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: GRVT against SunX+0.147%74s7-day average −0.017% · you sell dearer than you buy

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

Long on SunX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.422%+$42 · spread now +0.147%, 7d avg −0.017%

Together, before fees+0.422%+ Points / potential airdropGRVT: Active · farm board+$42 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 0.164% dearer against SunX than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.017%. The two prices were read 74 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	SunX BASED-USDT	0.06810	0.0100	pay 0.0050% / 4h	57m 48s	$1K	$885K	20x
Short	GRVT BASED_USDT_Perp	0.06820	0.0100	get 0.0050% / 4h	57m 48s	$94K	$380K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SunXbpFee GRVTbpOrdersPrice spread, now +0.147%Rate

Funding earned: $0
Price spread: +0.147% → −0.017%: $16.4
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$0.6
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 35 min ago; GRVT: live order book, 65 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 SunX live order book, 35 min ago	501.39 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 65 min ago	306.66 bp	907.5 bp −$907	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
Aster BASEDUSDT	+0.0100%	4h	0.06812	+0.029%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06808	−0.034%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06794	−0.235%	$2.1M	$683K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06799	−0.162%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06807	−0.044%	$534K	$576K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06810	0.000%	$4.9M	$585K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06802	−0.117%	$567K	$72K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06811	+0.015%	$1.3M	$366K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06801	−0.132%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06803	−0.109%	$94K	$15K	—	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_Perpshort	+0.0100%	4h	0.06820	+0.147%	$94K	$380K	10x
SunX BASED-USDTlong	+0.0100%	4h	0.06810	long leg	$1K	$885K	20x
Extended BASED-USD	+0.0104%	1h	0.06806	−0.059%	$1K	$197K	5x	as long as short
BloFin BASED-USDT	+0.0155%	4h	0.06824	+0.206%	$260K	$47K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0237%	4h	0.06816	+0.088%	$3K	$664	10x	as long as short