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: Bybit against GRVT+0.227%80s7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as 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−$1241.243% of the position

Long on GRVT Short on Bybit

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)−0.482%−$48 · spread now +0.227%, 7d avg +0.030%

Together, before fees−0.462%+ Points / potential airdropGRVT: Active · farm board−$46 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 0.196% dearer against GRVT than usual: you sell high and buy low, +$20 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	GRVT GIGGLE_USDT_Perp	38.593	0.0100	pay 0.0050% / 4h	3h 42m	$204K	$563K	10x
Short	Bybit GIGGLEUSDT	38.680	0.0100	get 0.0050% / 4h	3h 42m	$1.6M	$1.7M	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

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 BybitbpOrdersPrice spread, now +0.227%Rate

Funding earned: $0
Price spread: +0.227% → +0.030%: $19.63
Slippage, 4 orders: −$104.3
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$104.67
Costs to cover: 1.243%
Break-even: never at this rate

Slippage from GRVT: live order book, 31 min ago; Bybit: live order book, 4 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 GRVT live order book, 31 min ago	3.92 bp	34.7 bp −$35	135.7 bp −$1,357	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.30 bp	31.8 bp −$32	427.5 bp −$4,275	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
Binance GIGGLEUSDT	+0.0100%	4h	38.650	+0.149%	$10.9M	$13.6M	50x	as long as short
Bybit GIGGLEUSDTshort	+0.0100%	4h	38.680	+0.227%	$1.6M	$1.7M	25x
OKX GIGGLE-USDT-SWAP	+0.0100%	4h	38.680	+0.227%	$1.2M	$4.1M	50x	as long as short
Gate GIGGLE_USDT	+0.0100%	4h	38.650	+0.149%	$386K	$541K	50x	as long as short
KuCoin GIGGLEUSDTM	+0.0100%	4h	38.620	+0.071%	$2.1M	$4.2M	50x	as long as short
Bitget GIGGLEUSDT	+0.0100%	4h	38.660	+0.175%	$1.7M	$500K	25x	as long as short
Variational Omni GIGGLE	+0.0100%	4h	38.594	+0.004%	$27K	$4K	—	as long as short
GRVT GIGGLE_USDT_Perplong	+0.0100%	4h	38.593	long leg	$204K	$563K	10x
SunX GIGGLE-USDT	+0.0100%	4h	38.660	+0.175%	$2K	$1.3M	20x	as long as short
Extended GIGGLE-USD	+0.0104%	1h	38.652	+0.154%	$3K	$178K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin GIGGLE-USDT	+0.0108%	4h	38.620	+0.071%	$474K	$32K	50x	as long as short
MEXC GIGGLE_USDT	+0.0214%	4h	38.640	+0.123%	$1.5M	$614K	50x	as long as short
BingX GIGGLE-USDT	+0.0214%	4h	38.670	+0.201%	—	$6.7M	—	as long as short
Aster GIGGLEUSDT	+0.0250%	4h	38.670	+0.201%	$51K	$114K	5x	as long as short