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: SunX against GRVT+0.475%7-day average −0.005% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on SunX

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)−0.812%−$81 · spread now +0.475%, 7d avg −0.005%

Together, before fees−0.792%+ Points / potential airdropGRVT: Active · farm board−$79 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: SunX is 0.480% dearer against GRVT than usual: you sell high and buy low, +$48 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BASED_USDT_Perp	0.06720	0.0100	pay 0.0050% / 4h	1h 56m	$92K	$359K	10x
Short	SunX BASED-USDT	0.06752	0.0100	get 0.0050% / 4h	1h 56m	$975	$797K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.475%Rate

Funding earned: $0
Price spread: +0.475% → −0.005%: $48.02
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: $31.02
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: GRVT: live order book, 26 min ago; SunX: live order book, 15 min ago. Net counts fees only.

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, 26 min ago	256.80 bp	1253.8 bp −$1,254	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 15 min ago	501.22 bp	doesn't fit	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
BloFin BASED-USDT	+0.0086%	4h	0.06751	+0.460%	$252K	$37K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06762	+0.628%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06746	+0.386%	$2.1M	$579K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06755	+0.520%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06750	+0.445%	$537K	$518K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06762	+0.624%	$4.8M	$644K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06750	+0.445%	$563K	$110K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06756	+0.535%	$1.3M	$361K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06748	+0.416%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06742	+0.323%	$92K	$22K	—	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	0.06720	long leg	$92K	$359K	10x
SunX BASED-USDTshort	+0.0100%	4h	0.06752	+0.475%	$975	$797K	20x
Extended BASED-USD	+0.0104%	1h	0.06756	+0.535%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0108%	4h	0.06753	+0.489%	$28K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0326%	4h	0.06754	+0.505%	$3K	$652	10x	as long as short