Funding arb · Price arb /

BX

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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 −0.132%

Price spread now: Binance against GRVT−0.056%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1261.265% of the position

Long on GRVT Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 2 days (all we have)+0.088%+$9 · spread now −0.056%, 7d avg −0.007%

Together, before fees+0.082%+ Points / potential airdropGRVT: Active · farm board+$8 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: Binance is 0.048% cheaper against GRVT than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BX_USDT_Perp	126.34	0	get 0.0000% / 8h	1h 35m	$922	$104K	10x
Short	Binance BXUSDT	126.27	0	get 0.0000% / 8h	1h 35m	$775K	$490K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.007%: −$4.8
Slippage, 4 orders: −$107.47
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$131.27
Costs to cover: 1.265%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; Binance: live order book, 57 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, 1 min ago	6.34 bp	40.2 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 57 min ago	4.75 bp	28.4 bp −$28	136.4 bp −$1,364	doesn't fit	doesn't fit

BX on 14 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 BXUSDT	0.0000%	8h	126.17	−0.138%	$5K	$2K	20x	as long as short
Binance BXUSDTshort	0.0000%	8h	126.27	−0.056%	$775K	$490K	20x
Bybit BXUSDT	0.0000%	8h	126.34	−0.001%	$482K	$804K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.29	−0.041%	$163K	$112K	20x	as long as short
QFEX BX-USD	0.0000%	1h	126.92	+0.458%	$1.1M	$1.5M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.44	+0.078%	$422K	$25K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.42	+0.062%	$900K	$37K	20x	as long as short
Variational Omni BX	0.0000%	8h	126.26	−0.062%	$43K	$12K	—	as long as short
GRVT BX_USDT_Perplong	0.0000%	8h	126.34	long leg	$922	$104K	10x
SunX BX-USDT	0.0000%	8h	126.35	+0.006%	$452	$302K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BX-USDT	0.0000%	8h	126.42	+0.062%	$7K	$4K	20x	as long as short
tradeXYZ xyz:BX	+0.0050%	1h	126.21	−0.104%	$664K	$223K	10x	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.13	−0.168%	$116K	$809K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.813%	$4K	$32K	12x	as long as short