Funding arb · Price arb /

GIGGLE

all GIGGLE markets

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 −0.020%

Price spread now: GRVT against Bybit−0.206%80s7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as 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−$1211.214% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 3 days (all we have)+0.462%+$46 · spread now −0.206%, 7d avg −0.030%

Together, before fees+0.442%+ Points / potential airdropGRVT: Active · farm board+$44 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 0.176% cheaper against Bybit than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.030%. 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	Bybit GIGGLEUSDT	38.750	0.0100	pay 0.0050% / 4h	3h 16m	$1.6M	$1.7M	25x
Short	GRVT GIGGLE_USDT_Perp	38.670	0.0100	get 0.0050% / 4h	3h 16m	$204K	$563K	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 −0.206%Rate

Funding earned: $0
Price spread: −0.206% → −0.030%: −$17.61
Slippage, 4 orders: −$101.36
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$138.97
Costs to cover: 1.214%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; GRVT: live order book, 57 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 Bybit live order book, 5 min ago	1.29 bp	33.8 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 57 min ago	3.92 bp	22.0 bp −$22	34.7 bp −$347	doesn't fit	doesn't fit

GIGGLE on 14 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 GIGGLE-USDT	+0.0051%	4h	38.640	−0.284%	$477K	$33K	50x	as long as short
Binance GIGGLEUSDT	+0.0100%	4h	38.710	−0.103%	$10.9M	$13.5M	50x	as long as short
Bybit GIGGLEUSDTlong	+0.0100%	4h	38.750	long leg	$1.6M	$1.7M	25x
OKX GIGGLE-USDT-SWAP	+0.0100%	4h	38.740	−0.026%	$1.2M	$4.1M	50x	as long as short
Gate GIGGLE_USDT	+0.0100%	4h	38.680	−0.181%	$385K	$545K	50x	as long as short
KuCoin GIGGLEUSDTM	+0.0100%	4h	38.690	−0.155%	$2.1M	$4.2M	50x	as long as short
Bitget GIGGLEUSDT	+0.0100%	4h	38.740	−0.026%	$1.7M	$486K	25x	as long as short
Variational Omni GIGGLE	+0.0100%	4h	38.724	−0.067%	$27K	$4K	—	as long as short
GRVT GIGGLE_USDT_Perpshort	+0.0100%	4h	38.670	−0.206%	$204K	$563K	10x
SunX GIGGLE-USDT	+0.0100%	4h	38.680	−0.181%	$1K	$1.3M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GIGGLE-USD	+0.0104%	1h	38.704	−0.119%	$1K	$172K	5x	as long as short
Aster GIGGLEUSDT	+0.0196%	4h	38.682	−0.175%	$51K	$121K	5x	as long as short
MEXC GIGGLE_USDT	+0.0214%	4h	38.700	−0.129%	$1.4M	$628K	50x	as long as short
BingX GIGGLE-USDT	+0.0214%	4h	38.740	−0.026%	—	$6.7M	—	as long as short