Funding arb · Price arb /

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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: GRVT against SunX+1.036%46s7-day average −0.504% · you sell dearer than you buy

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

Long on SunX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 3 days (all we have)−2.670%−$267 · spread now +1.036%, 7d avg −0.504%

Together, before fees−2.690%+ Points / potential airdropGRVT: Active · farm board−$269 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 1.540% dearer against SunX than usual: you sell high and buy low, +$154 on $10k if it goes back to its 7-day average of −0.504%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EDGE-USDT	0.5888	0.0100	pay 0.0050% / 4h	2h 55m	$3K	$612K	10x
Short	GRVT EDGE_USDT_Perp	0.5949	0.0100	get 0.0050% / 4h	2h 55m	$2K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SunXbpFee GRVTbpOrdersPrice spread, now +1.036%Rate

Funding earned: $0
Price spread: +1.036% → −0.504%: $153.98
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $136.98
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: SunX: live order book, 55 min ago; GRVT: live order book, 3 min ago. 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 SunX live order book, 55 min ago	500.88 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	18.46 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

EDGE on 17 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
Backpack EDGE_USDC_PERP	−0.0789%	1h	0.5890	+0.027%	$59K	$101K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5856	−0.540%	$49K	$13K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5837	−0.866%	$7.0M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5858	−0.510%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5856	−0.543%	$4.7M	$1.0M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5910	+0.375%	$188K	$128K	—	as long as short
GRVT EDGE_USDT_Perpshort	+0.0100%	4h	0.5949	+1.036%	$2K	$1.9M	10x
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5950	+1.053%	$11K	$296K	50x	as long as short
SunX EDGE-USDTlong	+0.0100%	4h	0.5888	long leg	$3K	$612K	10x
OKX EDGE-USDT-SWAP	+0.0432%	4h	0.5854	−0.577%	$3.6M	$5.7M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0458%	4h	0.5958	+1.182%	$14.2M	$3.6M	30x	as long as short
Aster EDGEUSDT	+0.0522%	4h	0.5870	−0.301%	$67K	$132K	5x	as long as short
MEXC EDGE_USDT	+0.0542%	4h	0.5863	−0.425%	$1.1M	$909K	50x	as long as short
Binance EDGEUSDT	+0.0543%	4h	0.5851	−0.626%	$10.0M	$10.3M	50x	as long as short
Extended EDGE-USD	+0.0544%	1h	0.5857	−0.533%	$27K	$194K	5x	as long as short
BloFin EDGE-USDT	+0.0575%	4h	0.5948	+1.019%	$650K	$97K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0760%	4h	0.5919	+0.526%	$3K	—	10x	as long as short