Funding arb · Price arb /

SAMSUNG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.2849%/8h= −312.0% APRpaid last 24h −0.053%

Price spread now: tradeXYZ against GRVT−0.078%46s7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as 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−$380.376% of the position

Long on GRVT Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.078%, 7d avg −0.089%

Together, before fees+0.020%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.089%, so right now this pair is about funding alone: −$85 a day on $10k at the current rate. The two prices were read 46 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 0.018% in total (about 0.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SAMSUNG_USDT_Perp	203.57	0.0438	pay 0.0219% / 4h	56m 44s	$22K	$249K	10x
Short	tradeXYZ xyz:SMSN	203.41	−0.2411	pay 0.0301% / 1h	56m 44s	$47.8M	$54.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$598.29
Price spread: −0.078% → −0.089%: $1.09
Slippage, 4 orders: −$10.6
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$634.79
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from GRVT: live order book, 48 min ago; tradeXYZ: live order book, 6 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, 48 min ago	1.47 bp	8.2 bp −$8	13.9 bp −$139	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.74 bp	10.5 bp −$10	15.3 bp −$153	doesn't fit	doesn't fit

SAMSUNG on 24 exchanges

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:SMSNshort	−0.2411%	1h	203.41	−0.078%	$47.8M	$54.9M	10x
Polymarket Perps SAMSUNG-USD	−0.1925%	1h	203.48	−0.043%	$45K	$51K	10x	as long as short
OKX SAMSUNG-USDT-SWAP	−0.1906%	8h	203.23	−0.166%	$5.7M	$24.3M	25x	as long as short
Bybit SAMSUNGUSDT	−0.1058%	8h	203.25	−0.156%	$8.6M	$15.7M	100x	as long as short
Ondo Perps SMSN-USD.P	−0.0938%	1h	203.59	+0.011%	$316K	$120K	10x	as long as short
KuCoin SAMSUNGUSDTM	−0.0516%	4h	203.50	−0.033%	$697K	$398K	20x	as long as short
SoDEX SAMSUNG-USD	−0.0364%	1h	203.46	−0.053%	$3K	$3K	10x	as long as short
Aftermath Perps SAMSUNGUSD	−0.0337%	1h	203.48	−0.043%	$925	$27K	5x	as long as short
Pacifica SAMSUNG	−0.0149%	1h	203.32	−0.119%	$84K	$23K	10x	as long as short
edgeX SAMSUNGUSDC	−0.0046%	4h	203.68	+0.054%	$250K	$366K	10x	as long as short

Show all 24 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SAMSUNG_USDT	0.0000%	4h	203.34	−0.112%	$12.8M	$30.3M	75x	as long as short
Bitget SAMSUNGUSDT	0.0000%	4h	203.49	−0.038%	$4.2M	$17.7M	20x	as long as short
SunX SAMSUNG-USDT	0.0000%	4h	203.35	−0.107%	$872	$499K	10x	as long as short
HTX SAMSUNG-USDT	0.0000%	4h	203.27	−0.146%	$62K	$100K	20x	as long as short
Phemex SAMSUNGUSDT	0.0000%	8h	203.43	−0.068%	$2.7M	$1.2M	10x	as long as short
Orderly PERP_SAMSUNG_USDC_mythos	+0.0080%	8h	203.46	−0.053%	$3K	$432	10x	as long as short
ApeX Omni SAMSUNGUSDT	+0.0100%	1h	203.49	−0.038%	$5K	$138K	50x	as long as short
Aevo SMSN-PERP	+0.0104%	1h	203.51	−0.029%	$32K	—	10x	as long as short
Extended SAMSUNG-USD	+0.0208%	1h	203.33	−0.115%	$191K	$44K	10x	as long as short
Binance SAMSUNGUSDT	+0.0208%	4h	203.41	−0.078%	$24.7M	$183.5M	25x	as long as short
Aster SAMSUNGUSDT	+0.0211%	4h	203.44	−0.064%	$103K	$113K	50x	as long as short
BloFin SAMSUNG-USDT	+0.0219%	4h	203.46	−0.053%	$316K	$331K	25x	as long as short
Kraken Futures PF_SAMSUNGUSD	+0.0428%	1h	203.27	−0.147%	$46K	$15K	20x	as long as short
GRVT SAMSUNG_USDT_Perplong	+0.0438%	4h	203.57	long leg	$22K	$249K	10x