Funding arb · Price arb /

BARD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against GRVT−0.005%71s7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$230as 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−$2542.535% of the position

Long on GRVT Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.238%+$24 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.005%, 7d avg +0.020%

Together, before fees+0.248%+ Points / potential airdropGRVT: Active · farm board+$25 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: OKX is 0.024% cheaper against GRVT than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.020%. The two prices were read 71 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	GRVT BARD_USDT_Perp	0.1375	0.0100	pay 0.0050% / 4h	28m 22s	$147K	$524K	10x
Short	OKX BARD-USDT-SWAP	0.1375	0.0100	get 0.0050% / 4h	28m 22s	$721K	$995K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → +0.020%: −$2.44
Slippage, 4 orders: −$234.53
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$255.97
Costs to cover: 2.535%
Break-even: never at this rate

Slippage from GRVT: live order book, 29 min ago; OKX: live order book, 28 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, 29 min ago	7.30 bp	134.1 bp −$134	2313.9 bp −$23.1K	doesn't fit	doesn't fit
Sell OKX live order book, 28 min ago	7.26 bp	30.4 bp −$30	1057.7 bp −$10.6K	doesn't fit	doesn't fit

BARD on 12 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
BingX BARD-USDT	+0.0070%	4h	0.1375	−0.005%	—	$6.5M	—	as long as short
Aster BARDUSDT	+0.0100%	4h	0.1377	+0.150%	$18K	$16K	5x	as long as short
Binance BARDUSDT	+0.0100%	4h	0.1376	+0.039%	$2.2M	$1.8M	25x	as long as short
Bybit BARDUSDT	+0.0100%	4h	0.1376	+0.097%	$1.1M	$344K	25x	as long as short
OKX BARD-USDT-SWAPshort	+0.0100%	4h	0.1375	−0.005%	$721K	$995K	20x
Gate BARD_USDT	+0.0100%	4h	0.1376	+0.068%	$193K	$30K	20x	as long as short
MEXC BARD_USDT	+0.0100%	4h	0.1377	+0.141%	$739K	$175K	50x	as long as short
KuCoin BARDUSDTM	+0.0100%	4h	0.1372	−0.245%	$104K	$60K	25x	as long as short
Bitget BARDUSDT	+0.0100%	4h	0.1376	+0.068%	$1.1M	$136K	20x	as long as short
Variational Omni BARD	+0.0100%	4h	0.1375	+0.003%	$12K	$1	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BARD_USDT_Perplong	+0.0100%	4h	0.1375	long leg	$147K	$524K	10x
BloFin BARD-USDT	+0.0106%	4h	0.1375	−0.005%	$118K	$5K	25x	as long as short