Funding arb · Price arb /

CC

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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: BingX against GRVT−0.357%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1061.061% of the position

Long on GRVT Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 3 days (all we have)+0.516%+$52 · spread now −0.357%, 7d avg −0.003%

Together, before fees+0.533%+ Points / potential airdropGRVT: Active · farm board+$53 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: BingX is 0.354% cheaper against GRVT than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CC_USDT_Perp	0.1198	0.0100	pay 0.0050% / 4h	3h 21m	$90K	$2.3M	10x
Short	BingX CC-USDT	0.1194	0.0100	get 0.0050% / 4h	3h 21m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against GRVT. 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 GRVTbpFee BingXbpOrdersPrice spread, now −0.357%Rate

Funding earned: $0
Price spread: −0.357% → −0.003%: −$35.4
Slippage, 4 orders: −$87.07
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$141.48
Costs to cover: 1.061%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; BingX: live order book, 16 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 GRVT live order book, 2 min ago	2.51 bp	24.1 bp −$24	4532.5 bp −$45.3K	doesn't fit	doesn't fit
Sell BingX live order book, 16 min ago	5.47 bp	25.0 bp −$25	85.6 bp −$856	428.2 bp −$42.8K	1202.5 bp −$601.2K

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	−0.4522%	1h	0.1174	−2.002%	$6K	$99	5.5x	as long as short
Bybit CCUSDT	−0.0531%	4h	0.1194	−0.366%	$10.8M	$3.8M	25x	as long as short
MEXC CC_USDT	−0.0460%	4h	0.1194	−0.357%	$1.7M	$315K	100x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1194	−0.347%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1196	−0.174%	$5.6M	$1.4M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1195	−0.254%	$35K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1193	−0.417%	$11.3M	$11.4M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1194	−0.316%	$2.6M	$3.6M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1194	−0.332%	$369K	$213K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1196	−0.157%	$501K	$119K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1194	−0.349%	$952K	$781K	20x	as long as short
BingX CC-USDTshort	+0.0100%	4h	0.1194	−0.357%	—	$6.6M	—
Backpack CC_USDC_PERP	+0.0100%	1h	0.1194	−0.366%	$16K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1195	−0.290%	$608K	$55K	—	as long as short
GRVT CC_USDT_Perplong	+0.0100%	4h	0.1198	long leg	$90K	$2.3M	10x
Derive CC-PERP	+0.0100%	1h	0.1194	−0.359%	$6K	$36K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1194	−0.324%	$597K	$105K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0451% / S −0.0241%	1h	0.1195	−0.257%	$45K	—	50x	as long as short
Lighter CC	+0.0848%	1h	0.1199	+0.102%	$237K	$154K	5x	as long as short