Funding arb · Price arb /

CSCO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0572%/8h= −62.6% APRpaid last 24h +0.031%

Price spread now: Extended against GRVT−0.103%52s7-day average −0.115% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as 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 GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.129%+$13 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.103%, 7d avg −0.115%

Together, before fees+0.165%+ Points / potential airdropGRVT: Active · Extended: Active · farm board+$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.115%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.129%, so the current rate has only just turned against you. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.129% in total (about 6.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CSCO_USDT_Perp	111.38	0.0676	pay 0.0676% / 8h	7h 50m	$472	$164K	10x
Short	Extended CSCO_24_5-USD	111.27	0.0104	get 0.0013% / 1h	50m 29s	$232K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.103%Rate

Funding earned: −$120.12
Price spread: −0.103% → −0.115%: $1.15
Slippage, 4 orders: −$103.37
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$236.34
Costs to cover: 1.174%
Break-even: never at this rate

Slippage from GRVT: live order book, 47 min ago; Extended: live order book, 46 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, 47 min ago	2.24 bp	41.8 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 46 min ago	17.92 bp	20.4 bp −$20	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	111.25	−0.119%	$4K	$6K	20x	as long as short
Binance CSCOUSDT	0.0000%	8h	111.38	0.000%	$738K	$510K	20x	as long as short
Bybit CSCOUSDT	0.0000%	8h	111.28	−0.090%	$409K	$31K	25x	as long as short
OKX CSCO-USDT-SWAP	0.0000%	8h	111.39	+0.009%	$269K	$162K	20x	as long as short
Gate CSCO_USDT	0.0000%	8h	111.33	−0.045%	$304K	$9K	25x	as long as short
Bitget CSCOUSDT	0.0000%	8h	111.37	−0.009%	$320K	$85K	20x	as long as short
Variational Omni CSCO	0.0000%	8h	111.40	+0.015%	$36K	$44K	—	as long as short
SunX CSCO-USDT	0.0000%	8h	111.41	+0.027%	$2K	$1.5M	10x	as long as short
HTX CSCO-USDT	0.0000%	8h	111.35	−0.027%	$6K	$3K	10x	as long as short
Phemex CSCOUSDT	0.0000%	8h	111.56	+0.162%	$1.3M	$40K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CSCOUSDTM	+0.0100%	8h	111.30	−0.072%	$329K	$869K	20x	as long as short
Extended CSCO_24_5-USDshort	+0.0104%	1h	111.27	−0.103%	$232K	$2K	10x
GRVT CSCO_USDT_Perplong	+0.0676%	8h	111.38	long leg	$472	$164K	10x