Funding arb · Price arb /

FARTCOIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.046%

Price spread now: Backpack against GRVT+0.047%85s7-day average −0.203% · you sell dearer than you buy

Net, funding: paid 7d − costs+$24as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.475% of the position

Long on GRVT Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.717%+$72 on $10k

Price spread, last 4 days (all we have)−1.020%−$102 · spread now +0.047%, 7d avg −0.203%

Together, before fees−0.303%+ Points / potential airdropGRVT: Active · farm board−$30 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: Backpack is 0.251% dearer against GRVT than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.203%. The two prices were read 85 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	GRVT FARTCOIN_USDT_Perp	0.1904	0.0100	pay 0.0050% / 4h	2h 45m	$248K	$4.6M	10x
Short	Backpack FARTCOIN_USDC_PERP	0.1905	0.0100	get 0.0013% / 1h	45m 53s	$79K	$239K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → −0.203%: $25.05
Slippage, 4 orders: −$28.5
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$22.45
Costs to cover: 0.475%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; Backpack: 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, 3 min ago	5.24 bp	15.5 bp −$15	64.8 bp −$648	doesn't fit	doesn't fit
Sell Backpack live order book, 42 min ago	0.52 bp	6.9 bp −$7	doesn't fit	doesn't fit	doesn't fit

FARTCOIN on 36 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
Deribit FARTCOIN_USDC-PERPETUAL	0.0000%	1h	0.1905	+0.037%	$121K	$96K	25x	as long as short
gTrade (Gains Network) FARTCOIN/USD	L +0.0005% / S −0.0001%	1h	0.1904	+0.021%	$43K	—	150x	as long as short
Injective FARTCOIN/USDC PERP	+0.0033%	1h	0.1984	+4.202%	$1K	$4K	5.5x	as long as short
Lighter FARTCOIN	+0.0096%	1h	0.1906	+0.095%	$573K	$904K	10x	as long as short
Aster FARTCOINUSDT	+0.0100%	4h	0.1907	+0.154%	$76K	$189K	5x	as long as short
Pacifica FARTCOIN	+0.0100%	1h	0.1907	+0.175%	$177K	$408K	10x	as long as short
Binance FARTCOINUSDT	+0.0100%	4h	0.1907	+0.161%	$18.3M	$72.4M	75x	as long as short
Bybit FARTCOINUSDT	+0.0100%	4h	0.1905	+0.074%	$29.5M	$49.4M	50x	as long as short
Bulk FARTCOIN-USD	+0.0100%	1h	0.1903	−0.047%	$75K	$25K	10x	as long as short
MEXC FARTCOIN_USDT	+0.0100%	4h	0.1906	+0.110%	$31.3M	$13.8M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack FARTCOIN_USDC_PERPshort	+0.0100%	1h	0.1905	+0.047%	$79K	$239K	10x
GRVT FARTCOIN_USDT_Perplong	+0.0100%	4h	0.1904	long leg	$248K	$4.6M	10x
ApeX Omni FARTCOINUSDT	+0.0100%	1h	0.1903	−0.053%	$23K	$223K	50x	as long as short
Polymarket Perps FARTCOIN-USD	+0.0100%	1h	0.1905	+0.079%	$105K	$821K	10x	as long as short
SunX FARTCOIN-USDT	+0.0100%	4h	0.1908	+0.231%	$1K	$1.7M	20x	as long as short
SoDEX FARTCOIN-USD	+0.0100%	1h	0.1905	+0.053%	$152K	$6K	10x	as long as short
HTX FARTCOIN-USDT	+0.0100%	4h	0.1909	+0.273%	$66K	$175K	20x	as long as short
Extended FARTCOIN-USD	+0.0104%	1h	0.1907	+0.162%	$189K	$2.1M	25x	as long as short
Aevo FARTCOIN-PERP	+0.0104%	1h	0.1905	+0.029%	$30K	—	3x	as long as short
OKX FARTCOIN-USDT-SWAP	+0.0108%	4h	0.1907	+0.158%	$4.5M	$13.4M	20x	as long as short
KuCoin FARTCOINUSDTM	+0.0110%	4h	0.1906	+0.105%	$10.1M	$15.9M	50x	as long as short
Bitget FARTCOINUSDT	+0.0142%	4h	0.1907	+0.158%	$13.3M	$15.0M	50x	as long as short
BingX FARTCOIN-USDT	+0.0150%	4h	0.1905	+0.053%	—	$14.6M	—	as long as short
Gate FARTCOIN_USDT	+0.0164%	4h	0.1906	+0.116%	$10.7M	$7.8M	75x	as long as short
BloFin FARTCOIN-USDT	+0.0340%	4h	0.1908	+0.210%	$971K	$1.8M	75x	as long as short
Variational Omni FARTCOIN	+0.0359%	4h	0.1903	−0.049%	$824K	$2.5M	—	as long as short
GMX FARTCOIN/USD [WBTC.b-USDC]	L +0.0374% / S −0.0540%	1h	0.1903	−0.038%	$43K	—	100x	as long as short
Reya FARTCOINRUSDPERP	+0.0411%	1h	0.1906	+0.082%	$0	—	5x	as long as short
Phoenix FARTCOIN	+0.0419%	1h	0.1912	+0.425%	$112K	$174K	10x	as long as short
Arcus FARTCOIN-USD	+0.0480%	1h	0.1907	+0.158%	$14K	$111K	10x	as long as short
Nado FARTCOIN-PERP	+0.0543%	1h	0.1905	+0.079%	$766K	$683K	10x	as long as short
Orderly PERP_FARTCOIN_USDC	+0.0549%	4h	0.1906	+0.105%	$24K	$3K	20x	as long as short
01 Exchange FARTCOINUSD	+0.0704%	1h	0.1908	+0.184%	$387	$381	10x	as long as short
Hyperliquid FARTCOIN	+0.0775%	1h	0.1908	+0.210%	$42.0M	$26.4M	10x	as long as short
Kraken Futures PF_FARTCOINUSD	+0.0908%	1h	0.1905	+0.066%	$760K	$1.7M	50x	as long as short
Coinbase International FARTCOIN-PERP-INTX	+0.0944%	1h	0.1910	+0.310%	$944K	$7.6M	50x	as long as short