Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h +0.115%

Price spread now: Deribit against GRVT−0.048%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.048% cheaper against GRVT than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BE_USDT_Perp	274.78	0	get 0.0000% / 8h	3h 54m	$7K	$163K	10x
Short	Deribit BE_USDC-PERPETUAL	274.65	−0.0041	pay 0.0005% / 1h	54m 54s	$7K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$8.65
Price spread: −0.048% → 0.000%: −$4.75
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$29.4
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 58 min ago; Deribit: no order-book sample. Net counts fees only.

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, 58 min ago	2.18 bp	19.7 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit BE_USDC-PERPETUALshort	−0.0041%	1h	274.65	−0.048%	$7K	$4K	10x
Aster BEUSDT	0.0000%	8h	274.76	−0.008%	$346K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	274.60	−0.066%	$1.5M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.88	+0.036%	$1.7M	$2.5M	20x	as long as short
GRVT BE_USDT_Perplong	0.0000%	8h	274.78	long leg	$7K	$163K	10x
SunX BE-USDT	0.0000%	8h	274.90	+0.043%	$778	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	274.92	+0.051%	$13K	$35K	20x	as long as short
Lighter BE	+0.0032%	1h	274.69	−0.033%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	274.82	+0.014%	$251K	$290K	10x	as long as short
QFEX BE-USD	+0.0036%	1h	274.88	+0.036%	$1.3M	$2.7M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BE-USD	+0.0040%	1h	274.76	−0.007%	$115K	$109K	10x	as long as short
Binance BEUSDT	+0.0045%	8h	274.90	+0.043%	$8.5M	$36.5M	25x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	274.91	+0.047%	—	—	10x	as long as short
Extended BE-USD	+0.0048%	1h	274.80	+0.005%	$46K	$260K	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	274.80	+0.007%	$5.9M	$2.6M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0064%	1h	273.08	−0.619%	$473K	$128K	10x	as long as short
Bybit BEUSDT	+0.0080%	8h	274.84	+0.022%	$2.0M	$1.2M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.81	+0.011%	$371K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.80	+0.007%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0141%	8h	274.94	+0.058%	$2.7M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0165%	8h	274.99	+0.076%	$45K	$142K	20x	as long as short