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 −0.297%

Price spread now: Bitget against GRVT+0.040%7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$210as in the Funding arb table

Net, price: spread back to 7d avg − costs−$209as in the Price arb table

costs, in and out, $10k−$2032.027% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now +0.040%, 7d avg +0.106%

Together, before fees+0.012%+ Points / potential airdropGRVT: Active · farm board+$1 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: Bitget is 0.067% cheaper against GRVT than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BX_USDT_Perp	126.37	0	get 0.0000% / 8h	4h 01m	$815	$110K	10x
Short	Bitget BXUSDT	126.42	0	get 0.0000% / 8h	4h 01m	$900K	$37K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.106%: −$6.68
Slippage, 4 orders: −$181.72
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$209.4
Costs to cover: 2.027%
Break-even: never at this rate

Slippage from GRVT: live order book, 51 min ago; Bitget: live order book, 54 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, 51 min ago	3.17 bp	103.5 bp −$104	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 54 min ago	13.06 bp	39.5 bp −$39	81.6 bp −$816	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
tradeXYZ xyz:BX	−0.0377%	1h	126.29	−0.063%	$664K	$214K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.22	−0.115%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.34	−0.024%	$484K	$836K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.24	−0.103%	$163K	$112K	20x	as long as short
QFEX BX-USD	0.0000%	1h	127.01	+0.506%	$1.1M	$1.5M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.46	+0.071%	$423K	$28K	20x	as long as short
Bitget BXUSDTshort	0.0000%	8h	126.42	+0.040%	$900K	$37K	20x
GRVT BX_USDT_Perplong	0.0000%	8h	126.37	long leg	$815	$110K	10x
SunX BX-USDT	0.0000%	8h	126.34	−0.024%	$1K	$317K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.52	+0.119%	$7K	$3K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BXUSDTM	+0.0100%	8h	126.18	−0.150%	$114K	$922K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	137.37	+8.705%	$4K	$32K	12x	as long as short
Variational Omni BX	+0.0330%	8h	126.33	−0.029%	$43K	$12K	—	as long as short
Binance BXUSDT	+0.0477%	8h	126.34	−0.024%	$779K	$491K	20x	as long as short