Funding arb · Price arb /

GRT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0101%/8h= −11.0% APRpaid last 24h −0.030%

Price spread now: gTrade (Gains Network) against Bybit+0.151%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.151% dearer against Bybit than usual: you sell high and buy low (spread +0.151% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRTUSDT	0.02322	0.0100	pay 0.0100% / 8h	2h 18m	$2.8M	$2.1M	75x
Short	gTrade (Gains Network) GRT/USD	0.02326	L +0.0024% / S +0.0001%	pay 0.0000% / 1h	18m 17s	$636	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.151%Rate

Funding earned: −$21.12
Price spread: +0.151% → 0.000%: $15.12
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$27
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; gTrade (Gains Network): no order-book sample. 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 Bybit live order book, 4 min ago	4.32 bp	23.0 bp −$23	50.7 bp −$507	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GRT on 13 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
Variational Omni GRT	−0.0118%	8h	0.02319	−0.147%	$113K	$100K	—	as long as short
gTrade (Gains Network) GRT/USDshort	L +0.0024% / S +0.0001%	1h	0.02326	+0.151%	$636	—	150x
Injective GRT/USDC PERP	+0.0033%	1h	0.02217	−4.522%	—	$8K	5.5x	as long as short
Kraken Futures PF_GRTUSD	+0.0042%	1h	0.02329	+0.297%	$280K	$64K	20x	as long as short
Binance GRTUSDT	+0.0100%	8h	0.02325	+0.129%	$3.5M	$8.2M	75x	as long as short
Bybit GRTUSDTlong	+0.0100%	8h	0.02322	long leg	$2.8M	$2.1M	75x
OKX GRT-USDT-SWAP	+0.0100%	8h	0.02326	+0.172%	$632K	$746K	20x	as long as short
Gate GRT_USDT	+0.0100%	8h	0.02326	+0.172%	$444K	$415K	50x	as long as short
MEXC GRT_USDT	+0.0100%	8h	0.02326	+0.172%	$1.9M	$1.1M	200x	as long as short
KuCoin GRTUSDTM	+0.0100%	8h	0.02325	+0.129%	$1.1M	$685K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRTUSDT	+0.0100%	8h	0.02322	0.000%	$2.4M	$658K	75x	as long as short
BingX GRT-USDT	+0.0100%	8h	0.02326	+0.172%	—	$2.5M	—	as long as short
BloFin GRT-USDT	+0.0107%	8h	0.02324	+0.086%	$172K	$222K	75x	as long as short