Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%

Price spread now: GRVT against Arcus−0.174%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$460.460% of the position

Long on Arcus Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.380%+$38 · spread now −0.174%, 7d avg −0.034%

Together, before fees+0.359%+ Points / potential airdropGRVT: Active · farm board+$36 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 0.140% cheaper against Arcus than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LINK-USD	13.226	0.0100	pay 0.0013% / 1h	59m 32s	$186K	$172K	10x
Short	GRVT LINK_USDT_Perp	13.203	0.0100	get 0.0100% / 8h	59m 32s	$596K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Arcus. 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 ArcusbpFee GRVTbpOrdersPrice spread, now −0.174%Rate

Funding earned: $0
Price spread: −0.174% → −0.034%: −$14.02
Slippage, 4 orders: −$32.53
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$60.04
Costs to cover: 0.460%
Break-even: never at this rate

Slippage from Arcus: live order book, 19 min ago; GRVT: 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 Arcus live order book, 19 min ago	6.07 bp	21.5 bp −$22	37.5 bp −$375	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	0.76 bp	7.4 bp −$7	19.6 bp −$196	doesn't fit	doesn't fit

LINK on 40 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
GMX LINK/USD [LINK-USDC]	L −0.0090% / S +0.0167%	1h	13.222	−0.032%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.231	+0.036%	$488K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.221	−0.038%	$134K	—	150x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0007%	1h	13.226	0.000%	$725K	$128K	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.245%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.203	−0.173%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.219	−0.053%	$134K	$1.5M	20x	as long as short
dYdX LINK-USD	+0.0055%	1h	13.214	−0.093%	$350K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.214	−0.091%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.209	−0.129%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.215	−0.083%	$404K	$313K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.214	−0.088%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.214	−0.092%	$277K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.211	−0.113%	$122.9M	$303.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.208	−0.136%	$85.3M	$70.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.213	−0.098%	$27.9M	$85.9M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	13.226	long leg	$186K	$172K	10x
Gate LINK_USDT	+0.0100%	8h	13.210	−0.121%	$130.9M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.211	−0.113%	$37.0M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.222	−0.030%	$22.7M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.209	−0.129%	$55.0M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.210	−0.121%	—	$21.2M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.194	−0.244%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.204	−0.163%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perpshort	+0.0100%	8h	13.203	−0.174%	$596K	$2.7M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	13.207	−0.144%	$154K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.226	0.000%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.219	−0.057%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.236	+0.076%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.222	−0.030%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.200	−0.200%	$649K	$891K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.207	−0.144%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.224	−0.015%	$555K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.221	−0.038%	$999K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.206	−0.151%	$5.3M	$17.2M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0223%	1h	13.231	+0.038%	$365K	$380K	15x	as long as short
Hyperliquid LINK	+0.0274%	1h	13.234	+0.064%	$78.2M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.219	−0.049%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0460%	8h	13.234	+0.060%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0691%	1h	13.228	+0.016%	$7.0M	$8.2M	50x	as long as short