Funding arb · Price arb /

BARD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against Bitget−0.210%83s7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$244as 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−$2312.306% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 4 days (all we have)+0.343%+$34 · spread now −0.210%, 7d avg −0.018%

Together, before fees+0.211%+ Points / potential airdropGRVT: Active · farm board+$21 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 0.192% cheaper against Bitget than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.018%. The two prices were read 83 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	Bitget BARDUSDT	0.1379	0.0100	pay 0.0050% / 4h	1h 20m	$1.1M	$139K	20x
Short	GRVT BARD_USDT_Perp	0.1376	0.0100	get 0.0050% / 4h	1h 20m	$147K	$514K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bitget. 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 BitgetbpFee GRVTbpOrdersPrice spread, now −0.210%Rate

Funding earned: $0
Price spread: −0.210% → −0.018%: −$19.17
Slippage, 4 orders: −$209.61
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$249.79
Costs to cover: 2.306%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; GRVT: live order book, 43 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 Bitget live order book, 1 min ago	3.63 bp	30.5 bp −$31	293.3 bp −$2,933	doesn't fit	doesn't fit
Sell GRVT live order book, 43 min ago	7.27 bp	79.7 bp −$80	267.5 bp −$2,675	doesn't fit	doesn't fit

BARD on 12 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
BingX BARD-USDT	+0.0016%	4h	0.1380	+0.073%	—	$6.5M	—	as long as short
Bybit BARDUSDT	+0.0046%	4h	0.1379	+0.015%	$1.0M	$332K	25x	as long as short
BloFin BARD-USDT	+0.0096%	4h	0.1377	−0.145%	$119K	$5K	25x	as long as short
Aster BARDUSDT	+0.0100%	4h	0.1378	−0.053%	$18K	$16K	5x	as long as short
Binance BARDUSDT	+0.0100%	4h	0.1379	+0.012%	$2.2M	$1.7M	25x	as long as short
OKX BARD-USDT-SWAP	+0.0100%	4h	0.1380	+0.073%	$727K	$989K	20x	as long as short
Gate BARD_USDT	+0.0100%	4h	0.1378	−0.073%	$193K	$33K	20x	as long as short
MEXC BARD_USDT	+0.0100%	4h	0.1378	−0.073%	$727K	$162K	50x	as long as short
KuCoin BARDUSDTM	+0.0100%	4h	0.1374	−0.341%	$105K	$61K	25x	as long as short
Bitget BARDUSDTlong	+0.0100%	4h	0.1379	long leg	$1.1M	$139K	20x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BARD	+0.0100%	4h	0.1379	−0.018%	$12K	$1	—	as long as short
GRVT BARD_USDT_Perpshort	+0.0100%	4h	0.1376	−0.210%	$147K	$514K	10x