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 0.000%

Price spread now: MEXC against GRVT+0.180%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1471.466% of the position

Long on GRVT Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days+0.428%+$43 · spread now +0.180%, 7d avg +0.117%

Together, before fees+0.422%+ Points / potential airdropGRVT: Active · farm board+$42 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: MEXC is 0.062% dearer against GRVT than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.117%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT H_USDT_Perp	0.06681	0.0100	pay 0.0050% / 4h	49m 35s	$1.1M	$434K	10x
Short	MEXC H_USDT	0.06693	0.0100	get 0.0050% / 4h	49m 35s	$6.0M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.180%Rate

Funding earned: $0
Price spread: +0.180% → +0.117%: $6.23
Slippage, 4 orders: −$133.63
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$140.4
Costs to cover: 1.466%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; MEXC: live order book, 3 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	5.99 bp	55.5 bp −$56	16610.6 bp −$166.1K	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	2.99 bp	22.2 bp −$22	62.3 bp −$623	107.9 bp −$10.8K	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
KuCoin HUSDTM	+0.0010%	4h	0.06690	+0.135%	$1.6M	$10.0M	8x	as long as short
Injective H/USDC PERP	+0.0033%	1h	0.06250	−6.451%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06695	+0.212%	$109K	$57K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06690	+0.138%	$14.3M	$11.0M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06679	−0.031%	$7.4M	$4.9M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06692	+0.165%	$1.8M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06682	+0.015%	$2.7M	$1.8M	10x	as long as short
MEXC H_USDTshort	+0.0100%	4h	0.06693	+0.180%	$6.0M	$1.1M	20x
Bitget HUSDT	+0.0100%	4h	0.06680	−0.015%	$1.7M	$448K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06691	+0.150%	—	$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	0.06671	−0.145%	$7K	$9K	—	as long as short
GRVT H_USDT_Perplong	+0.0100%	4h	0.06681	long leg	$1.1M	$434K	10x
Extended H-USD	+0.0104%	1h	0.06692	+0.164%	$9K	$100K	5x	as long as short
BloFin H-USDT	+0.0142%	4h	0.06691	+0.150%	$586K	$108K	25x	as long as short