Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: GRVT against OKX−0.216%81s7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as 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−$1261.261% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.179%+$18 on $10k

Price spread, last 7 days+0.354%+$35 · spread now −0.216%, 7d avg −0.058%

Together, before fees+0.533%+ Points / potential airdropGRVT: Active · farm board+$53 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 0.158% cheaper against OKX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.058%. The two prices were read 81 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	OKX H-USDT-SWAP	0.06930	0.0100	pay 0.0050% / 4h	1h 22m	$1.7M	$5.8M	10x
Short	GRVT H_USDT_Perp	0.06915	0.0100	get 0.0050% / 4h	1h 22m	$1.1M	$437K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against OKX. 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 OKXbpFee GRVTbpOrdersPrice spread, now −0.216%Rate

Funding earned: $0
Price spread: −0.216% → −0.058%: −$15.77
Slippage, 4 orders: −$107.06
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$141.83
Costs to cover: 1.261%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; GRVT: live order book, 1 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 OKX live order book, 6 min ago	1.44 bp	23.6 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	2.16 bp	62.8 bp −$63	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	−9.812%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0089%	4h	0.06923	−0.101%	$586K	$115K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06922	−0.121%	$114K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06929	−0.020%	$14.9M	$10.6M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06917	−0.188%	$7.6M	$4.6M	13x	as long as short
OKX H-USDT-SWAPlong	+0.0100%	4h	0.06930	long leg	$1.7M	$5.8M	10x
Gate H_USDT	+0.0100%	4h	0.06919	−0.159%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06927	−0.043%	$6.2M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06918	−0.173%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06918	−0.173%	$1.7M	$455K	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	0.06926	−0.058%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06904	−0.380%	$8K	$10K	—	as long as short
GRVT H_USDT_Perpshort	+0.0100%	4h	0.06915	−0.216%	$1.1M	$437K	10x
Extended H-USD	+0.0104%	1h	0.06926	−0.063%	$11K	$107K	5x	as long as short