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 MEXC−0.074%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,848as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,846as in the Price arb table

costs, in and out, $10k−$1,84318.428% of the position

Long on MEXC Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 3 days (all we have)+0.264%+$26 · spread now −0.074%, 7d avg −0.046%

Together, before fees+0.211%+ Points / potential airdropGRVT: Active · farm board+$21 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 0.028% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BASED_USDT	0.06725	0.0100	pay 0.0050% / 4h	2h 41m	$4.8M	$650K	50x
Short	GRVT BASED_USDT_Perp	0.06720	0.0100	get 0.0050% / 4h	2h 41m	$92K	$372K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against MEXC. 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 MEXCbpFee GRVTbpOrdersPrice spread, now −0.074%Rate

Funding earned: $0
Price spread: −0.074% → −0.046%: −$2.81
Slippage, 4 orders: −$1,829.83
Fee MEXC: 2 bp × 2 orders: −$4
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$1,845.64
Costs to cover: 18.428%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; GRVT: live order book, 46 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 MEXC live order book, 6 min ago	1.49 bp	11.6 bp −$12	41.4 bp −$414	175.3 bp −$17.5K	619.9 bp −$310.0K
Sell GRVT live order book, 46 min ago	219.86 bp	597.6 bp −$598	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	+0.0062%	4h	0.06722	−0.045%	$211K	$37K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06725	+0.001%	$28K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06732	+0.103%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06718	−0.104%	$2.1M	$573K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06725	0.000%	$2.6M	$3.3M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06725	0.000%	$535K	$514K	50x	as long as short
MEXC BASED_USDTlong	+0.0100%	4h	0.06725	long leg	$4.8M	$650K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06719	−0.089%	$560K	$110K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06737	+0.178%	$1.3M	$359K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06723	−0.030%	—	$1.6M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06707	−0.267%	$92K	$21K	—	as long as short
GRVT BASED_USDT_Perpshort	+0.0100%	4h	0.06720	−0.074%	$92K	$372K	10x
SunX BASED-USDT	+0.0100%	4h	0.06726	+0.015%	$1K	$792K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06729	+0.057%	$5K	$226K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0272%	4h	0.06726	+0.015%	$3K	$652	10x	as long as short