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: MEXC against GRVT+0.624%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2,229as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,177as in the Price arb table

costs, in and out, $10k−$2,23222.324% of the position

Long on GRVT Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 4 days (all we have)−0.865%−$86 · spread now +0.624%, 7d avg +0.067%

Together, before fees−0.831%+ Points / potential airdropGRVT: Active · farm board−$83 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: MEXC is 0.557% dearer against GRVT than usual: you sell high and buy low, +$56 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BASED_USDT_Perp	0.06836	0.0100	pay 0.0050% / 4h	1h 19m	$95K	$380K	10x
Short	MEXC BASED_USDT	0.06879	0.0100	get 0.0050% / 4h	1h 19m	$4.9M	$612K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.624%Rate

Funding earned: $0
Price spread: +0.624% → +0.067%: $55.74
Slippage, 4 orders: −$2,219.44
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$2,176.7
Costs to cover: 22.324%
Break-even: never at this rate

Slippage from GRVT: live order book, 43 min ago; MEXC: live order book, 3 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	306.66 bp	1301.2 bp −$1,301	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	2.18 bp	11.8 bp −$12	46.7 bp −$467	200.7 bp −$20.1K	777.7 bp −$388.9K

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	0.06882	+0.668%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06868	+0.463%	$2.1M	$682K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06876	+0.580%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06873	+0.537%	$538K	$584K	50x	as long as short
MEXC BASED_USDTshort	+0.0100%	4h	0.06879	+0.624%	$4.9M	$612K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06864	+0.405%	$573K	$74K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06885	+0.712%	$1.3M	$371K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06875	+0.566%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06873	+0.540%	$95K	$15K	—	as long as short
GRVT BASED_USDT_Perplong	+0.0100%	4h	0.06836	long leg	$95K	$380K	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	0.06879	+0.624%	$2K	$882K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06873	+0.532%	$1K	$199K	5x	as long as short
Aster BASEDUSDT	+0.0119%	4h	0.06874	+0.552%	$29K	$6K	5x	as long as short
BloFin BASED-USDT	+0.0132%	4h	0.06889	+0.771%	$261K	$47K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0233%	4h	0.06880	+0.639%	$3K	$664	10x	as long as short