Funding arb · Price arb /

COIN

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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 −0.015%

Price spread now: Aster against GRVT+0.103%7-day average −0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1531.533% of the position

Long on GRVT Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)−0.789%−$79 · spread now +0.103%, 7d avg −0.069%

Together, before fees−0.831%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board−$83 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: Aster is 0.173% dearer against GRVT than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT COIN_USDT_Perp	196.57	0	get 0.0000% / 8h	3h 31m	$21K	$2.4M	10x
Short	Aster COINUSDT	196.77	0	get 0.0000% / 8h	3h 31m	$343K	$890K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.103%Rate

Funding earned: $0
Price spread: +0.103% → −0.069%: $17.25
Slippage, 4 orders: −$136.27
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$136.02
Costs to cover: 1.533%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Aster: live order book, 22 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, 2 min ago	1.78 bp	17.2 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 22 min ago	52.17 bp	59.7 bp −$60	178.0 bp −$1,780	doesn't fit	doesn't fit

COIN on 26 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
Bitget COINUSDT	−0.0719%	8h	196.98	+0.211%	$6.3M	$10.5M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	196.54	−0.013%	$43K	$48K	30x	as long as short
Gate COIN_USDT	−0.0219%	8h	196.88	+0.160%	$1.2M	$7.3M	50x	as long as short
Vest COIN-USD-PERP	−0.0107%	1h	195.97	−0.303%	—	$266K	25x	as long as short
Aster COINUSDTshort	0.0000%	8h	196.77	+0.103%	$343K	$890K	20x
Extended COIN_24_5-USD	0.0000%	1h	196.82	+0.131%	$116K	$690K	10x	as long as short
Binance COINUSDT	0.0000%	8h	196.88	+0.160%	$14.7M	$80.0M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.89	+0.165%	$4.8M	$6.0M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.80	+0.119%	$3.0M	$4.6M	20x	as long as short
Variational Omni COIN	0.0000%	8h	196.85	+0.145%	$684K	$939K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perplong	0.0000%	8h	196.57	long leg	$21K	$2.4M	10x
QFEX COIN-USD	+0.0020%	1h	196.58	+0.007%	$1.3M	$3.2M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.81	+0.124%	$454K	$1.5M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.73	+0.084%	$15K	$55K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.71	+0.073%	$15.4M	$13.6M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	196.58	+0.007%	$133K	$1.2M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	196.67	+0.053%	$82	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	196.46	−0.054%	$361K	$2.7M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	196.82	+0.129%	$992K	$143K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	196.49	−0.038%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.83	+0.135%	$569	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.82	+0.132%	$116	—	10x	as long as short
Lighter COIN	+0.0112%	1h	196.86	+0.151%	$341K	$2.0M	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	196.85	+0.145%	$189K	$393K	20x	as long as short
Phoenix COIN	+0.0122%	1h	196.57	+0.002%	$4K	$283K	10x	as long as short
edgeX COINUSDC	+0.0833%	4h	196.50	−0.035%	$51K	$296K	10x	as long as short