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 +0.020%

Price spread now: BingX against GRVT+0.157%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2,263as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,255as in the Price arb table

costs, in and out, $10k−$2,26922.691% of the position

Long on GRVT Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 3 days (all we have)−0.409%−$41 · spread now +0.157%, 7d avg +0.013%

Together, before fees−0.347%+ Points / potential airdropGRVT: Active · farm board−$35 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: BingX is 0.143% dearer against GRVT than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BASED_USDT_Perp	0.06807	0.0100	pay 0.0050% / 4h	2h 51m	$97K	$382K	10x
Short	BingX BASED-USDT	0.06818	0.0100	get 0.0050% / 4h	2h 51m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.157%Rate

Funding earned: $0
Price spread: +0.157% → +0.013%: $14.35
Slippage, 4 orders: −$2,250.08
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$2,254.73
Costs to cover: 22.691%
Break-even: never at this rate

Slippage from GRVT: live order book, 16 min ago; BingX: 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, 16 min ago	313.90 bp	1307.3 bp −$1,307	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	5.11 bp	22.6 bp −$23	82.7 bp −$827	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	0.06832	+0.363%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06816	+0.127%	$2.1M	$642K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06822	+0.215%	$2.6M	$3.7M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06812	+0.069%	$539K	$545K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06825	+0.260%	$4.9M	$626K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06818	+0.157%	$572K	$65K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06825	+0.260%	$1.3M	$370K	25x	as long as short
BingX BASED-USDTshort	+0.0100%	4h	0.06818	+0.157%	—	$1.7M	—
Variational Omni BASED	+0.0100%	4h	0.06814	+0.104%	$94K	$18K	—	as long as short
GRVT BASED_USDT_Perplong	+0.0100%	4h	0.06807	long leg	$97K	$382K	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	0.06829	+0.318%	$1K	$858K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06824	+0.251%	$3K	$200K	5x	as long as short
BloFin BASED-USDT	+0.0156%	4h	0.06797	−0.152%	$255K	$41K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0265%	4h	0.06827	+0.289%	$3K	$1K	10x	as long as short
Aster BASEDUSDT	+0.0335%	4h	0.06823	+0.233%	$29K	$6K	5x	as long as short