Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h +0.019%

Price spread now: Paradex against GRVT−0.093%7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Paradex

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 · Paradex: 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: Paradex is 0.093% cheaper against GRVT than usual: you would sell low and buy high, −$9 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	GRVT CC_USDT_Perp	0.1185	0.0100	pay 0.0050% / 4h	2h 05m	$91K	$2.4M	10x
Short	Paradex CC-USD-PERP	0.1184	0.0093	get 0.0093% / 8h	6h 05m	$1K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$1.45
Price spread: −0.093% → 0.000%: −$9.35
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$23.8
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 3 min ago; Paradex: no order-book sample. 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 GRVT live order book, 3 min ago	2.95 bp	21.7 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 18 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	−0.3556%	1h	0.1173	−0.996%	$6K	$100	5.5x	as long as short
Bybit CCUSDT	−0.0217%	4h	0.1184	−0.093%	$10.8M	$3.9M	25x	as long as short
MEXC CC_USDT	−0.0196%	4h	0.1183	−0.161%	$1.6M	$316K	100x	as long as short
Paradex CC-USD-PERPshort	+0.0093%	8h	0.1184	−0.093%	$1K	—	5x
Aster CCUSDT	+0.0100%	4h	0.1184	−0.046%	$35K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1183	−0.154%	$11.2M	$12.0M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1184	−0.034%	$2.6M	$3.6M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1183	−0.119%	$368K	$219K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1186	+0.101%	$487K	$121K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1183	−0.169%	$929K	$789K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1184	−0.093%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1184	−0.051%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1185	+0.050%	$604K	$55K	—	as long as short
GRVT CC_USDT_Perplong	+0.0100%	4h	0.1185	long leg	$91K	$2.4M	10x
Derive CC-PERP	+0.0100%	1h	0.1185	−0.002%	$6K	$36K	6.7x	as long as short
Hyperliquid CC	+0.0210%	1h	0.1186	+0.121%	$5.5M	$1.4M	3x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0451% / S −0.0241%	1h	0.1186	+0.128%	$44K	—	50x	as long as short
Lighter CC	+0.0736%	1h	0.1189	+0.354%	$240K	$155K	5x	as long as short