Funding arb · Price arb /

GRVT

all GRVT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h +0.108%

Price spread now: Extended against Bybit−0.117%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$541as in the Funding arb table

Net, price: spread back to 7d avg − costs−$621as in the Price arb table

costs, in and out, $10k−$6156.149% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.742%+$74 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.117%, 7d avg −0.060%

Together, before fees+0.778%+ Points / potential airdropExtended: Active · farm board+$78 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.057% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.060%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.742%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRVTUSDT	0.1875	0.0259	pay 0.0129% / 4h	52m 50s	$2.8M	$760K	20x
Short	Extended GRVT-USD	0.1873	0.0240	get 0.0030% / 1h	52m 50s	$100K	$319K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.117%Rate

Funding earned: −$3.94
Price spread: −0.117% → −0.060%: −$5.7
Slippage, 4 orders: −$598.91
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$624.54
Costs to cover: 6.149%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Extended: live order book, 50 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 Bybit live order book, 4 min ago	3.46 bp	345.5 bp −$345	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 50 min ago	5.03 bp	46.0 bp −$46	317.3 bp −$3,173	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
BloFin GRVT-USDT	+0.0068%	4h	0.1874	−0.027%	$238K	$35K	20x	as long as short
OKX GRVT-USDT-SWAP	+0.0100%	4h	0.1873	−0.112%	$2.0M	$2.0M	20x	as long as short
Gate GRVT_USDT	+0.0100%	4h	0.1874	−0.043%	$326K	$98K	20x	as long as short
MEXC GRVT_USDT	+0.0100%	4h	0.1873	−0.112%	$3.5M	$130K	20x	as long as short
KuCoin GRVTUSDTM	+0.0100%	4h	0.1873	−0.085%	$191K	$772K	20x	as long as short
Variational Omni GRVT	+0.0100%	4h	0.1874	−0.018%	$262K	$16K	—	as long as short
edgeX GRVTUSDC	+0.0100%	4h	0.1876	+0.041%	$10K	$280K	10x	as long as short
Extended GRVT-USDshort	+0.0240%	1h	0.1873	−0.117%	$100K	$319K	5x
Binance GRVTUSDT	+0.0244%	4h	0.1873	−0.096%	$5.1M	$2.7M	25x	as long as short
Bybit GRVTUSDTlong	+0.0259%	4h	0.1875	long leg	$2.8M	$760K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRVTUSDT	+0.0272%	4h	0.1874	−0.059%	$658K	$839K	20x	as long as short
BingX GRVT-USDT	+0.0284%	4h	0.1873	−0.096%	—	$1.6M	—	as long as short
Aster GRVTUSDT	+0.0304%	4h	0.1873	−0.089%	$23K	$25K	5x	as long as short
GRVT GRVT_USDT_Perp	+0.1366%	4h	0.1875	+0.036%	$279K	$160K	10x	as long as short