Funding arb · Price arb /

FARTCOIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0520%/8h= −56.9% APRpaid last 24h −0.080%

Price spread now: GRVT against Phoenix+0.342%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$710.711% of the position

Long on Phoenix Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.630%−$63 on $10k

Price spread, last 4 days (all we have)−0.354%−$35 · spread now +0.342%, 7d avg −0.058%

Together, before fees−0.984%+ Points / potential airdropGRVT: Active · farm board−$98 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.400% dearer against Phoenix than usual: you sell high and buy low (spread +0.342% now, against its 7-day average of −0.058%): +$40 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix FARTCOIN	0.2003	0.0704	pay 0.0088% / 1h	55m 45s	$158K	$198K	10x
Short	GRVT FARTCOIN_USDT_Perp	0.2009	0.0184	get 0.0092% / 4h	3h 55m	$256K	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Phoenix. 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 PhoenixbpFee GRVTbpOrdersPrice spread, now +0.342%Rate

Funding earned: −$109.2
Price spread: +0.342% → −0.058%: $39.96
Slippage, 4 orders: −$55.09
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$140.33
Costs to cover: 0.711%
Break-even: never at this rate

Slippage from Phoenix: live order book, 56 min ago; GRVT: 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 Phoenix live order book, 56 min ago	3.09 bp	20.3 bp −$20	66.5 bp −$665	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	4.95 bp	16.6 bp −$17	48.0 bp −$480	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	0.2015	+0.614%	$126K	$53K	25x	as long as short
gTrade (Gains Network) FARTCOIN/USD	L +0.0005% / S −0.0004%	1h	0.2014	+0.574%	$590	—	150x	as long as short
Injective FARTCOIN/USDC PERP	+0.0033%	1h	0.1984	−0.924%	$1K	$5	5.5x	as long as short
Bulk FARTCOIN-USD	+0.0100%	1h	0.1986	−0.839%	$78K	$2K	10x	as long as short
Gate FARTCOIN_USDT	+0.0100%	4h	0.2018	+0.794%	$11.4M	$9.0M	75x	as long as short
MEXC FARTCOIN_USDT	+0.0100%	4h	0.2025	+1.109%	$23.7M	$14.5M	100x	as long as short
SunX FARTCOIN-USDT	+0.0100%	4h	0.2019	+0.819%	$2K	$1.7M	20x	as long as short
SoDEX FARTCOIN-USD	+0.0100%	1h	0.2016	+0.674%	$161K	$7K	10x	as long as short
HTX FARTCOIN-USDT	+0.0100%	4h	0.2019	+0.819%	$70K	$151K	20x	as long as short
GRVT FARTCOIN_USDT_Perpshort	+0.0184%	4h	0.2009	+0.342%	$256K	$4.4M	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo FARTCOIN-PERP	+0.0184%	1h	0.2018	+0.776%	$32K	—	3x	as long as short
Bitget FARTCOINUSDT	+0.0192%	4h	0.2022	+0.974%	$14.1M	$18.0M	50x	as long as short
OKX FARTCOIN-USDT-SWAP	+0.0252%	4h	0.2027	+1.223%	$5.0M	$16.6M	20x	as long as short
Polymarket Perps FARTCOIN-USD	+0.0259%	1h	0.2017	+0.729%	$114K	$899K	10x	as long as short
Kraken Futures PF_FARTCOINUSD	+0.0300%	1h	0.2017	+0.706%	$782K	$2.0M	50x	as long as short
Nado FARTCOIN-PERP	+0.0346%	1h	0.2019	+0.849%	$795K	$760K	10x	as long as short
KuCoin FARTCOINUSDTM	+0.0388%	4h	0.2022	+0.974%	$11.0M	$15.5M	50x	as long as short
BingX FARTCOIN-USDC	+0.0392%	4h	0.2021	+0.924%	—	$6.5M	—	as long as short
Reya FARTCOINRUSDPERP	+0.0411%	1h	0.2014	+0.583%	$0	—	5x	as long as short
Binance FARTCOINUSDT	+0.0429%	4h	0.2025	+1.131%	$19.8M	$82.8M	75x	as long as short
Variational Omni FARTCOIN	+0.0452%	4h	0.2017	+0.719%	$1.1M	$3.0M	—	as long as short
GMX FARTCOIN/USD [WBTC.b-USDC]	L +0.0454% / S −0.0682%	1h	0.2014	+0.564%	$46K	—	100x	as long as short
Aster FARTCOINUSDT	+0.0518%	4h	0.2017	+0.712%	$89K	$209K	5x	as long as short
Arcus FARTCOIN-USD	+0.0527%	1h	0.2021	+0.924%	$14K	$84K	10x	as long as short
Lighter FARTCOIN	+0.0544%	1h	0.2026	+1.174%	$692K	$1.6M	10x	as long as short
ApeX Omni FARTCOINUSDT	+0.0547%	1h	0.2012	+0.474%	$26K	$213K	50x	as long as short
Backpack FARTCOIN_USDC_PERP	+0.0592%	1h	0.2017	+0.709%	$92K	$280K	10x	as long as short
Pacifica FARTCOIN	+0.0600%	1h	0.2024	+1.067%	$197K	$434K	10x	as long as short
BloFin FARTCOIN-USDT	+0.0668%	4h	0.2024	+1.074%	$996K	$2.1M	75x	as long as short
Bybit FARTCOINUSDT	+0.0670%	4h	0.2025	+1.134%	$31.6M	$54.9M	50x	as long as short
Extended FARTCOIN-USD	+0.0688%	1h	0.2021	+0.943%	$235K	$2.1M	25x	as long as short
Phoenix FARTCOINlong	+0.0704%	1h	0.2003	long leg	$158K	$198K	10x
Orderly PERP_FARTCOIN_USDC	+0.0846%	4h	0.2017	+0.724%	$25K	$4K	20x	as long as short
Coinbase International FARTCOIN-PERP-INTX	+0.1120%	1h	0.2020	+0.859%	$1.1M	$8.4M	50x	as long as short
01 Exchange FARTCOINUSD	+0.1296%	1h	0.2022	+0.959%	$415	$386	10x	as long as short
Hyperliquid FARTCOIN	+0.1307%	1h	0.2025	+1.104%	$46.7M	$31.1M	10x	as long as short