Funding arb · Price arb /

GRVT

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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 +0.084%

Price spread now: BingX against KuCoin+0.064%7-day average +0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$511as in the Funding arb table

Net, price: spread back to 7d avg − costs−$573as in the Price arb table

costs, in and out, $10k−$5675.675% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.564%+$56 on $10k

Price spread, last 7 days+0.076%+$8 · spread now +0.064%, 7d avg +0.119%

Together, before fees+0.641%+$64 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: BingX is 0.055% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GRVTUSDTM	0.1871	0.0100	pay 0.0050% / 4h	1h 39m	$227K	$629K	20x
Short	BingX GRVT-USDT	0.1872	0.0100	get 0.0050% / 4h	1h 39m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → +0.119%: −$5.52
Slippage, 4 orders: −$545.45
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$572.97
Costs to cover: 5.675%
Break-even: never at this rate

Slippage from KuCoin: live order book, 59 min ago; BingX: live order book, 7 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 KuCoin live order book, 59 min ago	6.59 bp	243.8 bp −$244	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	8.02 bp	24.4 bp −$24	98.0 bp −$980	965.9 bp −$96.6K	doesn't fit

GRVT on 14 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
BloFin GRVT-USDT	−0.0027%	4h	0.1875	+0.225%	$236K	$63K	20x	as long as short
Gate GRVT_USDT	−0.0016%	4h	0.1870	−0.043%	$329K	$63K	20x	as long as short
edgeX GRVTUSDC	−0.0006%	4h	0.1875	+0.226%	$10K	$280K	10x	as long as short
MEXC GRVT_USDT	+0.0020%	4h	0.1872	+0.037%	$3.5M	$134K	20x	as long as short
OKX GRVT-USDT-SWAP	+0.0022%	4h	0.1872	+0.075%	$2.0M	$1.9M	20x	as long as short
Aster GRVTUSDT	+0.0100%	4h	0.1872	+0.074%	$23K	$29K	5x	as long as short
Binance GRVTUSDT	+0.0100%	4h	0.1871	+0.033%	$5.1M	$2.9M	25x	as long as short
Bybit GRVTUSDT	+0.0100%	4h	0.1870	−0.027%	$2.8M	$785K	20x	as long as short
KuCoin GRVTUSDTMlong	+0.0100%	4h	0.1871	long leg	$227K	$629K	20x
Bitget GRVTUSDT	+0.0100%	4h	0.1872	+0.075%	$661K	$657K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRVT-USDTshort	+0.0100%	4h	0.1872	+0.064%	—	$1.6M	—
Variational Omni GRVT	+0.0100%	4h	0.1873	+0.133%	$263K	$16K	—	as long as short
GRVT GRVT_USDT_Perp	+0.0100%	4h	0.1875	+0.225%	$289K	$193K	10x	as long as short
Extended GRVT-USD	+0.0104%	1h	0.1871	+0.008%	$102K	$425K	5x	as long as short