Funding arb · Price arb /

URNM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0923%/8h= +101.1% APRpaid last 24h +0.111%

Price spread now: GRVT against tradeXYZ+0.153%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$1931.932% of the position

Long on tradeXYZ Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.306%+$31 on $10k

Price spread, last 4 days (all we have)−0.163%−$16 · spread now +0.153%, 7d avg +0.069%

Together, before fees+0.144%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and GRVT is 0.085% dearer against tradeXYZ than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.069%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.306% in total (about 16.0% 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	tradeXYZ xyz:URNM	52.140	−0.0101	get 0.0013% / 1h	45m 07s	$1.4M	$484K	10x
Short	GRVT URNM_USDT_Perp	52.220	0.0822	get 0.0822% / 8h	5h 45m	$1K	$124K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against tradeXYZ. 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 tradeXYZbpFee GRVTbpOrdersPrice spread, now +0.153%Rate

Funding earned: $193.86
Price spread: +0.153% → +0.069%: $8.48
Slippage, 4 orders: −$166.22
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $9.11
Costs to cover: 1.932%
Break-even: 6.7 days

Slippage from tradeXYZ: live order book, 5 min ago; GRVT: live order book, 64 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 tradeXYZ live order book, 5 min ago	2.01 bp	52.3 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 64 min ago	5.76 bp	31.6 bp −$32	doesn't fit	doesn't fit	doesn't fit

URNM on 13 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:URNMlong	−0.0101%	1h	52.140	long leg	$1.4M	$484K	10x
BloFin URNM-USDT	−0.0016%	8h	52.140	0.000%	$53K	$2K	20x	as long as short
Aster URNMUSDT	0.0000%	8h	52.144	+0.008%	$17K	$629	20x	as long as short
Binance URNMUSDT	0.0000%	8h	52.190	+0.096%	$722K	$675K	20x	as long as short
OKX URNM-USDT-SWAP	0.0000%	8h	52.200	+0.115%	$207K	$79K	20x	as long as short
Gate URNM_USDT	0.0000%	8h	52.220	+0.153%	$81K	$3K	20x	as long as short
MEXC URNM_USDT	0.0000%	8h	52.160	+0.038%	$407K	$124K	50x	as long as short
Variational Omni URNM	0.0000%	8h	52.192	+0.099%	$93K	$6K	—	as long as short
SunX URNM-USDT	0.0000%	8h	52.160	+0.038%	$1K	$984K	10x	as long as short
HTX URNM-USDT	0.0000%	8h	52.240	+0.192%	$5K	$2K	10x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica URNM	+0.0100%	1h	52.180	+0.077%	$26K	$13K	10x	as long as short
Ondo Perps URNM-USD.P	+0.0637%	1h	52.220	+0.153%	$2K	$2K	5x	as long as short
GRVT URNM_USDT_Perpshort	+0.0822%	8h	52.220	+0.153%	$1K	$124K	10x