Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: GRVT against BingX+0.150%84s7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as 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−$1221.217% of the position

Long on BingX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 7 days+0.027%+$3 · spread now +0.150%, 7d avg −0.026%

Together, before fees+0.015%+ Points / potential airdropGRVT: Active · farm board+$2 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 0.176% dearer against BingX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.026%. The two prices were read 84 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	BingX H-USDT	0.06890	0.0100	pay 0.0050% / 4h	1h 44m	—	$2.7M	—
Short	GRVT H_USDT_Perp	0.06900	0.0100	get 0.0050% / 4h	1h 44m	$1.1M	$466K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against BingX. 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 BingXbpFee GRVTbpOrdersPrice spread, now +0.150%Rate

Funding earned: $0
Price spread: +0.150% → −0.026%: $17.58
Slippage, 4 orders: −$102.72
Fee BingX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$104.14
Costs to cover: 1.217%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; GRVT: live order book, 4 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 BingX live order book, 6 min ago	2.18 bp	15.6 bp −$16	75.2 bp −$752	972.6 bp −$97.3K	1286.1 bp −$643.0K
Sell GRVT live order book, 4 min ago	1.45 bp	47.8 bp −$48	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	−9.289%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06896	+0.094%	$114K	$52K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06897	+0.101%	$14.8M	$10.6M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06890	−0.004%	$7.5M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06899	+0.131%	$1.7M	$5.8M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06888	−0.029%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06897	+0.102%	$6.2M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06894	+0.058%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06891	+0.015%	$1.7M	$456K	4x	as long as short
BingX H-USDTlong	+0.0100%	4h	0.06890	long leg	—	$2.7M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06887	−0.046%	$8K	$10K	—	as long as short
GRVT H_USDT_Perpshort	+0.0100%	4h	0.06900	+0.150%	$1.1M	$466K	10x
Extended H-USD	+0.0104%	1h	0.06896	+0.091%	$11K	$107K	5x	as long as short
BloFin H-USDT	+0.0151%	4h	0.06903	+0.189%	$580K	$116K	25x	as long as short