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: Binance against GRVT+0.149%89s7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,860as 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−$1,86618.658% of the position

Long on GRVT Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 3 days (all we have)−0.350%−$35 · spread now +0.149%, 7d avg +0.052%

Together, before fees−0.296%+ Points / potential airdropGRVT: Active · farm board−$30 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: Binance is 0.097% dearer against GRVT than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.052%. The two prices were read 89 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 BASED_USDT_Perp	0.06720	0.0100	pay 0.0050% / 4h	2h 42m	$92K	$372K	10x
Short	Binance BASEDUSDT	0.06730	0.0100	get 0.0050% / 4h	2h 42m	$4.1M	$2.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.149%Rate

Funding earned: $0
Price spread: +0.149% → +0.052%: $9.66
Slippage, 4 orders: −$1,846.76
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1,856.1
Costs to cover: 18.658%
Break-even: never at this rate

Slippage from GRVT: live order book, 45 min ago; Binance: live order book, 10 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, 45 min ago	219.86 bp	1222.3 bp −$1,222	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	1.49 bp	26.5 bp −$26	100.2 bp −$1,002	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
BloFin BASED-USDT	+0.0062%	4h	0.06722	+0.030%	$211K	$37K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06725	+0.074%	$28K	$6K	5x	as long as short
Binance BASEDUSDTshort	+0.0100%	4h	0.06730	+0.149%	$4.1M	$2.9M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06717	−0.045%	$2.1M	$573K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06720	0.000%	$2.6M	$3.3M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06723	+0.045%	$535K	$514K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06728	+0.119%	$4.8M	$650K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06719	−0.015%	$560K	$110K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06736	+0.238%	$1.3M	$359K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06722	+0.030%	—	$1.6M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06707	−0.193%	$92K	$21K	—	as long as short
GRVT BASED_USDT_Perplong	+0.0100%	4h	0.06720	long leg	$92K	$372K	10x
SunX BASED-USDT	+0.0100%	4h	0.06726	+0.089%	$1K	$792K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06729	+0.137%	$5K	$226K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0270%	4h	0.06726	+0.089%	$3K	$652	10x	as long as short