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: GRVT against MEXC+0.538%7-day average −0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$1271.271% of the position

Long on MEXC Short on GRVT

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−1.129%−$113 · spread now +0.538%, 7d avg −0.118%

Together, before fees−1.123%+ Points / potential airdropGRVT: Active · farm board−$112 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 0.656% dearer against MEXC than usual: you sell high and buy low, +$66 on $10k if it goes back to its 7-day average of −0.118%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC H_USDT	0.06716	0.0100	pay 0.0050% / 4h	1h 40m	$6.0M	$1.1M	20x
Short	GRVT H_USDT_Perp	0.06752	0.0100	get 0.0050% / 4h	1h 40m	$1.1M	$437K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against MEXC. 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 MEXCbpFee GRVTbpOrdersPrice spread, now +0.538%Rate

Funding earned: $0
Price spread: +0.538% → −0.118%: $65.58
Slippage, 4 orders: −$114.15
Fee MEXC: 2 bp × 2 orders: −$4
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$61.57
Costs to cover: 1.271%
Break-even: never at this rate

Slippage from MEXC: live order book, 7 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 MEXC live order book, 7 min ago	3.70 bp	12.5 bp −$13	63.5 bp −$635	134.4 bp −$13.4K	doesn't fit
Sell GRVT live order book, 2 min ago	2.22 bp	41.1 bp −$41	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	−6.939%	$1K	$1	5.5x	as long as short
KuCoin HUSDTM	+0.0068%	4h	0.06704	−0.179%	$1.6M	$10.0M	8x	as long as short
Aster HUSDT	+0.0100%	4h	0.06718	+0.022%	$110K	$56K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06719	+0.042%	$14.4M	$11.1M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06705	−0.164%	$7.4M	$4.8M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06723	+0.104%	$1.8M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06711	−0.074%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDTlong	+0.0100%	4h	0.06716	long leg	$6.0M	$1.1M	20x
Bitget HUSDT	+0.0100%	4h	0.06694	−0.328%	$1.7M	$458K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06712	−0.060%	—	$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	0.06708	−0.116%	$7K	$9K	—	as long as short
GRVT H_USDT_Perpshort	+0.0100%	4h	0.06752	+0.538%	$1.1M	$437K	10x
Extended H-USD	+0.0104%	1h	0.06716	−0.002%	$10K	$101K	5x	as long as short
BloFin H-USDT	+0.0133%	4h	0.06731	+0.223%	$586K	$110K	25x	as long as short