Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against GRVT−0.306%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2,170as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,205as in the Price arb table

costs, in and out, $10k−$2,17221.718% of the position

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.306%, 7d avg +0.025%

Together, before fees+0.124%+ Points / potential airdropGRVT: Active · farm board+$12 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: Gate is 0.331% cheaper against GRVT than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BASED_USDT_Perp	0.06835	0.0100	pay 0.0050% / 4h	2h 32m	$95K	$384K	10x
Short	Gate BASED_USDT	0.06814	0.0100	get 0.0050% / 4h	2h 32m	$535K	$594K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.306%Rate

Funding earned: $0
Price spread: −0.306% → +0.025%: −$33.11
Slippage, 4 orders: −$2,147.75
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$2,204.86
Costs to cover: 21.718%
Break-even: never at this rate

Slippage from GRVT: live order book, 15 min ago; Gate: live order book, 13 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, 15 min ago	308.04 bp	1312.0 bp −$1,312	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 13 min ago	9.51 bp	37.7 bp −$38	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	0.06817	−0.257%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06819	−0.233%	$4.2M	$3.2M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06803	−0.467%	$2.1M	$688K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06815	−0.291%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDTshort	+0.0100%	4h	0.06814	−0.306%	$535K	$594K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06819	−0.233%	$4.9M	$533K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06826	−0.130%	$582K	$73K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06818	−0.247%	$1.3M	$373K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06812	−0.335%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06814	−0.299%	$93K	$11K	—	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	0.06835	long leg	$95K	$384K	10x
SunX BASED-USDT	+0.0100%	4h	0.06807	−0.408%	$1K	$915K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06816	−0.281%	$3K	$227K	5x	as long as short
BloFin BASED-USDT	+0.0123%	4h	0.06817	−0.262%	$260K	$48K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0288%	4h	0.06818	−0.247%	$3K	$664	10x	as long as short