Funding arb · Price arb /

GRVT

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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 −0.027%

Price spread now: Gate against MEXC−0.100%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2,106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,125as in the Price arb table

costs, in and out, $10k−$2,12121.214% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.155%+$16 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.100%, 7d avg −0.061%

Together, before fees+0.273%+$27 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: Gate is 0.039% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GRVT_USDT	0.1905	0.0100	pay 0.0050% / 4h	2h 53m	$3.6M	$131K	20x
Short	Gate GRVT_USDT	0.1903	0.0100	get 0.0050% / 4h	2h 53m	$337K	$55K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.100%Rate

Funding earned: $0
Price spread: −0.100% → −0.061%: −$3.91
Slippage, 4 orders: −$2,098.41
Fee MEXC: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$2,125.31
Costs to cover: 21.214%
Break-even: never at this rate

Slippage from MEXC: live order book, 9 min ago; Gate: live order book, 12 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, 9 min ago	0.26 bp	11.6 bp −$12	70.3 bp −$703	170.4 bp −$17.0K	709.5 bp −$354.8K
Sell Gate live order book, 12 min ago	5.19 bp	333.2 bp −$333	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
Bybit GRVTUSDT	+0.0100%	4h	0.1904	−0.047%	$2.8M	$787K	20x	as long as short
OKX GRVT-USDT-SWAP	+0.0100%	4h	0.1905	+0.031%	$2.0M	$1.8M	20x	as long as short
Gate GRVT_USDTshort	+0.0100%	4h	0.1903	−0.100%	$337K	$55K	20x
MEXC GRVT_USDTlong	+0.0100%	4h	0.1905	long leg	$3.6M	$131K	20x
Variational Omni GRVT	+0.0100%	4h	0.1908	+0.149%	$268K	$17K	—	as long as short
edgeX GRVTUSDC	+0.0100%	4h	0.1912	+0.365%	$11K	$282K	10x	as long as short
GRVT GRVT_USDT_Perp	+0.0100%	4h	0.1907	+0.110%	$294K	$203K	10x	as long as short
BloFin GRVT-USDT	+0.0110%	4h	0.1909	+0.205%	$239K	$65K	20x	as long as short
Bitget GRVTUSDT	+0.0246%	4h	0.1907	+0.100%	$684K	$571K	20x	as long as short
KuCoin GRVTUSDTM	+0.0446%	4h	0.1903	−0.115%	$231K	$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	+0.0688%	4h	0.1905	+0.005%	$5.2M	$2.8M	25x	as long as short
Extended GRVT-USD	+0.0712%	1h	0.1905	−0.018%	$101K	$428K	5x	as long as short
BingX GRVT-USDT	+0.0770%	4h	0.1903	−0.100%	—	$1.6M	—	as long as short
Aster GRVTUSDT	+0.0813%	4h	0.1903	−0.100%	$23K	$33K	5x	as long as short