Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: GRVT against Gate−0.081%51s7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2,189as 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−$2,18621.857% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 3 days (all we have)+0.277%+$28 · spread now −0.081%, 7d avg −0.019%

Together, before fees+0.243%+ Points / potential airdropGRVT: Active · farm board+$24 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 0.063% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.019%. The two prices were read 51 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	Gate BASED_USDT	0.06817	0.0100	pay 0.0050% / 4h	16m 25s	$542K	$538K	50x
Short	GRVT BASED_USDT_Perp	0.06811	0.0100	get 0.0050% / 4h	16m 25s	$99K	$374K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Gate. 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 GatebpFee GRVTbpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → −0.019%: −$6.26
Slippage, 4 orders: −$2,161.66
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$2,191.93
Costs to cover: 21.857%
Break-even: never at this rate

Slippage from Gate: live order book, 59 min ago; GRVT: live order book, 61 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 Gate live order book, 59 min ago	5.87 bp	35.0 bp −$35	5826.6 bp −$58.3K	doesn't fit	doesn't fit
Sell GRVT live order book, 61 min ago	278.82 bp	839.9 bp −$840	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
Binance BASEDUSDT	+0.0100%	4h	0.06821	+0.059%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06814	−0.044%	$2.1M	$594K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06820	+0.044%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDTlong	+0.0100%	4h	0.06817	long leg	$542K	$538K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06825	+0.117%	$4.8M	$645K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06807	−0.147%	$571K	$69K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06833	+0.235%	$1.3M	$370K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06819	+0.029%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06795	−0.322%	$93K	$21K	—	as long as short
GRVT BASED_USDT_Perpshort	+0.0100%	4h	0.06811	−0.081%	$99K	$374K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06812	−0.073%	$1K	$823K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06825	+0.112%	$5K	$226K	5x	as long as short
BloFin BASED-USDT	+0.0121%	4h	0.06826	+0.132%	$252K	$41K	25x	as long as short
Aster BASEDUSDT	+0.0280%	4h	0.06819	+0.025%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0321%	4h	0.06819	+0.029%	$3K	$652	10x	as long as short