Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.030%

Price spread now: GRVT against Gate+0.193%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$730.733% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.244%+$24 · spread now +0.193%, 7d avg +0.082%

Together, before fees+0.212%+ Points / potential airdropGRVT: Active · farm board+$21 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 0.111% dearer against Gate than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BE_USDT	274.70	0	get 0.0000% / 8h	4h 01m	$1.5M	$3.4M	50x
Short	GRVT BE_USDT_Perp	275.23	0	get 0.0000% / 8h	4h 01m	$7K	$163K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Gate. 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 GatebpFee GRVTbpOrdersPrice spread, now +0.193%Rate

Funding earned: $0
Price spread: +0.193% → +0.082%: $11.07
Slippage, 4 orders: −$49.3
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$62.22
Costs to cover: 0.733%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; GRVT: live order book, 51 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 Gate live order book, 1 min ago	3.64 bp	17.1 bp −$17	48.3 bp −$483	79.0 bp −$7,904	doesn't fit
Sell GRVT live order book, 51 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	274.68	−0.009%	$346K	$119K	20x	as long as short
Gate BE_USDTlong	0.0000%	8h	274.70	long leg	$1.5M	$3.4M	50x
Bitget BEUSDT	0.0000%	8h	274.88	+0.066%	$1.7M	$2.5M	20x	as long as short
GRVT BE_USDT_Perpshort	0.0000%	8h	275.23	+0.193%	$7K	$163K	10x
SunX BE-USDT	0.0000%	8h	275.30	+0.218%	$969	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	275.30	+0.218%	$13K	$35K	20x	as long as short
Lighter BE	+0.0032%	1h	274.48	−0.080%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	274.71	+0.004%	$251K	$291K	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0040%	1h	273.08	−0.590%	$473K	$128K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	274.92	+0.080%	$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	274.95	+0.091%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	274.85	+0.055%	$5.9M	$2.6M	10x	as long as short
QFEX BE-USD	+0.0052%	1h	274.92	+0.080%	$1.3M	$2.7M	10x	as long as short
Binance BEUSDT	+0.0054%	8h	274.99	+0.104%	$8.5M	$36.4M	25x	as long as short
Extended BE-USD	+0.0056%	1h	274.88	+0.067%	$46K	$260K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.95	+0.091%	$371K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.79	+0.033%	—	—	10x	as long as short
Bybit BEUSDT	+0.0112%	8h	274.91	+0.076%	$2.0M	$1.2M	25x	as long as short
OKX BE-USDT-SWAP	+0.0153%	8h	275.08	+0.138%	$2.7M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0175%	8h	275.22	+0.189%	$45K	$141K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0479%	1h	274.71	+0.004%	$7K	$4K	10x	as long as short