Funding arb · Price arb /

GRT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BloFin against Binance+0.045%101s7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as 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−$750.752% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.045%, 7d avg −0.026%

Together, before fees−0.012%−$1 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: BloFin is 0.071% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.026%. The two prices were read 101 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	Binance GRTUSDT	0.02356	0.0100	pay 0.0100% / 8h	6h 21m	$3.6M	$7.5M	75x
Short	BloFin GRT-USDT	0.02357	0.0100	get 0.0100% / 8h	6h 21m	$173K	$113K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0.1
Price spread: +0.045% → −0.026%: $7.11
Slippage, 4 orders: −$53.19
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$67.98
Costs to cover: 0.752%
Break-even: 4689.5 days

Slippage from Binance: live order book, 11 min ago; BloFin: live order book, 23 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 Binance live order book, 11 min ago	2.12 bp	20.9 bp −$21	73.8 bp −$738	doesn't fit	doesn't fit
Sell BloFin live order book, 23 min ago	2.12 bp	28.4 bp −$28	43.8 bp −$438	252.3 bp −$25.2K	doesn't fit

GRT on 13 exchanges

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
Variational Omni GRT	−0.0037%	8h	0.02352	−0.188%	$89K	$125K	—	as long as short
gTrade (Gains Network) GRT/USD	L +0.0024% / S +0.0001%	1h	0.02358	+0.073%	$644	—	150x	as long as short
Injective GRT/USDC PERP	+0.0033%	1h	0.02217	−5.897%	—	$8K	5.5x	as long as short
Binance GRTUSDTlong	+0.0100%	8h	0.02356	long leg	$3.6M	$7.5M	75x
Bybit GRTUSDT	+0.0100%	8h	0.02352	−0.167%	$2.9M	$2.1M	75x	as long as short
OKX GRT-USDT-SWAP	+0.0100%	8h	0.02353	−0.125%	$636K	$689K	20x	as long as short
Gate GRT_USDT	+0.0100%	8h	0.02356	+0.003%	$445K	$345K	50x	as long as short
MEXC GRT_USDT	+0.0100%	8h	0.02358	+0.087%	$1.7M	$1.0M	200x	as long as short
KuCoin GRTUSDTM	+0.0100%	8h	0.02354	−0.082%	$1.0M	$672K	50x	as long as short
Bitget GRTUSDT	+0.0100%	8h	0.02358	+0.087%	$2.4M	$603K	75x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRT-USDT	+0.0100%	8h	0.02354	−0.082%	—	$2.5M	—	as long as short
BloFin GRT-USDTshort	+0.0100%	8h	0.02357	+0.045%	$173K	$113K	75x
Kraken Futures PF_GRTUSD	+0.0143%	1h	0.02358	+0.072%	$277K	$65K	20x	as long as short