Funding arb · Price arb /

GRVT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0652%/8h= −71.4% APRpaid last 24h −0.103%

Price spread now: Variational Omni against Extended+0.118%7-day average +0.060% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.289%−$29 on $10k

Price spread, last 3 days (all we have)−0.119%−$12 · spread now +0.118%, 7d avg +0.060%

Together, before fees−0.407%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.058% dearer against Extended than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of +0.060%): +$6 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 3 days (−0.289% in total) that is about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GRVT-USD	0.1905	0.0752	pay 0.0094% / 1h	55m 03s	$102K	$427K	5x
Short	Variational Omni GRVT	0.1908	0.0100	get 0.0050% / 4h	2h 55m	$268K	$17K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.118%Rate

Funding earned: −$136.92
Price spread: +0.118% → +0.060%: $5.79
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$136.13
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: live order book, 12 min ago; Variational Omni: RFQ quote, 14 min ago. Net counts fees only.

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 Extended live order book, 12 min ago	4.66 bp	35.2 bp −$35	270.4 bp −$2,704	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 14 min ago	10.36 bp	doesn't fit	1849.7 bp −$18.5K	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	0.1907	+0.100%	$2.8M	$785K	20x	as long as short
OKX GRVT-USDT-SWAP	+0.0100%	4h	0.1908	+0.127%	$2.0M	$1.8M	20x	as long as short
Gate GRVT_USDT	+0.0100%	4h	0.1909	+0.184%	$338K	$55K	20x	as long as short
MEXC GRVT_USDT	+0.0100%	4h	0.1907	+0.079%	$3.6M	$131K	20x	as long as short
Variational Omni GRVTshort	+0.0100%	4h	0.1908	+0.118%	$268K	$17K	—
edgeX GRVTUSDC	+0.0100%	4h	0.1912	+0.334%	$11K	$282K	10x	as long as short
GRVT GRVT_USDT_Perp	+0.0100%	4h	0.1911	+0.289%	$295K	$203K	10x	as long as short
BloFin GRVT-USDT	+0.0110%	4h	0.1909	+0.174%	$239K	$65K	20x	as long as short
Bitget GRVTUSDT	+0.0256%	4h	0.1908	+0.153%	$685K	$569K	20x	as long as short
KuCoin GRVTUSDTM	+0.0486%	4h	0.1908	+0.111%	$232K	$720K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance GRVTUSDT	+0.0750%	4h	0.1906	+0.027%	$5.2M	$2.8M	25x	as long as short
Extended GRVT-USDlong	+0.0752%	1h	0.1905	long leg	$102K	$427K	5x
BingX GRVT-USDT	+0.0770%	4h	0.1904	−0.078%	—	$1.6M	—	as long as short
Aster GRVTUSDT	+0.0877%	4h	0.1910	+0.237%	$23K	$33K	5x	as long as short