Funding arb · Price arb /

GRVT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.050%

Price spread now: Bybit against edgeX+0.057%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$878as in the Funding arb table

Net, price: spread back to 7d avg − costs−$859as in the Price arb table

costs, in and out, $10k−$8638.626% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 3 days (all we have)+0.104%+$10 · spread now +0.057%, 7d avg +0.016%

Together, before fees−0.045%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.041% dearer against edgeX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX GRVTUSDC	0.1924	0.0100	pay 0.0050% / 4h	1h 54m	$12K	$280K	10x
Short	Bybit GRVTUSDT	0.1925	0.0100	get 0.0050% / 4h	1h 54m	$2.8M	$805K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.016%: $4.06
Slippage, 4 orders: −$842.6
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$858.54
Costs to cover: 8.626%
Break-even: never at this rate

Slippage from edgeX: live order book, 28 min ago; Bybit: live order book, 2 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 edgeX live order book, 28 min ago	5.21 bp	124.3 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.38 bp	223.4 bp −$223	doesn't fit	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	+0.0053%	4h	0.1924	+0.010%	$241K	$72K	20x	as long as short
Bybit GRVTUSDTshort	+0.0100%	4h	0.1925	+0.057%	$2.8M	$805K	20x
OKX GRVT-USDT-SWAP	+0.0100%	4h	0.1922	−0.114%	$2.0M	$1.8M	20x	as long as short
MEXC GRVT_USDT	+0.0100%	4h	0.1923	−0.047%	$3.6M	$128K	20x	as long as short
Bitget GRVTUSDT	+0.0100%	4h	0.1924	0.000%	$607K	$406K	20x	as long as short
Variational Omni GRVT	+0.0100%	4h	0.1925	+0.077%	$270K	$18K	—	as long as short
edgeX GRVTUSDClong	+0.0100%	4h	0.1924	long leg	$12K	$280K	10x
Gate GRVT_USDT	+0.0162%	4h	0.1916	−0.406%	$342K	$54K	20x	as long as short
KuCoin GRVTUSDTM	+0.0856%	4h	0.1918	−0.281%	$315K	$593K	20x	as long as short
GRVT GRVT_USDT_Perp	+0.1088%	4h	0.1925	+0.064%	$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-USDT	+0.1112%	4h	0.1923	−0.042%	—	$1.6M	—	as long as short
Aster GRVTUSDT	+0.1166%	4h	0.1918	−0.294%	$24K	$30K	5x	as long as short
Extended GRVT-USD	+0.1184%	1h	0.1923	−0.058%	$103K	$387K	5x	as long as short
Binance GRVTUSDT	+0.1186%	4h	0.1923	−0.042%	$5.3M	$2.7M	25x	as long as short