Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: GRVT against Arcus+0.107%53s7-day average −0.019% · 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—prices read too far apart to compare

costs, in and out, $10k−$380.377% of the position

Long on Arcus Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.244%−$24 · spread now +0.107%, 7d avg −0.019%

Together, before fees−0.241%+ Points / potential airdropGRVT: Active · farm board−$24 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 0.126% dearer against Arcus than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.019%. The two prices were read 53 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 UNI-USD	9.1110	0.0100	pay 0.0013% / 1h	52m 33s	$289K	$613K	10x
Short	GRVT UNI_USDT_Perp	9.1208	0.0100	get 0.0100% / 8h	4h 52m	$635K	$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 +0.107%Rate

Funding earned: $0
Price spread: +0.107% → −0.019%: $12.61
Slippage, 4 orders: −$24.19
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$25.08
Costs to cover: 0.377%
Break-even: never at this rate

Slippage from Arcus: live order book, 6 min ago; GRVT: live order book, 6 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, 6 min ago	5.48 bp	14.1 bp −$14	23.1 bp −$231	doesn't fit	doesn't fit
Sell GRVT live order book, 6 min ago	2.20 bp	8.0 bp −$8	13.3 bp −$133	doesn't fit	doesn't fit

UNI 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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1106	−0.004%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.084%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1033	−0.085%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1027	−0.091%	$913K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1180	+0.077%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1071	−0.043%	$297K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1113	+0.004%	$225.4M	$625.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1090	−0.022%	$102.3M	$110.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1090	−0.022%	$55.9M	$257.7M	50x	as long as short
Arcus UNI-USDlong	+0.0100%	1h	9.1110	long leg	$289K	$613K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1150	+0.044%	$23.1M	$62.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1020	−0.099%	$48.7M	$25.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1010	−0.110%	$13.7M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1080	−0.033%	$33.5M	$43.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1020	−0.099%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1293	+0.201%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1490	+0.417%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1329	+0.240%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perpshort	+0.0100%	8h	9.1208	+0.107%	$635K	$2.7M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	9.0950	−0.176%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1110	0.000%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1131	+0.023%	$87K	$421K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1170	+0.066%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1196	+0.094%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1201	+0.100%	$22K	$781K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1300	+0.209%	$717K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1210	+0.110%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0101%	8h	9.1026	−0.092%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0965	−0.159%	$301K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1210	+0.110%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0161%	1h	9.1055	−0.061%	$240K	$30K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0172%	1h	9.1218	+0.119%	$584K	$193K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1200	+0.099%	$10.4M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.1340	+0.252%	$1.1M	$5.4M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	9.1254	+0.158%	$5.1M	$7.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.1107	−0.003%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1095	−0.017%	$648K	—	120x	as long as short
Lighter UNI	+0.0400%	1h	9.1158	+0.053%	$4.6M	$5.8M	15x	as long as short
Hyperliquid UNI	+0.0531%	1h	9.1276	+0.182%	$99.2M	$61.4M	10x	as long as short
Aftermath Perps UNIUSD	+0.1015%	1h	9.1251	+0.155%	$1K	$46K	10x	as long as short