as long as short
Bybit ARBUSDT	−0.0037%	8h	0.2215	+0.054%	$56.5M	$128.3M	50x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2210	−0.165%	$352K	$2.5M	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0006%	8h	0.2216	+0.113%	$64.5M	$316.7M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2214	−0.020%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2217	+0.122%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2217	+0.134%	$10K	—	150x	as long as short
ApeX Omni ARBUSDT	+0.0071%	1h	0.2216	+0.090%	$120K	$286K	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2217	+0.149%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2210	−0.167%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2216	+0.072%	$38.6M	$51.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2210	−0.168%	$658K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2211	−0.135%	$42K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2215	+0.054%	$19.6M	$15.7M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2216	+0.090%	$21.2M	$36.1M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2216	+0.090%	—	$54.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2214	+0.018%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perpshort	+0.0100%	8h	0.2215	+0.064%	$481K	$3.7M	10x
Polymarket Perps ARB-USD	+0.0100%	1h	0.2215	+0.054%	$87K	$2.1M	10x	as long as short
SunX ARB-USDTlong	+0.0100%	8h	0.2214	long leg	$1K	$1.1M	30x
HTX ARB-USDT	+0.0100%	8h	0.2207	−0.334%	$296K	$995K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2207	−0.316%	$5.0M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2209	−0.226%	$505K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2217	+0.150%	$827K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2214	+0.001%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0313%	1h	0.2208	−0.249%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2214	−0.016%	$480K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0520%	1h	0.2209	−0.226%	$997K	$2.8M	20x	as long as short