Funding arb · Price arb /

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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: Bybit against GRVT−0.270%80s7-day average −0.159% · you buy dearer than you sell

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

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.221%+$22 · spread now −0.270%, 7d avg −0.159%

Together, before fees+0.211%+ Points / potential airdropGRVT: Active · farm board+$21 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: Bybit is 0.111% cheaper against GRVT than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.159%. The two prices were read 80 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	GRVT EDGE_USDT_Perp	0.5927	0.0100	pay 0.0050% / 4h	2h 44m	$11K	$2.7M	10x
Short	Bybit EDGEUSDT	0.5911	0.0100	get 0.0050% / 4h	2h 44m	$7.1M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against GRVT. 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 GRVTbpFee BybitbpOrdersPrice spread, now −0.270%Rate

Funding earned: $0
Price spread: −0.270% → −0.159%: −$11.12
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$31.12
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 5 min ago; Bybit: 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	2.52 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.38 bp	98.3 bp −$98	300.0 bp −$3,000	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	−0.0137%	1h	0.5913	−0.231%	$59K	$114K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5912	−0.253%	$43K	$19K	3x	as long as short
Bybit EDGEUSDTshort	+0.0100%	4h	0.5911	−0.270%	$7.1M	$3.3M	25x
KuCoin EDGEUSDTM	+0.0100%	4h	0.5918	−0.152%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5917	−0.169%	$4.7M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5914	−0.220%	$187K	$144K	—	as long as short
GRVT EDGE_USDT_Perplong	+0.0100%	4h	0.5927	long leg	$11K	$2.7M	10x
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5927	0.000%	$9K	$303K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5888	−0.658%	$4K	$631K	10x	as long as short
Aster EDGEUSDT	+0.0378%	4h	0.5922	−0.091%	$52K	$155K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EDGE_USDT	+0.0470%	4h	0.5918	−0.152%	$1.0M	$813K	50x	as long as short
Binance EDGEUSDT	+0.0471%	4h	0.5920	−0.118%	$10.1M	$10.5M	50x	as long as short
Extended EDGE-USD	+0.0472%	1h	0.5917	−0.170%	$27K	$86K	5x	as long as short
OKX EDGE-USDT-SWAP	+0.0482%	4h	0.5922	−0.084%	$3.7M	$5.8M	20x	as long as short
BloFin EDGE-USDT	+0.0500%	4h	0.5929	+0.034%	$656K	$103K	50x	as long as short
edgeX EDGEUSDC	+0.0516%	4h	0.5937	+0.169%	$14.2M	$3.7M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0581%	4h	0.5919	−0.135%	$3K	$1K	10x	as long as short