Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%

Price spread now: GRVT against Arcus+0.254%7-day average −0.046% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$440.440% 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)−0.029%−$3 on $10k

Price spread, last 3 days (all we have)+0.099%+$10 · spread now +0.254%, 7d avg −0.046%

Together, before fees+0.070%+ Points / potential airdropGRVT: Active · farm board+$7 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 0.300% dearer against Arcus than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TAO-USD	302.72	0.0100	pay 0.0013% / 1h	35m 23s	$79K	$642K	5x
Short	GRVT TAO_USDT_Perp	303.49	0.0100	get 0.0050% / 4h	1h 35m	$502K	$967K	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 +0.254%Rate

Funding earned: $0
Price spread: +0.254% → −0.046%: $30.01
Slippage, 4 orders: −$30.51
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$14
Costs to cover: 0.440%
Break-even: never at this rate

Slippage from Arcus: live order book, 48 min ago; GRVT: live order book, 48 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, 48 min ago	4.70 bp	15.8 bp −$16	28.2 bp −$282	doesn't fit	doesn't fit
Sell GRVT live order book, 48 min ago	1.47 bp	8.7 bp −$9	16.2 bp −$162	doesn't fit	doesn't fit

TAO on 43 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
Bulk TAO-USD	−0.0186%	1h	303.81	+0.360%	$162K	$54K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	302.17	−0.181%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	302.55	−0.056%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	302.59	−0.043%	$44K	$535K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	302.51	−0.070%	$1.1M	$7.7M	50x	as long as short
Binance TAOUSDT	+0.0100%	4h	302.78	+0.019%	$84.8M	$412.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	302.90	+0.059%	$58.6M	$121.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	302.90	+0.059%	$24.3M	$94.9M	50x	as long as short
Arcus TAO-USDlong	+0.0100%	1h	302.72	long leg	$79K	$642K	5x
Gate TAO_USDT	+0.0100%	4h	302.60	−0.040%	$12.1M	$48.7M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	302.74	+0.007%	$110.0M	$124.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	302.50	−0.073%	$18.5M	$27.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	302.78	+0.020%	$33.8M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	302.79	+0.023%	—	$30.3M	—	as long as short
Variational Omni TAO	+0.0100%	4h	303.56	+0.278%	$3.7M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.35	+0.209%	$39K	$278K	10x	as long as short
GRVT TAO_USDT_Perpshort	+0.0100%	4h	303.49	+0.254%	$502K	$967K	10x
ApeX Omni TAOUSDT	+0.0100%	1h	303.30	+0.192%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	302.74	+0.007%	$77K	$601K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	302.81	+0.029%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	302.85	+0.043%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	302.27	−0.149%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	302.44	−0.092%	$121K	$363K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	302.27	−0.149%	$3.2M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	302.93	+0.070%	$166K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	302.59	−0.043%	$619	$491K	5x	as long as short
Paradex TAO-USD-PERP	+0.0154%	8h	302.44	−0.092%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	302.58	−0.046%	$357K	$371K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	302.59	−0.044%	$432K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0208%	1h	302.39	−0.109%	$21K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.21	+0.162%	$4.2M	$9.3M	100x	as long as short
Lighter TAO	+0.0344%	1h	302.72	+0.001%	$1.6M	$5.3M	5x	as long as short
Nado TAO-PERP	+0.0373%	1h	302.56	−0.052%	$816K	$1.9M	10x	as long as short
01 Exchange TAOUSD	+0.0400%	1h	302.67	−0.017%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0425%	1h	302.32	−0.132%	$376K	$757K	10x	as long as short
Phoenix TAO	+0.0521%	1h	302.70	−0.007%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	302.66	−0.019%	$348	—	20x	as long as short
Extended TAO-USD	+0.0848%	1h	302.39	−0.108%	$835K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	302.58	−0.046%	$1.4M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1045%	1h	302.28	−0.146%	$5.7M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1076%	1h	302.98	+0.086%	$91.9M	$80.4M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	302.78	+0.020%	$410K	$545K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.985%	$22K	$264	12x	as long as short