GRVT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.1615%/8h= −176.8% APRnext payment −$8.07 per $10,000 · paid last 24h +0.020%

Price spread now: MEXC against Bybit−0.128%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1211.209% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.128%, 7d avg −0.045%

Together, before fees+0.173%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$48 a day on $10k at the current rate, and MEXC is 0.083% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.045%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.144%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.144% in total (about 7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.07 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRVTUSDT	0.1880	0.1715	pay 0.0857% / 4h	3h 22m	$2.7M	$761K	20x
Short	MEXC GRVT_USDT	0.1878	0.0100	get 0.0050% / 4h	3h 22m	$3.5M	$130K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.128%Rate

Funding earned: −$339.06
Price spread: −0.128% → −0.045%: −$8.28
Slippage, 4 orders: −$101.86
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$468.2
Costs to cover: 1.209%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; MEXC: live order book, 9 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	43.1 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 9 min ago	3.21 bp	15.8 bp −$16	75.0 bp −$750	199.7 bp −$20.0K	555.0 bp −$277.5K

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
OKX GRVT-USDT-SWAP	+0.0100%	4h	0.1880	+0.005%	$2.0M	$2.0M	20x	as long as short
Gate GRVT_USDT	+0.0100%	4h	0.1873	−0.372%	$325K	$99K	20x	as long as short
MEXC GRVT_USDTshort	+0.0100%	4h	0.1878	−0.128%	$3.5M	$130K	20x
KuCoin GRVTUSDTM	+0.0100%	4h	0.1877	−0.181%	$190K	$781K	20x	as long as short
Variational Omni GRVT	+0.0100%	4h	0.1877	−0.174%	$262K	$15K	—	as long as short
edgeX GRVTUSDC	+0.0100%	4h	0.1875	−0.264%	$10K	$280K	10x	as long as short
BloFin GRVT-USDT	+0.0112%	4h	0.1878	−0.106%	$239K	$37K	20x	as long as short
GRVT GRVT_USDT_Perp	+0.0216%	4h	0.1876	−0.198%	$288K	$177K	10x	as long as short
Extended GRVT-USD	+0.0248%	1h	0.1880	+0.019%	$100K	$465K	5x	as long as short
Binance GRVTUSDT	+0.0271%	4h	0.1880	0.000%	$5.1M	$2.6M	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRVTUSDT	+0.0284%	4h	0.1874	−0.319%	$672K	$842K	20x	as long as short
Aster GRVTUSDT	+0.0394%	4h	0.1877	−0.160%	$23K	$24K	5x	as long as short
BingX GRVT-USDT	+0.1443%	4h	0.1882	+0.106%	—	$1.7M	—	as long as short
Bybit GRVTUSDTlong	+0.1715%	4h	0.1880	long leg	$2.7M	$761K	20x