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 Gate+1.181%96s7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$332as 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−$3583.575% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.251%+$25 on $10k

Price spread, last 7 days−1.118%−$112 · spread now +1.181%, 7d avg +0.011%

Together, before fees−0.866%+ Points / potential airdropGRVT: Active · farm board−$87 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 1.170% dearer against Gate than usual: you sell high and buy low, +$117 on $10k if it goes back to its 7-day average of +0.011%. The two prices were read 96 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	Gate H_USDT	0.06810	0.0100	pay 0.0050% / 4h	1h 55m	$2.8M	$1.8M	10x
Short	GRVT H_USDT_Perp	0.06890	0.0100	get 0.0050% / 4h	1h 55m	$1.1M	$469K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Gate. 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 GatebpFee GRVTbpOrdersPrice spread, now +1.181%Rate

Funding earned: $0
Price spread: +1.181% → +0.011%: $116.96
Slippage, 4 orders: −$333.54
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$240.58
Costs to cover: 3.575%
Break-even: never at this rate

Slippage from Gate: live order book, 2 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 Gate live order book, 2 min ago	5.88 bp	110.3 bp −$110	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	4.42 bp	50.3 bp −$50	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	−8.223%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0045%	4h	0.06807	−0.044%	$580K	$113K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06816	+0.090%	$113K	$52K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06821	+0.155%	$14.6M	$10.6M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06808	−0.034%	$7.4M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06823	+0.191%	$1.7M	$5.7M	10x	as long as short
Gate H_USDTlong	+0.0100%	4h	0.06810	long leg	$2.8M	$1.8M	10x
MEXC H_USDT	+0.0100%	4h	0.06820	+0.147%	$6.1M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06817	+0.103%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06803	−0.103%	$1.7M	$458K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06822	+0.176%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06882	+1.061%	$8K	$10K	—	as long as short
GRVT H_USDT_Perpshort	+0.0100%	4h	0.06890	+1.181%	$1.1M	$469K	10x
Extended H-USD	+0.0104%	1h	0.06818	+0.116%	$11K	$107K	5x	as long as short