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: Binance against GRVT−1.162%49s7-day average +0.122% · you buy dearer than you sell

Net, funding: paid 7d − costs−$152as 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−$1531.531% of the position

Long on GRVT Short on Binance

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+1.753%+$175 · spread now −1.162%, 7d avg +0.122%

Together, before fees+1.767%+ Points / potential airdropGRVT: Active · farm board+$177 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: Binance is 1.284% cheaper against GRVT than usual: you would sell low and buy high, −$128 on $10k if it goes back to its 7-day average of +0.122%. The two prices were read 49 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	GRVT H_USDT_Perp	0.07056	0.0100	pay 0.0050% / 4h	3h 18m	$1.2M	$436K	10x
Short	Binance HUSDT	0.06974	0.0100	get 0.0050% / 4h	3h 18m	$15.0M	$10.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GRVT. 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 GRVTbpFee BinancebpOrdersPrice spread, now −1.162%Rate

Funding earned: $0
Price spread: −1.162% → +0.122%: −$128.41
Slippage, 4 orders: −$134.13
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$281.54
Costs to cover: 1.531%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; Binance: 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 GRVT live order book, 4 min ago	6.36 bp	35.6 bp −$36	17336.3 bp −$173.4K	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.70 bp	34.4 bp −$34	250.9 bp −$2,509	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	−11.423%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0091%	4h	0.06952	−1.474%	$592K	$115K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06960	−1.363%	$115K	$55K	5x	as long as short
Binance HUSDTshort	+0.0100%	4h	0.06974	−1.162%	$15.0M	$10.7M	10x
Bybit HUSDT	+0.0100%	4h	0.06966	−1.276%	$7.6M	$4.7M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06980	−1.077%	$1.7M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06957	−1.403%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06975	−1.148%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06962	−1.332%	$1.6M	$9.9M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06957	−1.403%	$1.7M	$449K	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	0.06953	−1.460%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.07044	−0.172%	$8K	$10K	—	as long as short
GRVT H_USDT_Perplong	+0.0100%	4h	0.07056	long leg	$1.2M	$436K	10x
Extended H-USD	+0.0104%	1h	0.06972	−1.187%	$9K	$103K	5x	as long as short