Funding arb · Price arb /

GRVT

all GRVT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0066%/8h= +7.2% APRpaid last 24h −0.007%

Price spread now: Extended against BingX0.000%7-day average −0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1371.369% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.307%−$31 · spread now 0.000%, 7d avg −0.085%

Together, before fees−0.314%+ Points / potential airdropExtended: Active · farm board−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.085% dearer against BingX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX GRVT-USDT	0.1922	0.1126	pay 0.0563% / 4h	1h 51m	—	$1.6M	—
Short	Extended GRVT-USD	0.1922	0.1192	get 0.0149% / 1h	51m 27s	$103K	$387K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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 BingXbpFee ExtendedbpOrdersPrice spread, now 0.000%Rate

Funding earned: $13.86
Price spread: 0.000% → −0.085%: $8.49
Slippage, 4 orders: −$121.94
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$114.59
Costs to cover: 1.369%
Break-even: 64.9 days

Slippage from BingX: live order book, 10 min ago; Extended: live order book, 31 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 BingX live order book, 10 min ago	7.82 bp	28.2 bp −$28	100.2 bp −$1,002	doesn't fit	doesn't fit
Sell Extended live order book, 31 min ago	5.99 bp	41.3 bp −$41	282.4 bp −$2,824	doesn't fit	doesn't fit

GRVT 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
Bybit GRVTUSDT	+0.0100%	4h	0.1924	+0.125%	$2.8M	$811K	20x	as long as short
OKX GRVT-USDT-SWAP	+0.0100%	4h	0.1923	+0.057%	$2.0M	$1.8M	20x	as long as short
MEXC GRVT_USDT	+0.0100%	4h	0.1922	+0.010%	$3.6M	$128K	20x	as long as short
Bitget GRVTUSDT	+0.0100%	4h	0.1923	+0.026%	$607K	$406K	20x	as long as short
Variational Omni GRVT	+0.0100%	4h	0.1925	+0.171%	$270K	$18K	—	as long as short
edgeX GRVTUSDC	+0.0100%	4h	0.1922	−0.006%	$12K	$281K	10x	as long as short
BloFin GRVT-USDT	+0.0137%	4h	0.1923	+0.031%	$241K	$72K	20x	as long as short
Gate GRVT_USDT	+0.0154%	4h	0.1916	−0.312%	$342K	$54K	20x	as long as short
KuCoin GRVTUSDTM	+0.0852%	4h	0.1918	−0.187%	$287K	$601K	20x	as long as short
GRVT GRVT_USDT_Perp	+0.1086%	4h	0.1924	+0.102%	$303K	$202K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRVT-USDTlong	+0.1126%	4h	0.1922	long leg	—	$1.6M	—
Aster GRVTUSDT	+0.1170%	4h	0.1918	−0.208%	$24K	$30K	5x	as long as short
Extended GRVT-USDshort	+0.1192%	1h	0.1922	0.000%	$103K	$387K	5x
Binance GRVTUSDT	+0.1196%	4h	0.1923	+0.026%	$5.3M	$2.7M	25x	as long as short