Funding arb · Price arb /

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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 −0.201%

Price spread now: GRVT against Arcus−0.337%54s7-day average −0.019% · 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—prices read too far apart to compare

costs, in and out, $10k−$390.393% 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)−0.340%−$34 on $10k

Price spread, last 7 days+0.557%+$56 · spread now −0.337%, 7d avg −0.019%

Together, before fees+0.217%+ Points / potential airdropGRVT: Active · farm board+$22 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 0.317% cheaper against Arcus than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of −0.019%. The two prices were read 54 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	Arcus NEAR-USD	4.2820	0.0100	pay 0.0013% / 1h	57m 55s	$196K	$1.8M	10x
Short	GRVT NEAR_USDT_Perp	4.2676	0.0100	get 0.0100% / 8h	7h 57m	$1.4M	$1.3M	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 −0.337%Rate

Funding earned: $0
Price spread: −0.337% → −0.019%: −$31.74
Slippage, 4 orders: −$25.78
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$71.02
Costs to cover: 0.393%
Break-even: never at this rate

Slippage from Arcus: live order book, 1 min ago; GRVT: live order book, 5 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, 1 min ago	4.69 bp	6.9 bp −$7	11.4 bp −$114	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	2.34 bp	9.8 bp −$10	25.3 bp −$253	doesn't fit	doesn't fit

NEAR on 45 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
Reya NEARRUSDPERP	−0.0171%	1h	4.2798	−0.051%	$2K	—	20x	as long as short
Bybit NEARUSDT	−0.0170%	8h	4.2740	−0.187%	$217.5M	$421.6M	75x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.2882	+0.144%	$7.6M	$37.4M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2744	−0.177%	$2.2M	$13.2M	50x	as long as short
01 Exchange NEARUSD	−0.0056%	1h	4.2833	+0.030%	$13K	$7K	10x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2743	−0.180%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2688	−0.308%	$385K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2873	+0.123%	$203K	—	150x	as long as short
Variational Omni NEAR	+0.0024%	8h	4.2669	−0.352%	$7.8M	$18.5M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.293%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.2810	−0.023%	$110K	$495K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.2881	+0.142%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2628	−0.447%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2791	−0.067%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2700	−0.279%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2773	−0.109%	$253.7M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2740	−0.187%	$60.6M	$286.0M	50x	as long as short
Arcus NEAR-USDlong	+0.0100%	1h	4.2820	long leg	$196K	$1.8M	10x
Bulk NEAR-USD	+0.0100%	1h	4.2646	−0.406%	$243K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2762	−0.135%	$30.9M	$58.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2760	−0.140%	$79.4M	$137.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2770	−0.117%	$55.8M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2736	−0.196%	$70.9M	$126.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2750	−0.163%	—	$140.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2687	−0.310%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perpshort	+0.0100%	8h	4.2676	−0.337%	$1.4M	$1.3M	10x
ApeX Omni NEARUSDT	+0.0100%	1h	4.2710	−0.257%	$178K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2831	+0.026%	$194K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2920	+0.234%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2860	+0.093%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2840	+0.047%	$3.8M	$8.5M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2729	−0.212%	$3.8M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2875	+0.127%	$202K	$23K	3x	as long as short
HTX NEAR-USDT	+0.0112%	8h	4.2940	+0.280%	$457K	$3.7M	75x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2590	−0.537%	$13.0M	$29.2M	75x	as long as short
Hyperliquid NEAR	+0.0353%	1h	4.2811	−0.021%	$364.8M	$301.4M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0316%	1h	4.2856	+0.083%	$276K	—	100x	as long as short
Lighter RH NEAR	+0.0416%	1h	4.2843	+0.054%	$1.6M	$6.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0416%	1h	4.2835	+0.035%	$1.4M	$5.6M	20x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2854	+0.079%	$419K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2828	+0.019%	$1.8M	$2.6M	10x	as long as short
Nado NEAR-PERP	+0.0532%	1h	4.2769	−0.119%	$1.9M	$3.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0636%	1h	4.2920	+0.234%	$1.9M	$2.9M	25x	as long as short
Aftermath Perps NEARUSD	+0.1175%	1h	4.2784	−0.085%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1824%	1h	4.2909	+0.207%	$16.9M	$23.4M	15x	as long as short