Funding arb · Price arb /

BX

RWAall BX markets

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 −0.279%

Price spread now: Gate against GRVT+0.064%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$669as in the Funding arb table

Net, price: spread back to 7d avg − costs−$659as in the Price arb table

costs, in and out, $10k−$6636.630% of the position

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$5 on $10k

Price spread, last 4 days (all we have)−0.055%−$5 · spread now +0.064%, 7d avg +0.018%

Together, before fees−0.110%+ Points / potential airdropGRVT: Active · farm board−$11 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: Gate is 0.045% dearer against GRVT than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BX_USDT_Perp	126.39	0	get 0.0000% / 8h	3h 10m	$774	$107K	10x
Short	Gate BX_USDT	126.47	0	get 0.0000% / 8h	3h 10m	$423K	$28K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → +0.018%: $4.53
Slippage, 4 orders: −$639.03
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$658.5
Costs to cover: 6.630%
Break-even: never at this rate

Slippage from GRVT: live order book, 37 min ago; Gate: live order book, 40 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, 37 min ago	2.38 bp	537.9 bp −$538	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 40 min ago	11.88 bp	71.4 bp −$71	doesn't fit	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	−0.0346%	1h	126.28	−0.087%	$664K	$223K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.29	−0.078%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.39	0.000%	$483K	$803K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.49	+0.080%	$164K	$112K	20x	as long as short
QFEX BX-USD	0.0000%	1h	126.92	+0.420%	$1.1M	$1.5M	10x	as long as short
Gate BX_USDTshort	0.0000%	8h	126.47	+0.064%	$423K	$28K	20x
Bitget BXUSDT	0.0000%	8h	126.42	+0.024%	$900K	$37K	20x	as long as short
GRVT BX_USDT_Perplong	0.0000%	8h	126.39	long leg	$774	$107K	10x
SunX BX-USDT	0.0000%	8h	126.36	−0.023%	$834	$314K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.42	+0.024%	$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
Variational Omni BX	+0.0037%	8h	126.34	−0.038%	$43K	$12K	—	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.20	−0.150%	$115K	$884K	20x	as long as short
Binance BXUSDT	+0.0163%	8h	126.32	−0.055%	$775K	$495K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.772%	$4K	$32K	12x	as long as short