Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against GRVT−0.162%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1001.004% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.162%, 7d avg −0.048%

Together, before fees−0.061%+ Points / potential airdropGRVT: Active · farm board−$6 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: Bitget is 0.114% cheaper against GRVT than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CC_USDT_Perp	0.1175	0.0100	pay 0.0050% / 4h	3h 09m	$84K	$2.6M	10x
Short	Bitget CCUSDT	0.1173	0.0100	get 0.0050% / 4h	3h 09m	$919K	$770K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.162%Rate

Funding earned: $0
Price spread: −0.162% → −0.048%: −$11.39
Slippage, 4 orders: −$79.44
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$111.83
Costs to cover: 1.004%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; Bitget: live order book, 42 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, 4 min ago	2.98 bp	23.5 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 42 min ago	2.56 bp	19.4 bp −$19	86.7 bp −$867	doesn't fit	doesn't fit

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
MEXC CC_USDT	−0.0442%	4h	0.1172	−0.204%	$1.7M	$333K	100x	as long as short
Bybit CCUSDT	−0.0396%	4h	0.1173	−0.136%	$10.7M	$3.8M	25x	as long as short
Injective CC/USDC PERP	+0.0033%	1h	0.1180	+0.443%	$402	$3K	5.5x	as long as short
Paradex CC-USD-PERP	+0.0091%	8h	0.1174	−0.029%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1173	−0.126%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1173	−0.170%	$11.0M	$11.8M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1174	−0.051%	$2.5M	$3.1M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1173	−0.187%	$364K	$210K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1173	−0.119%	$484K	$104K	50x	as long as short
Bitget CCUSDTshort	+0.0100%	4h	0.1173	−0.162%	$919K	$770K	20x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1173	−0.119%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1174	−0.060%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1172	−0.257%	$597K	$56K	—	as long as short
GRVT CC_USDT_Perplong	+0.0100%	4h	0.1175	long leg	$84K	$2.6M	10x
Derive CC-PERP	+0.0100%	1h	0.1172	−0.245%	$6K	$33K	6.7x	as long as short
Hyperliquid CC	+0.0200%	1h	0.1176	+0.077%	$5.5M	$1.3M	3x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1174	−0.068%	$596K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0449% / S −0.0241%	1h	0.1174	−0.107%	$44K	—	50x	as long as short
Lighter CC	+0.0824%	1h	0.1179	+0.358%	$252K	$169K	5x	as long as short