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: GRVT against OKX+0.016%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1191.192% of the position

Long on OKX Short on GRVT

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−0.090%−$9 · spread now +0.016%, 7d avg +0.065%

Together, before fees−0.086%+ Points / potential airdropGRVT: Active · farm board−$9 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: GRVT is 0.049% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CC-USDT-SWAP	0.1168	0.0100	pay 0.0050% / 4h	52m 50s	$2.5M	$3.4M	20x
Short	GRVT CC_USDT_Perp	0.1168	0.0100	get 0.0050% / 4h	52m 50s	$90K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against OKX. 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 OKXbpFee GRVTbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → +0.065%: −$4.88
Slippage, 4 orders: −$100.22
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$124.1
Costs to cover: 1.192%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; GRVT: live order book, 6 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 OKX live order book, 4 min ago	3.00 bp	25.3 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 6 min ago	2.14 bp	14.2 bp −$14	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	+1.071%	$402	$3K	5.5x	as long as short
MEXC CC_USDT	−0.0146%	4h	0.1167	−0.043%	$1.7M	$323K	100x	as long as short
Bybit CCUSDT	−0.0144%	4h	0.1167	−0.009%	$10.6M	$3.8M	25x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1166	−0.162%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1169	+0.120%	$5.5M	$1.4M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1168	+0.072%	$34K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1167	−0.051%	$11.0M	$12.1M	75x	as long as short
OKX CC-USDT-SWAPlong	+0.0100%	4h	0.1168	long leg	$2.5M	$3.4M	20x
Gate CC_USDT	+0.0100%	4h	0.1166	−0.137%	$361K	$216K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1168	+0.069%	$481K	$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	0.1167	−0.051%	$913K	$772K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1167	−0.034%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1167	−0.043%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1168	+0.056%	$594K	$55K	—	as long as short
GRVT CC_USDT_Perpshort	+0.0100%	4h	0.1168	+0.016%	$90K	$2.4M	10x
Derive CC-PERP	+0.0100%	1h	0.1166	−0.151%	$6K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1166	−0.111%	$596K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0447% / S −0.0241%	1h	0.1167	−0.024%	$43K	—	50x	as long as short
Lighter CC	+0.0928%	1h	0.1173	+0.463%	$243K	$160K	5x	as long as short