Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.018%

Price spread now: Coinbase International against GRVT−0.229%7-day average −0.317% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$580.575% of the position

Long on GRVT Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.172%+$17 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.229%, 7d avg −0.317%

Together, before fees+0.298%+ Points / potential airdropGRVT: Active · farm board+$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.088% dearer against GRVT than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.317%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BE_USDT_Perp	272.39	0	get 0.0000% / 8h	2h 55m	$6K	$162K	10x
Short	Coinbase International BE-PERP-INTX	271.77	0.0056	get 0.0007% / 1h	55m 23s	$475K	$136K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GRVT. 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 GRVTbpFee Coinbase InternationalbpOrdersPrice spread, now −0.229%Rate

Funding earned: $11.76
Price spread: −0.229% → −0.317%: $8.83
Slippage, 4 orders: −$38.5
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$36.91
Costs to cover: 0.575%
Break-even: 29.0 days

Slippage from GRVT: live order book, 52 min ago; Coinbase International: live order book, 58 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 GRVT live order book, 52 min ago	3.28 bp	18.6 bp −$19	25.9 bp −$259	doesn't fit	doesn't fit
Sell Coinbase International live order book, 58 min ago	4.55 bp	9.6 bp −$10	19.3 bp −$193	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	272.62	+0.083%	$343K	$120K	20x	as long as short
Extended BE-USD	0.0000%	1h	272.51	+0.041%	$47K	$258K	10x	as long as short
Binance BEUSDT	0.0000%	8h	272.61	+0.079%	$8.3M	$36.9M	25x	as long as short
Gate BE_USDT	0.0000%	8h	272.50	+0.039%	$1.4M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	272.63	+0.087%	$1.6M	$2.6M	20x	as long as short
GRVT BE_USDT_Perplong	0.0000%	8h	272.39	long leg	$6K	$162K	10x
SunX BE-USDT	0.0000%	8h	272.46	+0.024%	$1K	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	272.48	+0.032%	$13K	$35K	20x	as long as short
Bybit BEUSDT	+0.0009%	8h	272.48	+0.032%	$2.0M	$1.1M	25x	as long as short
QFEX BE-USD	+0.0024%	1h	272.50	+0.039%	$1.3M	$2.5M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BE	+0.0032%	1h	272.54	+0.054%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	272.68	+0.105%	$249K	$290K	10x	as long as short
OKX BE-USDT-SWAP	+0.0040%	8h	272.64	+0.090%	$2.6M	$6.9M	25x	as long as short
Arcus BE-USD	+0.0040%	1h	272.10	−0.108%	$114K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	272.49	+0.035%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	272.52	+0.046%	$5.9M	$2.7M	10x	as long as short
Coinbase International BE-PERP-INTXshort	+0.0056%	1h	271.77	−0.229%	$475K	$136K	10x
KuCoin BEUSDTM	+0.0100%	8h	272.49	+0.035%	$368K	$18K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	272.70	+0.111%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	272.39	−0.001%	$46K	$144K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0741%	1h	272.84	+0.164%	$6K	$4K	10x	as long as short