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: Bitget against GRVT+0.670%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2,111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,054as in the Price arb table

costs, in and out, $10k−$2,11221.119% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.779%−$78 · spread now +0.670%, 7d avg +0.087%

Together, before fees−0.767%+ Points / potential airdropGRVT: Active · farm board−$77 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: Bitget is 0.584% dearer against GRVT than usual: you sell high and buy low, +$58 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BASED_USDT_Perp	0.06782	0.0100	pay 0.0050% / 4h	7m 02s	$95K	$382K	10x
Short	Bitget BASEDUSDT	0.06827	0.0100	get 0.0050% / 4h	7m 02s	$1.3M	$370K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.670%Rate

Funding earned: $0
Price spread: +0.670% → +0.087%: $58.39
Slippage, 4 orders: −$2,090.92
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$2,053.53
Costs to cover: 21.119%
Break-even: never at this rate

Slippage from GRVT: live order book, 51 min ago; Bitget: live order book, 4 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, 51 min ago	240.24 bp	1229.1 bp −$1,229	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	8.06 bp	24.8 bp −$25	95.7 bp −$957	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	0.06822	+0.597%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06823	+0.611%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06810	+0.420%	$2.1M	$706K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06820	+0.567%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06818	+0.538%	$535K	$599K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06827	+0.670%	$4.9M	$596K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06818	+0.538%	$578K	$72K	20x	as long as short
Bitget BASEDUSDTshort	+0.0100%	4h	0.06827	+0.670%	$1.3M	$370K	25x
BingX BASED-USDT	+0.0100%	4h	0.06819	+0.552%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06810	+0.423%	$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_Perplong	+0.0100%	4h	0.06782	long leg	$95K	$382K	10x
SunX BASED-USDT	+0.0100%	4h	0.06820	+0.567%	$1K	$901K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06823	+0.613%	$2K	$201K	5x	as long as short
BloFin BASED-USDT	+0.0133%	4h	0.06827	+0.670%	$258K	$47K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0284%	4h	0.06818	+0.538%	$3K	$664	10x	as long as short