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 −0.020%

Price spread now: GRVT against OKX+0.349%51s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2,256as 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−$2,25422.536% of the position

Long on OKX 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)−0.112%−$11 · spread now +0.349%, 7d avg +0.002%

Together, before fees−0.132%+ Points / potential airdropGRVT: Active · farm board−$13 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 0.346% dearer against OKX than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 51 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	OKX BASED-USDT-SWAP	0.06824	0.0100	pay 0.0050% / 4h	2h 56m	$2.6M	$3.6M	20x
Short	GRVT BASED_USDT_Perp	0.06848	0.0100	get 0.0050% / 4h	2h 56m	$91K	$373K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against OKX. 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 OKXbpFee GRVTbpOrdersPrice spread, now +0.349%Rate

Funding earned: $0
Price spread: +0.349% → +0.002%: $34.62
Slippage, 4 orders: −$2,234.6
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$2,218.98
Costs to cover: 22.536%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; GRVT: live order book, 11 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 OKX live order book, 1 min ago	1.46 bp	17.2 bp −$17	95.5 bp −$955	doesn't fit	doesn't fit
Sell GRVT live order book, 11 min ago	313.90 bp	912.5 bp −$912	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	+0.0073%	4h	0.06843	+0.278%	$255K	$41K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06844	+0.291%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06837	+0.191%	$2.1M	$606K	25x	as long as short
OKX BASED-USDT-SWAPlong	+0.0100%	4h	0.06824	long leg	$2.6M	$3.6M	20x
Gate BASED_USDT	+0.0100%	4h	0.06843	+0.278%	$545K	$536K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06845	+0.308%	$4.9M	$626K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06849	+0.366%	$567K	$60K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06839	+0.220%	$1.3M	$360K	25x	as long as short
Variational Omni BASED	+0.0100%	4h	0.06841	+0.254%	$94K	$18K	—	as long as short
GRVT BASED_USDT_Perpshort	+0.0100%	4h	0.06848	+0.349%	$91K	$373K	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	0.06856	+0.469%	$1K	$845K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06840	+0.232%	$4K	$199K	5x	as long as short
BingX BASED-USDT	+0.0118%	4h	0.06839	+0.220%	—	$1.7M	—	as long as short
Orderly PERP_BASED_USDC	+0.0278%	4h	0.06858	+0.498%	$3K	$1K	10x	as long as short
Aster BASEDUSDT	+0.0346%	4h	0.06849	+0.360%	$29K	$6K	5x	as long as short