Funding arb · Price arb /

H

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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 Binance−0.050%7-day average −0.122% · you buy dearer than you sell

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1741.737% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days−0.541%−$54 · spread now −0.050%, 7d avg −0.122%

Together, before fees−0.555%+ Points / potential airdropGRVT: Active · farm board−$55 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 0.072% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.122%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HUSDT	0.07050	0.0100	pay 0.0050% / 4h	3h 41m	$15.1M	$10.6M	10x
Short	GRVT H_USDT_Perp	0.07046	0.0100	get 0.0050% / 4h	3h 41m	$1.2M	$437K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Binance. 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 BinancebpFee GRVTbpOrdersPrice spread, now −0.050%Rate

Funding earned: $0
Price spread: −0.050% → −0.122%: $7.22
Slippage, 4 orders: −$154.66
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$166.44
Costs to cover: 1.737%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; GRVT: live order book, 2 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 Binance live order book, 14 min ago	1.41 bp	36.5 bp −$36	247.9 bp −$2,479	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	2.84 bp	40.2 bp −$40	doesn't fit	doesn't fit	doesn't fit

H 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−11.346%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.07051	+0.010%	$116K	$55K	5x	as long as short
Binance HUSDTlong	+0.0100%	4h	0.07050	long leg	$15.1M	$10.6M	10x
Bybit HUSDT	+0.0100%	4h	0.07045	−0.067%	$7.7M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07055	+0.073%	$1.8M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07035	−0.211%	$2.9M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07049	−0.012%	$6.4M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.07037	−0.182%	$1.6M	$9.9M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.07034	−0.225%	$1.7M	$450K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.07049	−0.012%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.07042	−0.113%	$8K	$10K	—	as long as short
GRVT H_USDT_Perpshort	+0.0100%	4h	0.07046	−0.050%	$1.2M	$437K	10x
Extended H-USD	+0.0104%	1h	0.07049	−0.007%	$9K	$102K	5x	as long as short
BloFin H-USDT	+0.0136%	4h	0.07051	+0.016%	$601K	$118K	25x	as long as short