Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%

Price spread now: GRVT against Derive+0.126%7-day average — · you sell dearer than you buy

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

Long on Derive Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.126% dearer against Derive than usual: you sell high and buy low, +$13 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive CC-PERP	0.1157	0.0100	pay 0.0013% / 1h	16m 39s	$7K	$35K	6.7x
Short	GRVT CC_USDT_Perp	0.1158	0.0100	get 0.0050% / 4h	2h 16m	$85K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Derive. 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 DerivebpFee GRVTbpOrdersPrice spread, now +0.126%Rate

Funding earned: $0
Price spread: +0.126% → 0.000%: $12.56
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$2.44
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; GRVT: live order book, 2 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 Derive no order-book sample	—	—	—	—	—
Sell GRVT live order book, 2 min ago	1.73 bp	19.8 bp −$20	50.8 bp −$508	doesn't fit	doesn't fit

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CC on 19 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
Injective CC/USDC PERP	−0.3670%	1h	0.1152	−0.433%	$6K	$99	5.5x	as long as short
Gate CC_USDT	+0.0056%	4h	0.1158	+0.103%	$360K	$207K	50x	as long as short
Paradex CC-USD-PERP	+0.0097%	8h	0.1158	+0.114%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1160	+0.220%	$34K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1158	+0.074%	$11.0M	$10.9M	75x	as long as short
Bybit CCUSDT	+0.0100%	4h	0.1158	+0.086%	$10.5M	$3.7M	25x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1159	+0.198%	$2.5M	$3.3M	20x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1158	+0.060%	$1.7M	$298K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1160	+0.224%	$489K	$114K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1159	+0.172%	$932K	$791K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1159	+0.138%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1158	+0.103%	$16K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1161	+0.314%	$579K	$43K	—	as long as short
GRVT CC_USDT_Perpshort	+0.0100%	4h	0.1158	+0.126%	$85K	$2.2M	10x
Derive CC-PERPlong	+0.0100%	1h	0.1157	long leg	$7K	$35K	6.7x
BloFin CC-USDT	+0.0340%	4h	0.1158	+0.043%	$585K	$104K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0440% / S −0.0239%	1h	0.1159	+0.191%	$43K	—	50x	as long as short
Hyperliquid CC	+0.0480%	1h	0.1161	+0.310%	$5.4M	$1.3M	3x	as long as short
Lighter CC	+0.1168%	1h	0.1163	+0.518%	$232K	$161K	5x	as long as short