Funding arb · Price arb /

EDGE

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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−0.531%63s7-day average +0.172% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.684%+$68 · spread now −0.531%, 7d avg +0.172%

Together, before fees+0.684%+ Points / potential airdropGRVT: Active · farm board+$68 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 0.702% cheaper against Bitget than usual: you would sell low and buy high, −$70 on $10k if it goes back to its 7-day average of +0.172%. The two prices were read 63 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 EDGEUSDT	0.5966	0.0100	pay 0.0050% / 4h	1h 22m	$4.7M	$1.1M	20x
Short	GRVT EDGE_USDT_Perp	0.5934	0.0100	get 0.0050% / 4h	1h 22m	$7K	$2.1M	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

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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 BitgetbpFee GRVTbpOrdersPrice spread, now −0.531%Rate

Funding earned: $0
Price spread: −0.531% → +0.172%: −$70.23
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$91.23
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 6 min ago; GRVT: live order book, 1 min ago. Net counts fees only.

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, 6 min ago	5.90 bp	32.3 bp −$32	386.9 bp −$3,869	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	7.54 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

EDGE on 17 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
Lighter EDGE	+0.0096%	1h	0.5961	−0.080%	$44K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5962	−0.067%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5969	+0.050%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDTlong	+0.0100%	4h	0.5966	long leg	$4.7M	$1.1M	20x
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5971	+0.080%	$62K	$104K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5933	−0.557%	$189K	$135K	—	as long as short
GRVT EDGE_USDT_Perpshort	+0.0100%	4h	0.5934	−0.531%	$7K	$2.1M	10x
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5946	−0.335%	$9K	$306K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6243	+4.643%	$4K	$621K	10x	as long as short
MEXC EDGE_USDT	+0.0454%	4h	0.5970	+0.067%	$1.2M	$901K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USD	+0.0456%	1h	0.5970	+0.066%	$27K	$194K	5x	as long as short
BloFin EDGE-USDT	+0.0457%	4h	0.5971	+0.084%	$658K	$102K	50x	as long as short
Binance EDGEUSDT	+0.0476%	4h	0.5974	+0.140%	$10.2M	$10.3M	50x	as long as short
Aster EDGEUSDT	+0.0519%	4h	0.5957	−0.150%	$68K	$129K	5x	as long as short
edgeX EDGEUSDC	+0.0523%	4h	0.5947	−0.323%	$14.2M	$3.6M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0558%	4h	0.5975	+0.151%	$3.7M	$5.8M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0666%	4h	0.5965	−0.017%	$3K	—	10x	as long as short