Settings8H · net · $10k
Funding arb · Price arb /

BE

RWAall BE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.009%
Price spread now: GRVT against Arcus+0.094%114s7-day average +0.131% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$490.495% of the position
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)+0.659%+$66 · spread now +0.094%, 7d avg +0.131%
Together, before fees+0.661%+ Points / potential airdropGRVT: Active · farm board+$66 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GRVT is 0.037% cheaper against Arcus than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.131%). Swap the legs. The two prices were read 114 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus BE-USD274.680.0040pay 0.0005% / 1h39m 35s$115K$109K10x
ShortGRVT BE_USDT_Perp274.940get 0.0000% / 8h5h 39m$7K$167K10x

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

Funding earned
−$8.46
Price spread: +0.094% → +0.131%
−$3.66
Slippage, 4 orders
−$35.95
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$61.57
Costs to cover
0.495%
Break-even
never at this rate
Slippage from Arcus: live order book, 23 min ago; GRVT: live order book, 18 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 23 min ago4.74 bp12.2 bp −$1220.3 bp −$203doesn't fitdoesn't fit
Sell GRVT live order book, 18 min ago2.00 bp18.6 bp −$19doesn't fitdoesn't fitdoesn't fit

BE on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BEUSDT0.0000%8h274.63−0.018%$346K$119K20xas long as short
Bybit BEUSDT0.0000%8h274.96+0.102%$2.0M$1.1M25xas long as short
Gate BE_USDT0.0000%8h274.70+0.007%$1.5M$3.3M50xas long as short
Bitget BEUSDT0.0000%8h274.70+0.007%$1.7M$2.6M20xas long as short
GRVT BE_USDT_Perpshort0.0000%8h274.94+0.094%$7K$167K10x
SunX BE-USDT0.0000%8h274.92+0.087%$959$2.4M10xas long as short
HTX BE-USDT0.0000%8h275.05+0.135%$13K$34K20xas long as short
QFEX BE-USD+0.0012%1h275.00+0.116%$1.3M$2.9M10xas long as short
Coinbase International BE-PERP-INTX+0.0016%1h273.08−0.582%$473K$130K10xas long as short
Lighter BE+0.0032%1h274.70+0.007%10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH BE+0.0032%1h274.86+0.066%$251K$289K10xas long as short
Arcus BE-USDlong+0.0040%1h274.68long leg$115K$109K10x
Vest BE-USD-PERP+0.0046%1h274.97+0.106%10xas long as short
tradeXYZ xyz:BE+0.0050%1h274.85+0.062%$5.9M$2.8M10xas long as short
Extended BE-USD+0.0072%1h274.99+0.114%$46K$262K10xas long as short
Binance BEUSDT+0.0073%8h275.07+0.142%$8.4M$36.2M25xas long as short
KuCoin BEUSDTM+0.0100%8h274.86+0.066%$371K$22K20xas long as short
Aevo BE-PERP+0.0104%1h274.94+0.095%10xas long as short
OKX BE-USDT-SWAP+0.0125%8h275.01+0.120%$2.6M$6.7M25xas long as short
BloFin BE-USDT+0.0194%8h274.85+0.062%$45K$140K20xas long as short
Deribit BE_USDC-PERPETUAL+0.0587%1h274.95+0.098%$7K$4K10xas long as short