Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.020%

Price spread now: GRVT against Coinbase International+0.725%7-day average +0.310% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$620.622% of the position

Long on Coinbase International Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 4 days (all we have)−0.694%−$69 · spread now +0.725%, 7d avg +0.310%

Together, before fees−0.867%+ Points / potential airdropGRVT: Active · farm board−$87 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.415% dearer against Coinbase International than usual: you sell high and buy low (spread +0.725% now, against its 7-day average of +0.310%): +$41 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 22 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BE-PERP-INTX	273.08	0.0064	pay 0.0008% / 1h	57m 07s	$473K	$128K	10x
Short	GRVT BE_USDT_Perp	275.06	0	get 0.0000% / 8h	3h 57m	$7K	$163K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Coinbase International. 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 Coinbase InternationalbpFee GRVTbpOrdersPrice spread, now +0.725%Rate

Funding earned: −$13.44
Price spread: +0.725% → +0.310%: $41.49
Slippage, 4 orders: −$43.16
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$34.11
Costs to cover: 0.622%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 61 min ago; GRVT: live order book, 56 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 Coinbase International live order book, 61 min ago	8.89 bp	14.2 bp −$14	19.2 bp −$192	doesn't fit	doesn't fit
Sell GRVT live order book, 56 min ago	2.18 bp	13.3 bp −$13	doesn't fit	doesn't fit	doesn't fit

BE on 21 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
Aster BEUSDT	0.0000%	8h	274.66	+0.580%	$346K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	274.60	+0.557%	$1.5M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.71	+0.597%	$1.7M	$2.5M	20x	as long as short
GRVT BE_USDT_Perpshort	0.0000%	8h	275.06	+0.725%	$7K	$163K	10x
SunX BE-USDT	0.0000%	8h	274.94	+0.681%	$1K	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	275.67	+0.948%	$13K	$35K	20x	as long as short
Lighter BE	+0.0032%	1h	274.56	+0.542%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	274.74	+0.608%	$251K	$290K	10x	as long as short
QFEX BE-USD	+0.0036%	1h	274.74	+0.608%	$1.3M	$2.7M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	274.82	+0.637%	$115K	$109K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BE-USD-PERP	+0.0046%	1h	274.89	+0.663%	—	—	10x	as long as short
Extended BE-USD	+0.0048%	1h	274.75	+0.610%	$46K	$260K	10x	as long as short
Binance BEUSDT	+0.0049%	8h	274.84	+0.645%	$8.5M	$36.5M	25x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	274.75	+0.612%	$5.9M	$2.6M	10x	as long as short
Coinbase International BE-PERP-INTXlong	+0.0064%	1h	273.08	long leg	$473K	$128K	10x
Bybit BEUSDT	+0.0092%	8h	274.89	+0.663%	$2.0M	$1.2M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.76	+0.615%	$371K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.71	+0.595%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0145%	8h	274.87	+0.655%	$2.7M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0169%	8h	274.76	+0.615%	$45K	$141K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0333%	1h	274.76	+0.615%	$7K	$4K	10x	as long as short