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: OKX against GRVT−0.033%7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1591.587% of the position

Long on GRVT Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.189%−$19 on $10k

Price spread, last 7 days+0.601%+$60 · spread now −0.033%, 7d avg +0.057%

Together, before fees+0.412%+ Points / potential airdropGRVT: Active · farm board+$41 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: OKX is 0.090% cheaper against GRVT than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT H_USDT_Perp	0.07046	0.0100	pay 0.0050% / 4h	3h 38m	$1.2M	$437K	10x
Short	OKX H-USDT-SWAP	0.07044	0.0100	get 0.0050% / 4h	3h 38m	$1.8M	$6.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → +0.057%: −$9.03
Slippage, 4 orders: −$139.68
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$167.71
Costs to cover: 1.587%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; OKX: 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, 4 min ago	2.84 bp	59.4 bp −$59	19571.6 bp −$195.7K	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.42 bp	31.0 bp −$31	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	−11.302%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.07049	+0.036%	$116K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.07045	−0.022%	$15.1M	$10.6M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.07035	−0.161%	$7.7M	$4.6M	13x	as long as short
OKX H-USDT-SWAPshort	+0.0100%	4h	0.07044	−0.033%	$1.8M	$6.0M	10x
Gate H_USDT	+0.0100%	4h	0.07033	−0.189%	$2.9M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07045	−0.019%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.07033	−0.189%	$1.6M	$9.9M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.07026	−0.289%	$1.7M	$450K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.07043	−0.048%	—	$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	0.07042	−0.063%	$8K	$10K	—	as long as short
GRVT H_USDT_Perplong	+0.0100%	4h	0.07046	long leg	$1.2M	$437K	10x
Extended H-USD	+0.0104%	1h	0.07042	−0.065%	$9K	$102K	5x	as long as short
BloFin H-USDT	+0.0108%	4h	0.07047	+0.009%	$596K	$118K	25x	as long as short