Funding arb · Price arb /

GRT

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: gTrade (Gains Network) against OKX+0.450%53s7-day average — · you sell dearer than you buy

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

Long on OKX 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 0.450% dearer against OKX than usual: you sell high and buy low (spread +0.450% now, against zero (this spread has no 7-day history yet)): +$45 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 15 days. The two prices were read 53 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	OKX GRT-USDT-SWAP	0.02349	0.0100	pay 0.0100% / 8h	7h 59m	$626K	$891K	20x
Short	gTrade (Gains Network) GRT/USD	0.02360	L +0.0024% / S +0.0001%	pay 0.0000% / 1h	59m 32s	$645	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against OKX. 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 OKXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.450%Rate

Funding earned: −$21.12
Price spread: +0.450% → 0.000%: $45.04
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $3.93
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: OKX: live order book, 12 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 OKX live order book, 12 min ago	6.39 bp	41.1 bp −$41	8238.3 bp −$82.4K	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	−0.0122%	8h	0.02352	+0.114%	$112K	$85K	—	as long as short
gTrade (Gains Network) GRT/USDshort	L +0.0024% / S +0.0001%	1h	0.02360	+0.450%	$645	—	150x
Injective GRT/USDC PERP	+0.0033%	1h	0.02217	−5.619%	—	$8K	5.5x	as long as short
Bitget GRTUSDT	+0.0089%	8h	0.02353	+0.170%	$2.4M	$777K	75x	as long as short
BloFin GRT-USDT	+0.0097%	8h	0.02355	+0.255%	$176K	$234K	75x	as long as short
Binance GRTUSDT	+0.0100%	8h	0.02357	+0.337%	$3.6M	$8.9M	75x	as long as short
Bybit GRTUSDT	+0.0100%	8h	0.02354	+0.213%	$2.9M	$2.4M	75x	as long as short
OKX GRT-USDT-SWAPlong	+0.0100%	8h	0.02349	long leg	$626K	$891K	20x
Gate GRT_USDT	+0.0100%	8h	0.02356	+0.298%	$461K	$426K	50x	as long as short
MEXC GRT_USDT	+0.0100%	8h	0.02359	+0.426%	$1.9M	$1.1M	200x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GRTUSDTM	+0.0100%	8h	0.02355	+0.255%	$1.1M	$626K	50x	as long as short
BingX GRT-USDT	+0.0100%	8h	0.02356	+0.298%	—	$2.4M	—	as long as short
Kraken Futures PF_GRTUSD	+0.1058%	1h	0.02360	+0.470%	$289K	$65K	20x	as long as short