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: KuCoin against GRVT−0.045%83s7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2,998as 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−$3,00029.999% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 3 days (all we have)−0.163%−$16 · spread now −0.045%, 7d avg +0.007%

Together, before fees−0.143%+ Points / potential airdropGRVT: Active · farm board−$14 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: KuCoin is 0.052% cheaper against GRVT than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.007%. The two prices were read 83 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	0.06820	0.0100	pay 0.0050% / 4h	34m 00s	$89K	$363K	10x
Short	KuCoin BASEDUSDTM	0.06817	0.0100	get 0.0050% / 4h	34m 00s	$571K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → +0.007%: −$5.21
Slippage, 4 orders: −$2,978.9
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$3,005.11
Costs to cover: 29.999%
Break-even: never at this rate

Slippage from GRVT: live order book, 43 min ago; KuCoin: live order book, 29 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, 43 min ago	278.82 bp	1273.8 bp −$1,274	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 29 min ago	30.06 bp	444.9 bp −$445	965.6 bp −$9,656	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	0.06817	−0.051%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06811	−0.133%	$2.1M	$580K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06812	−0.118%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06816	−0.059%	$542K	$534K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06816	−0.059%	$4.8M	$644K	50x	as long as short
KuCoin BASEDUSDTMshort	+0.0100%	4h	0.06817	−0.045%	$571K	$81K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06824	+0.058%	$1.3M	$369K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06816	−0.059%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06809	−0.166%	$93K	$21K	—	as long as short
GRVT BASED_USDT_Perplong	+0.0100%	4h	0.06820	long leg	$89K	$363K	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	0.06807	−0.191%	$2K	$820K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06815	−0.070%	$5K	$226K	5x	as long as short
BloFin BASED-USDT	+0.0158%	4h	0.06816	−0.059%	$251K	$41K	25x	as long as short
Aster BASEDUSDT	+0.0307%	4h	0.06815	−0.068%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0341%	4h	0.06817	−0.045%	$3K	$652	10x	as long as short