Funding arb · Price arb /

EDGE

all EDGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against GRVT−0.350%7-day average −0.168% · you buy dearer than you sell

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

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.155%+$15 · spread now −0.350%, 7d avg −0.168%

Together, before fees+0.155%+ Points / potential airdropGRVT: Active · farm board+$15 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: Bitget is 0.182% cheaper against GRVT than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.168%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT EDGE_USDT_Perp	0.6029	0.0100	pay 0.0050% / 4h	1h 08m	$2K	$3.0M	10x
Short	Bitget EDGEUSDT	0.6008	0.0100	get 0.0050% / 4h	1h 08m	$4.8M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GRVT. 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 GRVTbpFee BitgetbpOrdersPrice spread, now −0.350%Rate

Funding earned: $0
Price spread: −0.350% → −0.168%: −$18.18
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$39.18
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 5 min ago; Bitget: live order book, 4 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 GRVT live order book, 5 min ago	2.49 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	8.30 bp	33.0 bp −$33	241.6 bp −$2,416	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
Backpack EDGE_USDC_PERP	−0.0149%	1h	0.6004	−0.413%	$57K	$122K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5998	−0.518%	$44K	$22K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.6004	−0.416%	$7.3M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.6015	−0.234%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDTshort	+0.0100%	4h	0.6008	−0.350%	$4.8M	$1.1M	20x
Variational Omni EDGE	+0.0100%	4h	0.6021	−0.136%	$190K	$144K	—	as long as short
GRVT EDGE_USDT_Perplong	+0.0100%	4h	0.6029	long leg	$2K	$3.0M	10x
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6038	+0.147%	$9K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5967	−1.030%	$3K	$641K	10x	as long as short
Aster EDGEUSDT	+0.0335%	4h	0.6009	−0.339%	$53K	$155K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0476%	4h	0.6018	−0.179%	$14.4M	$3.7M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0482%	4h	0.6016	−0.217%	$3.8M	$6.1M	20x	as long as short
BloFin EDGE-USDT	+0.0500%	4h	0.6007	−0.367%	$663K	$107K	50x	as long as short
Extended EDGE-USD	+0.0504%	1h	0.6007	−0.370%	$27K	$83K	5x	as long as short
MEXC EDGE_USDT	+0.0506%	4h	0.6008	−0.350%	$1.1M	$807K	50x	as long as short
Binance EDGEUSDT	+0.0507%	4h	0.6009	−0.339%	$10.3M	$10.8M	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0633%	4h	0.6011	−0.300%	$3K	$1K	10x	as long as short