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 +0.011%

Price spread now: GRVT against SunX+0.105%74s7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$281as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2862.858% of the position

Long on SunX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−0.367%−$37 · spread now +0.105%, 7d avg −0.009%

Together, before fees−0.314%+ Points / potential airdropGRVT: Active · farm board−$31 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 0.115% dearer against SunX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.009%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BE-USDT	274.94	0	get 0.0000% / 8h	3h 58m	$1K	$2.4M	10x
Short	GRVT BE_USDT_Perp	275.23	0	get 0.0000% / 8h	3h 58m	$7K	$163K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against SunX. 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 SunXbpFee GRVTbpOrdersPrice spread, now +0.105%Rate

Funding earned: $0
Price spread: +0.105% → −0.009%: $11.47
Slippage, 4 orders: −$268.81
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$274.34
Costs to cover: 2.858%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; GRVT: live order book, 55 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 SunX live order book, 8 min ago	44.83 bp	124.4 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 55 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	274.77	−0.062%	$346K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	274.70	−0.087%	$1.5M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.92	−0.007%	$1.7M	$2.5M	20x	as long as short
GRVT BE_USDT_Perpshort	0.0000%	8h	275.23	+0.105%	$7K	$163K	10x
SunX BE-USDTlong	0.0000%	8h	274.94	long leg	$1K	$2.4M	10x
HTX BE-USDT	0.0000%	8h	275.67	+0.266%	$13K	$35K	20x	as long as short
Lighter BE	+0.0032%	1h	274.56	−0.138%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	274.73	−0.076%	$251K	$290K	10x	as long as short
QFEX BE-USD	+0.0036%	1h	274.95	+0.004%	$1.3M	$2.7M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	274.85	−0.033%	$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	274.92	−0.007%	—	—	10x	as long as short
Extended BE-USD	+0.0048%	1h	274.90	−0.014%	$46K	$260K	10x	as long as short
Binance BEUSDT	+0.0049%	8h	274.91	−0.011%	$8.5M	$36.5M	25x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	274.82	−0.044%	$5.9M	$2.6M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0064%	1h	273.08	−0.677%	$473K	$128K	10x	as long as short
Bybit BEUSDT	+0.0097%	8h	274.91	−0.011%	$2.0M	$1.2M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.85	−0.033%	$371K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.83	−0.039%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0146%	8h	275.15	+0.076%	$2.7M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0171%	8h	274.97	+0.011%	$45K	$141K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0624%	1h	274.83	−0.040%	$7K	$4K	10x	as long as short