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 0.000%

Price spread now: OKX against GRVT+0.138%7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1471.473% of the position

Long on GRVT Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 7 days−0.073%−$7 · spread now +0.138%, 7d avg −0.066%

Together, before fees−0.077%+ Points / potential airdropGRVT: Active · farm board−$8 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: OKX is 0.203% dearer against GRVT than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CC_USDT_Perp	0.1171	0.0100	pay 0.0050% / 4h	29m 04s	$78K	$2.4M	10x
Short	OKX CC-USDT-SWAP	0.1173	0.0100	get 0.0050% / 4h	29m 04s	$2.5M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.138%Rate

Funding earned: $0
Price spread: +0.138% → −0.066%: $20.34
Slippage, 4 orders: −$128.25
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$126.91
Costs to cover: 1.473%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; OKX: live order book, 3 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, 5 min ago	2.99 bp	40.7 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.28 bp	24.8 bp −$25	doesn't fit	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
Injective CC/USDC PERP	−0.3024%	1h	0.1180	+0.769%	$402	$3K	5.5x	as long as short
Bybit CCUSDT	−0.0138%	4h	0.1172	+0.112%	$10.7M	$3.9M	25x	as long as short
MEXC CC_USDT	−0.0138%	4h	0.1173	+0.172%	$1.7M	$325K	100x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1174	+0.232%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1175	+0.325%	$5.5M	$1.4M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1174	+0.261%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1172	+0.050%	$11.1M	$12.2M	75x	as long as short
OKX CC-USDT-SWAPshort	+0.0100%	4h	0.1173	+0.138%	$2.5M	$3.3M	20x
Gate CC_USDT	+0.0100%	4h	0.1173	+0.155%	$363K	$217K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1174	+0.249%	$484K	$122K	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	0.1172	+0.112%	$919K	$784K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1173	+0.172%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1173	+0.155%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1171	−0.025%	$597K	$56K	—	as long as short
GRVT CC_USDT_Perplong	+0.0100%	4h	0.1171	long leg	$78K	$2.4M	10x
Derive CC-PERP	+0.0100%	1h	0.1172	+0.114%	$6K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1172	+0.103%	$594K	$99K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0448% / S −0.0241%	1h	0.1174	+0.258%	$44K	—	50x	as long as short
Lighter CC	+0.0672%	1h	0.1179	+0.684%	$244K	$160K	5x	as long as short