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: GRVT against KuCoin−1.009%53s7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3,002as 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 KuCoin Short on GRVT

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)+1.234%+$123 · spread now −1.009%, 7d avg +0.005%

Together, before fees+1.214%+ Points / potential airdropGRVT: Active · farm board+$121 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: GRVT is 1.014% cheaper against KuCoin than usual: you would sell low and buy high, −$101 on $10k if it goes back to its 7-day average of +0.005%. The two prices were read 53 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	KuCoin BASEDUSDTM	0.06829	0.0100	pay 0.0050% / 4h	58m 31s	$572K	$103K	20x
Short	GRVT BASED_USDT_Perp	0.06760	0.0100	get 0.0050% / 4h	58m 31s	$89K	$363K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against KuCoin. 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 KuCoinbpFee GRVTbpOrdersPrice spread, now −1.009%Rate

Funding earned: $0
Price spread: −1.009% → +0.005%: −$101.43
Slippage, 4 orders: −$2,978.9
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$3,101.33
Costs to cover: 29.999%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; GRVT: live order book, 19 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 KuCoin live order book, 4 min ago	30.06 bp	441.3 bp −$441	1051.9 bp −$10.5K	doesn't fit	doesn't fit
Sell GRVT live order book, 19 min ago	278.82 bp	839.9 bp −$840	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
Binance BASEDUSDT	+0.0100%	4h	0.06840	+0.163%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06830	+0.015%	$2.1M	$579K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06833	+0.059%	$2.6M	$3.5M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06831	+0.029%	$543K	$527K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06839	+0.146%	$4.8M	$643K	50x	as long as short
KuCoin BASEDUSDTMlong	+0.0100%	4h	0.06829	long leg	$572K	$103K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06840	+0.161%	$1.3M	$370K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06834	+0.073%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06809	−0.299%	$93K	$22K	—	as long as short
GRVT BASED_USDT_Perpshort	+0.0100%	4h	0.06760	−1.009%	$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	0.06828	−0.015%	$1K	$816K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06838	+0.130%	$5K	$226K	5x	as long as short
BloFin BASED-USDT	+0.0153%	4h	0.06827	−0.029%	$252K	$38K	25x	as long as short
Aster BASEDUSDT	+0.0262%	4h	0.06829	+0.007%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0342%	4h	0.06837	+0.117%	$3K	$652	10x	as long as short