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 −0.049%

Price spread now: Bybit against OKX+0.073%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$729as in the Funding arb table

Net, price: spread back to 7d avg − costs−$712as in the Price arb table

costs, in and out, $10k−$7157.146% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 7 days+0.053%+$5 · spread now +0.073%, 7d avg +0.051%

Together, before fees−0.095%−$9 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 0.022% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRVT-USDT-SWAP	0.1921	0.0100	pay 0.0050% / 4h	3h 40m	$2.0M	$1.8M	20x
Short	Bybit GRVTUSDT	0.1923	0.0100	get 0.0050% / 4h	3h 40m	$2.8M	$813K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → +0.051%: $2.22
Slippage, 4 orders: −$693.58
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$712.36
Costs to cover: 7.146%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 1 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 OKX live order book, 1 min ago	3.90 bp	25.2 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.12 bp	314.4 bp −$314	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 GRVTUSDTshort	+0.0100%	4h	0.1923	+0.073%	$2.8M	$813K	20x
OKX GRVT-USDT-SWAPlong	+0.0100%	4h	0.1921	long leg	$2.0M	$1.8M	20x
MEXC GRVT_USDT	+0.0100%	4h	0.1922	+0.062%	$3.6M	$132K	20x	as long as short
Variational Omni GRVT	+0.0100%	4h	0.1922	+0.057%	$270K	$17K	—	as long as short
edgeX GRVTUSDC	+0.0100%	4h	0.1923	+0.080%	$12K	$280K	10x	as long as short
BloFin GRVT-USDT	+0.0131%	4h	0.1922	+0.026%	$239K	$66K	20x	as long as short
Bitget GRVTUSDT	+0.0260%	4h	0.1924	+0.146%	$692K	$534K	20x	as long as short
Gate GRVT_USDT	+0.0390%	4h	0.1921	−0.010%	$341K	$54K	20x	as long as short
GRVT GRVT_USDT_Perp	+0.0406%	4h	0.1923	+0.093%	$303K	$191K	10x	as long as short
KuCoin GRVTUSDTM	+0.0954%	4h	0.1921	+0.016%	$234K	$688K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRVT-USDT	+0.1218%	4h	0.1920	−0.062%	—	$1.6M	—	as long as short
Binance GRVTUSDT	+0.1263%	4h	0.1920	−0.062%	$5.2M	$2.7M	25x	as long as short
Extended GRVT-USD	+0.1264%	1h	0.1920	−0.039%	$103K	$516K	5x	as long as short
Aster GRVTUSDT	+0.1395%	4h	0.1922	+0.024%	$22K	$31K	5x	as long as short