Funding arb · Price arb /

GRVT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.056%

Price spread now: Extended against edgeX+0.396%93s7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$264as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3233.230% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.590%+$59 on $10k

Price spread, last 4 days (all we have)−0.368%−$37 · spread now +0.396%, 7d avg −0.040%

Together, before fees+0.222%+ Points / potential airdropedgeX: Active · Extended: Active · farm board+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Extended is 0.436% dearer against edgeX than usual: you sell high and buy low: +$44 more if the spread goes back to its 7-day average of −0.040%. The two prices were read 93 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	edgeX GRVTUSDC	0.1898	0.0100	pay 0.0050% / 4h	2h 29m	$10K	$284K	10x
Short	Extended GRVT-USD	0.1905	0.0336	get 0.0042% / 1h	29m 57s	$101K	$426K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.396%Rate

Funding earned: $49.56
Price spread: +0.396% → −0.040%: $43.61
Slippage, 4 orders: −$309.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$229.85
Costs to cover: 3.230%
Break-even: 39.5 days

Slippage from edgeX: live order book, 38 min ago; Extended: live order book, 38 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, 38 min ago	10.35 bp	123.7 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 38 min ago	4.66 bp	34.9 bp −$35	273.2 bp −$2,732	doesn't fit	doesn't fit

GRVT 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
Gate GRVT_USDT	−0.0190%	4h	0.1905	+0.370%	$336K	$56K	20x	as long as short
Bybit GRVTUSDT	+0.0100%	4h	0.1907	+0.481%	$2.8M	$784K	20x	as long as short
OKX GRVT-USDT-SWAP	+0.0100%	4h	0.1908	+0.502%	$2.0M	$1.9M	20x	as long as short
MEXC GRVT_USDT	+0.0100%	4h	0.1907	+0.470%	$3.6M	$134K	20x	as long as short
Variational Omni GRVT	+0.0100%	4h	0.1903	+0.286%	$267K	$17K	—	as long as short
edgeX GRVTUSDClong	+0.0100%	4h	0.1898	long leg	$10K	$284K	10x
GRVT GRVT_USDT_Perp	+0.0100%	4h	0.1898	+0.002%	$293K	$203K	10x	as long as short
KuCoin GRVTUSDTM	+0.0116%	4h	0.1905	+0.397%	$233K	$755K	20x	as long as short
Bitget GRVTUSDT	+0.0204%	4h	0.1908	+0.502%	$673K	$640K	20x	as long as short
Binance GRVTUSDT	+0.0335%	4h	0.1906	+0.423%	$5.2M	$2.8M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRVT-USDshort	+0.0336%	1h	0.1905	+0.396%	$101K	$426K	5x
BingX GRVT-USDT	+0.0398%	4h	0.1907	+0.476%	—	$1.6M	—	as long as short
Aster GRVTUSDT	+0.0410%	4h	0.1906	+0.430%	$23K	$31K	5x	as long as short