Funding arb · Price arb /

W

all W markets

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 Binance+0.087%109s7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$253as 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−$2582.582% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 3 days (all we have)+0.105%+$10 · spread now +0.087%, 7d avg −0.015%

Together, before fees+0.157%+ Points / potential airdropGRVT: Active · farm board+$16 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 0.102% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.015%. The two prices were read 109 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	Binance WUSDT	0.01178	0.0100	pay 0.0050% / 4h	33m 41s	$3.0M	$6.8M	50x
Short	GRVT W_USDT_Perp	0.01179	0.0100	get 0.0050% / 4h	33m 41s	$130K	$385K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Binance. 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 BinancebpFee GRVTbpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → −0.015%: $10.25
Slippage, 4 orders: −$239.15
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$247.9
Costs to cover: 2.582%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; GRVT: live order book, 44 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 Binance live order book, 5 min ago	0.42 bp	19.3 bp −$19	93.3 bp −$933	doesn't fit	doesn't fit
Sell GRVT live order book, 44 min ago	8.50 bp	156.7 bp −$157	304.0 bp −$3,040	doesn't fit	doesn't fit

W on 17 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
OKX W-USDT-SWAP	−0.0050%	4h	0.01176	−0.161%	$1.3M	$2.0M	20x	as long as short
Deribit W_USDC-PERPETUAL	0.0000%	1h	0.01177	−0.068%	$17K	$1K	10x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+2.649%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01179	+0.102%	$2.0M	$423K	5x	as long as short
Binance WUSDTlong	+0.0100%	4h	0.01178	long leg	$3.0M	$6.8M	50x
Bybit WUSDT	+0.0100%	4h	0.01175	−0.204%	$4.1M	$1.9M	50x	as long as short
Gate W_USDT	+0.0100%	4h	0.01177	−0.059%	$444K	$290K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01178	+0.008%	$12.8M	$1.5M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01179	+0.102%	$456K	$212K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01178	+0.017%	$1.3M	$572K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01177	−0.093%	—	$6.9M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01175	−0.224%	$71K	$42K	—	as long as short
GRVT W_USDT_Perpshort	+0.0100%	4h	0.01179	+0.087%	$130K	$385K	10x
Extended W-USD	+0.0104%	1h	0.01178	−0.014%	$59K	$228K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0248%	1h	0.01188	+0.841%	$14K	$16K	50x	as long as short
Backpack W_USDC_PERP	+0.0633%	1h	0.01178	+0.034%	$44K	$47K	15x	as long as short
Kraken Futures PF_WUSD	+0.0721%	1h	0.01180	+0.149%	$146K	$181K	20x	as long as short