Funding arb · Price arb /

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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: GRVT against BingX+0.191%84s7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2,270as 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−$2,26622.655% of the position

Long on BingX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.134%+$13 · spread now +0.191%, 7d avg −0.010%

Together, before fees+0.091%+ Points / potential airdropGRVT: Active · farm board+$9 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 0.202% dearer against BingX than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.010%. The two prices were read 84 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	BingX BASED-USDT	0.06807	0.0100	pay 0.0050% / 4h	58m 11s	—	$1.7M	—
Short	GRVT BASED_USDT_Perp	0.06820	0.0100	get 0.0050% / 4h	58m 11s	$94K	$380K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against BingX. 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 BingXbpFee GRVTbpOrdersPrice spread, now +0.191%Rate

Funding earned: $0
Price spread: +0.191% → −0.010%: $20.15
Slippage, 4 orders: −$2,246.52
Fee BingX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$2,245.37
Costs to cover: 22.655%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; GRVT: live order book, 64 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 BingX live order book, 4 min ago	5.14 bp	24.4 bp −$24	86.8 bp −$868	doesn't fit	doesn't fit
Sell GRVT live order book, 64 min ago	306.66 bp	907.5 bp −$907	doesn't fit	doesn't fit	doesn't fit

BASED on 15 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
Aster BASEDUSDT	+0.0100%	4h	0.06816	+0.136%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06815	+0.115%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06795	−0.176%	$2.1M	$683K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06804	−0.044%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06811	+0.059%	$535K	$576K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06815	+0.118%	$4.9M	$585K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06821	+0.206%	$569K	$72K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06819	+0.176%	$1.3M	$366K	25x	as long as short
BingX BASED-USDTlong	+0.0100%	4h	0.06807	long leg	—	$1.7M	—
Variational Omni BASED	+0.0100%	4h	0.06803	−0.065%	$94K	$15K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perpshort	+0.0100%	4h	0.06820	+0.191%	$94K	$380K	10x
SunX BASED-USDT	+0.0100%	4h	0.06810	+0.044%	$1K	$885K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06815	+0.121%	$1K	$197K	5x	as long as short
BloFin BASED-USDT	+0.0155%	4h	0.06824	+0.250%	$260K	$47K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0237%	4h	0.06816	+0.132%	$3K	$664	10x	as long as short