Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.021%

Price spread now: GRVT against Extended−1.023%52s7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,996as 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−$1,99119.912% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 3 days (all we have)+1.239%+$124 · spread now −1.023%, 7d avg −0.025%

Together, before fees+1.192%+ Points / potential airdropExtended: Active · GRVT: Active · farm board+$119 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 0.998% cheaper against Extended than usual: you would sell low and buy high, −$100 on $10k if it goes back to its 7-day average of −0.025%. The two prices were read 52 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	Extended BASED-USD	0.06802	0.0104	pay 0.0013% / 1h	24m 36s	$5K	$226K	5x
Short	GRVT BASED_USDT_Perp	0.06732	0.0100	get 0.0050% / 4h	1h 24m	$97K	$354K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Extended. 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 ExtendedbpFee GRVTbpOrdersPrice spread, now −1.023%Rate

Funding earned: −$0.84
Price spread: −1.023% → −0.025%: −$99.76
Slippage, 4 orders: −$1,977.15
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$2,091.75
Costs to cover: 19.912%
Break-even: never at this rate

Slippage from Extended: live order book, 57 min ago; GRVT: live order book, 58 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 Extended live order book, 57 min ago	1.70 bp	21.6 bp −$22	232.4 bp −$2,324	doesn't fit	doesn't fit
Sell GRVT live order book, 58 min ago	256.80 bp	668.3 bp −$668	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
BloFin BASED-USDT	+0.0094%	4h	0.06795	−0.098%	$252K	$37K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06803	+0.019%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06792	−0.142%	$2.1M	$578K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06796	−0.084%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06800	−0.025%	$541K	$526K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06802	+0.005%	$4.8M	$646K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06787	−0.216%	$569K	$108K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06803	+0.019%	$1.3M	$363K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06797	−0.069%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06783	−0.280%	$93K	$22K	—	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	0.06732	−1.023%	$97K	$354K	10x
SunX BASED-USDT	+0.0100%	4h	0.06801	−0.010%	$1K	$802K	20x	as long as short
Extended BASED-USDlong	+0.0104%	1h	0.06802	long leg	$5K	$226K	5x
Aster BASEDUSDT	+0.0157%	4h	0.06799	−0.038%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0346%	4h	0.06796	−0.084%	$3K	$652	10x	as long as short