Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: GRVT against Bybit+0.004%7-day average +0.144% · you sell dearer than you buy

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

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 3 days (all we have)+0.084%+$8 · spread now +0.004%, 7d avg +0.144%

Together, before fees+0.074%+ Points / potential airdropGRVT: Active · farm board+$7 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 0.140% cheaper against Bybit than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.144%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EDGEUSDT	0.5978	0.0100	pay 0.0050% / 4h	33m 23s	$7.1M	$3.3M	25x
Short	GRVT EDGE_USDT_Perp	0.5978	0.0100	get 0.0050% / 4h	33m 23s	$7K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bybit. 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 BybitbpFee GRVTbpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → +0.144%: −$14.03
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$34.03
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; GRVT: live order book, 5 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 Bybit live order book, 5 min ago	0.84 bp	64.9 bp −$65	367.2 bp −$3,672	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	3.34 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	0.5966	−0.196%	$55K	$8K	3x	as long as short
Bybit EDGEUSDTlong	+0.0100%	4h	0.5978	long leg	$7.1M	$3.3M	25x
Bitget EDGEUSDT	+0.0100%	4h	0.5975	−0.050%	$4.7M	$999K	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5981	+0.047%	$58K	$100K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5959	−0.313%	$193K	$131K	—	as long as short
GRVT EDGE_USDT_Perpshort	+0.0100%	4h	0.5978	+0.004%	$7K	$1.8M	10x
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5984	+0.100%	$9K	$288K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5945	−0.552%	$4K	$611K	10x	as long as short
KuCoin EDGEUSDTM	+0.0174%	4h	0.5983	+0.084%	$2.1M	$2.2M	50x	as long as short
MEXC EDGE_USDT	+0.0620%	4h	0.5989	+0.184%	$1.2M	$915K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin EDGE-USDT	+0.0621%	4h	0.5996	+0.301%	$649K	$126K	50x	as long as short
Extended EDGE-USD	+0.0624%	1h	0.5986	+0.133%	$27K	$230K	5x	as long as short
Binance EDGEUSDT	+0.0625%	4h	0.5991	+0.217%	$10.2M	$10.1M	50x	as long as short
Aster EDGEUSDT	+0.0630%	4h	0.5989	+0.189%	$69K	$135K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0671%	4h	0.5986	+0.134%	$3K	—	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0722%	4h	0.5993	+0.251%	$3.7M	$5.9M	20x	as long as short
edgeX EDGEUSDC	+0.0736%	4h	0.5982	+0.075%	$14.3M	$3.5M	30x	as long as short