Funding arb · Price arb /

CSCO

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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 +0.010%

Price spread now: GRVT against Binance+0.020%69s7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1171.174% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 2 days (all we have)+0.013%+$1 · spread now +0.020%, 7d avg −0.014%

Together, before fees+0.051%+ Points / potential airdropGRVT: Active · farm board+$5 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: GRVT is 0.034% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.014%. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CSCOUSDT	111.65	0	get 0.0000% / 8h	1h 34m	$751K	$508K	20x
Short	GRVT CSCO_USDT_Perp	111.67	0	get 0.0000% / 8h	1h 34m	$473	$171K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Binance. 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 BinancebpFee GRVTbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.014%: $3.36
Slippage, 4 orders: −$98.42
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$114.05
Costs to cover: 1.174%
Break-even: never at this rate

Slippage from Binance: live order book, 58 min ago; GRVT: live order book, 8 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 Binance live order book, 58 min ago	0.89 bp	15.5 bp −$16	56.5 bp −$565	doesn't fit	doesn't fit
Sell GRVT live order book, 8 min ago	2.68 bp	43.5 bp −$43	doesn't fit	doesn't fit	doesn't fit

CSCO on 13 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 CSCOUSDT	0.0000%	8h	111.66	+0.011%	$4K	$6K	20x	as long as short
Binance CSCOUSDTlong	0.0000%	8h	111.65	long leg	$751K	$508K	20x
Bybit CSCOUSDT	0.0000%	8h	111.66	+0.011%	$411K	$32K	25x	as long as short
OKX CSCO-USDT-SWAP	0.0000%	8h	111.61	−0.034%	$270K	$159K	20x	as long as short
Gate CSCO_USDT	0.0000%	8h	111.59	−0.052%	$305K	$9K	25x	as long as short
Bitget CSCOUSDT	0.0000%	8h	111.70	+0.047%	$321K	$85K	20x	as long as short
Variational Omni CSCO	0.0000%	8h	111.62	−0.025%	$39K	$40K	—	as long as short
GRVT CSCO_USDT_Perpshort	0.0000%	8h	111.67	+0.020%	$473	$171K	10x
SunX CSCO-USDT	0.0000%	8h	111.64	−0.007%	$1K	$1.4M	10x	as long as short
HTX CSCO-USDT	0.0000%	8h	111.70	+0.047%	$6K	$3K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CSCOUSDT	0.0000%	8h	111.72	+0.065%	$1.3M	$40K	10x	as long as short
KuCoin CSCOUSDTM	+0.0100%	8h	111.50	−0.133%	$328K	$836K	20x	as long as short
Extended CSCO_24_5-USD	+0.0104%	1h	111.52	−0.119%	$233K	$2K	10x	as long as short