Funding arb · Price arb /

GRVT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.060%

Price spread now: Extended against MEXC−0.053%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$940.939% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.583%+$58 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now −0.053%, 7d avg −0.028%

Together, before fees+0.502%+ Points / potential airdropExtended: Active · farm board+$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.025% cheaper against MEXC than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of −0.028%). If the spread goes back, that is −$3 on $10k: about 2.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.583% in total) that is about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GRVT_USDT	0.1890	0.0426	pay 0.0213% / 4h	2h 22m	$3.6M	$129K	20x
Short	Extended GRVT-USD	0.1888	0.0456	get 0.0057% / 1h	22m 30s	$101K	$324K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. 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 MEXCbpFee ExtendedbpOrdersPrice spread, now −0.053%Rate

Funding earned: $6.3
Price spread: −0.053% → −0.028%: −$2.52
Slippage, 4 orders: −$80.87
Fee MEXC: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$90.09
Costs to cover: 0.939%
Break-even: 107.1 days

Slippage from MEXC: live order book, 5 min ago; Extended: live order book, 25 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 MEXC live order book, 5 min ago	0.26 bp	10.6 bp −$11	61.0 bp −$610	175.4 bp −$17.5K	711.0 bp −$355.5K
Sell Extended live order book, 25 min ago	4.77 bp	34.3 bp −$34	270.1 bp −$2,701	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
Gate GRVT_USDT	+0.0100%	4h	0.1887	−0.132%	$331K	$96K	20x	as long as short
Variational Omni GRVT	+0.0100%	4h	0.1887	−0.125%	$264K	$16K	—	as long as short
KuCoin GRVTUSDTM	+0.0232%	4h	0.1889	−0.037%	$202K	$764K	20x	as long as short
Bybit GRVTUSDT	+0.0273%	4h	0.1890	+0.016%	$2.8M	$771K	20x	as long as short
GRVT GRVT_USDT_Perp	+0.0276%	4h	0.1890	+0.024%	$286K	$149K	10x	as long as short
Bitget GRVTUSDT	+0.0418%	4h	0.1888	−0.069%	$667K	$849K	20x	as long as short
MEXC GRVT_USDTlong	+0.0426%	4h	0.1890	long leg	$3.6M	$129K	20x
OKX GRVT-USDT-SWAP	+0.0427%	4h	0.1890	+0.042%	$2.0M	$2.1M	20x	as long as short
edgeX GRVTUSDC	+0.0450%	4h	0.1886	−0.190%	$10K	$280K	10x	as long as short
BingX GRVT-USDT	+0.0455%	4h	0.1889	−0.026%	—	$1.6M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRVT-USDshort	+0.0456%	1h	0.1888	−0.053%	$101K	$324K	5x
Binance GRVTUSDT	+0.0461%	4h	0.1889	−0.026%	$5.1M	$2.9M	25x	as long as short
BloFin GRVT-USDT	+0.0489%	4h	0.1891	+0.074%	$239K	$53K	20x	as long as short
Aster GRVTUSDT	+0.0663%	4h	0.1890	+0.007%	$23K	$29K	5x	as long as short