Funding arb · Price arb /

W

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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 MEXC−0.282%82s7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$152as 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−$1571.568% of the position

Long on MEXC Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 3 days (all we have)+0.487%+$49 · spread now −0.282%, 7d avg −0.020%

Together, before fees+0.538%+ Points / potential airdropGRVT: Active · farm board+$54 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 0.262% cheaper against MEXC than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of −0.020%. The two prices were read 82 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	MEXC W_USDT	0.01186	0.0100	pay 0.0050% / 4h	4m 06s	$12.9M	$1.5M	50x
Short	GRVT W_USDT_Perp	0.01182	0.0100	get 0.0050% / 4h	4m 06s	$127K	$377K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against MEXC. 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 MEXCbpFee GRVTbpOrdersPrice spread, now −0.282%Rate

Funding earned: $0
Price spread: −0.282% → −0.020%: −$26.2
Slippage, 4 orders: −$143.76
Fee MEXC: 2 bp × 2 orders: −$4
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$182.96
Costs to cover: 1.568%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; GRVT: live order book, 8 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 MEXC live order book, 4 min ago	2.54 bp	7.3 bp −$7	54.2 bp −$542	97.2 bp −$9,720	185.9 bp −$93.0K
Sell GRVT live order book, 8 min ago	8.47 bp	63.1 bp −$63	125.6 bp −$1,256	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
Deribit W_USDC-PERPETUAL	0.0000%	1h	0.01186	+0.008%	$16K	$2K	10x	as long as short
OKX W-USDT-SWAP	+0.0032%	4h	0.01184	−0.101%	$1.3M	$2.0M	20x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+1.965%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01186	+0.025%	$2.0M	$416K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01186	−0.014%	$3.0M	$6.8M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01183	−0.202%	$4.1M	$1.9M	50x	as long as short
Gate W_USDT	+0.0100%	4h	0.01189	+0.320%	$449K	$291K	75x	as long as short
MEXC W_USDTlong	+0.0100%	4h	0.01186	long leg	$12.9M	$1.5M	50x
KuCoin WUSDTM	+0.0100%	4h	0.01185	−0.059%	$466K	$215K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01186	+0.025%	$1.3M	$571K	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	0.01185	−0.084%	—	$6.9M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01179	−0.600%	$71K	$42K	—	as long as short
GRVT W_USDT_Perpshort	+0.0100%	4h	0.01182	−0.282%	$127K	$377K	10x
Extended W-USD	+0.0104%	1h	0.01185	−0.050%	$59K	$228K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0248%	1h	0.01185	−0.093%	$14K	$16K	50x	as long as short
Backpack W_USDC_PERP	+0.0500%	1h	0.01187	+0.076%	$44K	$46K	15x	as long as short
Kraken Futures PF_WUSD	+0.0716%	1h	0.01188	+0.177%	$147K	$181K	20x	as long as short