Funding arb · Price arb /

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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−0.666%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2,113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,170as in the Price arb table

costs, in and out, $10k−$2,11221.119% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.774%+$77 · spread now −0.666%, 7d avg −0.087%

Together, before fees+0.762%+ Points / potential airdropGRVT: Active · farm board+$76 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 0.579% cheaper against Bitget than usual: you would sell low and buy high, −$58 on $10k if it goes back to its 7-day average of −0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BASEDUSDT	0.06827	0.0100	pay 0.0050% / 4h	7m 01s	$1.3M	$370K	25x
Short	GRVT BASED_USDT_Perp	0.06782	0.0100	get 0.0050% / 4h	7m 01s	$95K	$382K	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 −0.666%Rate

Funding earned: $0
Price spread: −0.666% → −0.087%: −$57.94
Slippage, 4 orders: −$2,090.92
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$2,169.87
Costs to cover: 21.119%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; GRVT: live order book, 51 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, 4 min ago	8.06 bp	22.4 bp −$22	111.0 bp −$1,110	doesn't fit	doesn't fit
Sell GRVT live order book, 51 min ago	240.24 bp	835.7 bp −$836	doesn't fit	doesn't fit	doesn't fit

BASED on 15 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 BASEDUSDT	+0.0100%	4h	0.06822	−0.072%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06823	−0.059%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06810	−0.249%	$2.1M	$706K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06820	−0.103%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06818	−0.132%	$535K	$599K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06827	0.000%	$4.9M	$596K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06818	−0.132%	$578K	$72K	20x	as long as short
Bitget BASEDUSDTlong	+0.0100%	4h	0.06827	long leg	$1.3M	$370K	25x
BingX BASED-USDT	+0.0100%	4h	0.06819	−0.117%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06810	−0.245%	$94K	$15K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perpshort	+0.0100%	4h	0.06782	−0.666%	$95K	$382K	10x
SunX BASED-USDT	+0.0100%	4h	0.06820	−0.103%	$1K	$901K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06823	−0.057%	$2K	$201K	5x	as long as short
BloFin BASED-USDT	+0.0133%	4h	0.06827	0.000%	$258K	$47K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0284%	4h	0.06818	−0.132%	$3K	$664	10x	as long as short