Settings8H · net · $10k
Funding arb · Price arb /

COIN

RWAall COIN markets
SwapBacktest
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 +0.014%
Price spread now: OKX against GRVT−0.047%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$410.406% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.078%+$8 on $10k
Price spread, last 4 days (all we have)+0.015%+$2 · spread now −0.047%, 7d avg −0.014%
Together, before fees+0.094%+ Points / potential airdropGRVT: Active · farm board+$9 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: OKX is 0.033% cheaper against GRVT than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT COIN_USDT_Perp197.390get 0.0000% / 8h5h 55m$14K$2.1M10x
ShortOKX COIN-USDT-SWAP197.300get 0.0000% / 8h5h 55m$3.0M$4.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$0
Price spread: −0.047% → −0.014%
−$3.26
Slippage, 4 orders
−$21.61
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee OKX: 5 bp × 2 orders
−$10
Net
−$43.87
Costs to cover
0.406%
Break-even
never at this rate
Slippage from GRVT: live order book, 3 min ago; OKX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 3 min ago1.52 bp9.5 bp −$936.4 bp −$364doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago1.27 bp11.7 bp −$1224.9 bp −$249doesn't fitdoesn't fit

COIN on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget COINUSDT−0.0694%8h197.41+0.009%$6.3M$10.1M20xas long as short
Injective COIN/USDC PERP−0.0440%1h197.40+0.004%$44K$48K30xas long as short
Gate COIN_USDT−0.0137%8h197.28−0.057%$1.2M$7.0M50xas long as short
Vest COIN-USD-PERP−0.0085%1h196.92−0.239%$284K25xas long as short
Aster COINUSDT0.0000%8h197.51+0.061%$349K$877K20xas long as short
Extended COIN_24_5-USD0.0000%1h197.35−0.020%$119K$697K10xas long as short
Binance COINUSDT0.0000%8h197.31−0.042%$15.1M$78.2M20xas long as short
Bybit COINUSDT0.0000%8h197.27−0.062%$4.9M$5.9M50xas long as short
OKX COIN-USDT-SWAPshort0.0000%8h197.30−0.047%$3.0M$4.6M20x
Variational Omni COIN0.0000%8h197.59+0.099%$817K$905Kas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT COIN_USDT_Perplong0.0000%8h197.39long leg$14K$2.1M10x
QFEX COIN-USD+0.0016%1h197.30−0.047%$1.3M$3.6M10xas long as short
Lighter COIN+0.0032%1h197.34−0.025%$365K$2.0M10xas long as short
Lighter RH COIN+0.0032%1h197.36−0.016%$449K$1.5M10xas long as short
Arcus COIN-USD+0.0040%1h197.62+0.115%$15K$54K5xas long as short
tradeXYZ xyz:COIN+0.0050%1h197.23−0.082%$15.7M$13.3M10xas long as short
Polymarket Perps COIN-USD+0.0050%1h197.20−0.097%$125K$1.2M10xas long as short
SoDEX COIN-USD+0.0050%1h197.50+0.055%$93$3K10xas long as short
Ondo Perps COIN-USD.P+0.0050%1h197.22−0.087%$350K$3.0M10xas long as short
KuCoin COINUSDTM+0.0100%8h197.31−0.042%$993K$143K20xas long as short
ApeX Omni COINUSDT+0.0100%1h197.36−0.016%$89K$286K50xas long as short
Orderly PERP_COIN_USDC_mythos+0.0100%8h197.31−0.042%$571$4K10xas long as short
Aevo COIN-PERP+0.0104%1h197.58+0.096%$11710xas long as short
Phoenix COIN+0.0160%1h197.32−0.036%$5K$281K10xas long as short
edgeX COINUSDC+0.0733%4h197.37−0.009%$51K$294K10xas long as short