Funding arb · Price arb /

GRVT

all GRVT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.047%

Price spread now: Bybit against KuCoin+0.047%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,087as in the Price arb table

costs, in and out, $10k−$1,08410.837% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.199%−$20 on $10k

Price spread, last 7 days+0.042%+$4 · spread now +0.047%, 7d avg +0.078%

Together, before fees−0.156%−$16 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 0.031% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GRVTUSDTM	0.1905	0.0100	pay 0.0050% / 4h	2h 27m	$231K	$757K	20x
Short	Bybit GRVTUSDT	0.1906	0.0100	get 0.0050% / 4h	2h 27m	$2.8M	$784K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.078%: −$3.08
Slippage, 4 orders: −$1,060.73
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,086.81
Costs to cover: 10.837%
Break-even: never at this rate

Slippage from KuCoin: live order book, 12 min ago; Bybit: live order book, 5 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 KuCoin live order book, 12 min ago	6.59 bp	243.8 bp −$244	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	8.14 bp	289.9 bp −$290	doesn't fit	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	0.000%	$336K	$56K	20x	as long as short
Bybit GRVTUSDTshort	+0.0100%	4h	0.1906	+0.047%	$2.8M	$784K	20x
OKX GRVT-USDT-SWAP	+0.0100%	4h	0.1908	+0.173%	$2.0M	$1.9M	20x	as long as short
MEXC GRVT_USDT	+0.0100%	4h	0.1906	+0.079%	$3.6M	$134K	20x	as long as short
KuCoin GRVTUSDTMlong	+0.0100%	4h	0.1905	long leg	$231K	$757K	20x
Variational Omni GRVT	+0.0100%	4h	0.1903	−0.084%	$267K	$17K	—	as long as short
edgeX GRVTUSDC	+0.0100%	4h	0.1905	+0.005%	$10K	$281K	10x	as long as short
GRVT GRVT_USDT_Perp	+0.0100%	4h	0.1903	−0.109%	$293K	$203K	10x	as long as short
Bitget GRVTUSDT	+0.0206%	4h	0.1909	+0.194%	$674K	$641K	20x	as long as short
Binance GRVTUSDT	+0.0303%	4h	0.1907	+0.101%	$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-USD	+0.0304%	1h	0.1906	+0.075%	$101K	$426K	5x	as long as short
BingX GRVT-USDT	+0.0336%	4h	0.1906	+0.052%	—	$1.6M	—	as long as short
Aster GRVTUSDT	+0.0365%	4h	0.1906	+0.043%	$23K	$31K	5x	as long as short