Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against GRVT+0.145%84s7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as 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−$1371.373% of the position

Long on GRVT Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 7 days+0.051%+$5 · spread now +0.145%, 7d avg +0.006%

Together, before fees+0.048%+ Points / potential airdropGRVT: Active · farm board+$5 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 0.139% dearer against GRVT than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.006%. 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	GRVT H_USDT_Perp	0.06905	0.0100	pay 0.0050% / 4h	2h 00m	$1.1M	$451K	10x
Short	BingX H-USDT	0.06915	0.0100	get 0.0050% / 4h	2h 00m	—	$2.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.145%Rate

Funding earned: $0
Price spread: +0.145% → +0.006%: $13.87
Slippage, 4 orders: −$118.34
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$123.47
Costs to cover: 1.373%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; BingX: 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 GRVT live order book, 3 min ago	2.90 bp	63.4 bp −$63	16310.8 bp −$163.1K	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	0.72 bp	18.3 bp −$18	115.6 bp −$1,156	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	−9.486%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0057%	4h	0.06922	+0.246%	$593K	$113K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06918	+0.182%	$113K	$56K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06910	+0.072%	$14.7M	$11.1M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06908	+0.046%	$7.6M	$5.0M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06915	+0.145%	$1.8M	$6.5M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06908	+0.043%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06919	+0.203%	$6.2M	$1.2M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06910	+0.072%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06918	+0.188%	$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-USDTshort	+0.0100%	4h	0.06915	+0.145%	—	$2.8M	—
Variational Omni H	+0.0100%	4h	0.06915	+0.148%	$9K	$7K	—	as long as short
GRVT H_USDT_Perplong	+0.0100%	4h	0.06905	long leg	$1.1M	$451K	10x
Extended H-USD	+0.0104%	1h	0.06920	+0.218%	$14K	$95K	5x	as long as short