Funding arb · Price arb /

GRVT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against OKX−0.062%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$850.849% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days+0.049%+$5 · spread now −0.062%, 7d avg +0.002%

Together, before fees+0.051%+$5 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: MEXC is 0.064% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRVT-USDT-SWAP	0.1931	0.0100	pay 0.0050% / 4h	1h 08m	$2.0M	$1.8M	20x
Short	MEXC GRVT_USDT	0.1930	0.0100	get 0.0050% / 4h	1h 08m	$3.6M	$131K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.062%Rate

Funding earned: $0
Price spread: −0.062% → +0.002%: −$6.38
Slippage, 4 orders: −$66.87
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$91.25
Costs to cover: 0.849%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago	0.52 bp	30.8 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.78 bp	11.4 bp −$11	68.1 bp −$681	215.5 bp −$21.5K	809.8 bp −$404.9K

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	0.1932	+0.062%	$2.8M	$832K	20x	as long as short
OKX GRVT-USDT-SWAPlong	+0.0100%	4h	0.1931	long leg	$2.0M	$1.8M	20x
MEXC GRVT_USDTshort	+0.0100%	4h	0.1930	−0.062%	$3.6M	$131K	20x
Bitget GRVTUSDT	+0.0100%	4h	0.1929	−0.135%	$629K	$436K	20x	as long as short
Variational Omni GRVT	+0.0100%	4h	0.1929	−0.099%	$270K	$17K	—	as long as short
edgeX GRVTUSDC	+0.0100%	4h	0.1927	−0.238%	$12K	$280K	10x	as long as short
BloFin GRVT-USDT	+0.0125%	4h	0.1931	−0.026%	$241K	$70K	20x	as long as short
Gate GRVT_USDT	+0.0662%	4h	0.1926	−0.269%	$343K	$54K	20x	as long as short
KuCoin GRVTUSDTM	+0.0928%	4h	0.1927	−0.202%	$248K	$629K	20x	as long as short
GRVT GRVT_USDT_Perp	+0.1202%	4h	0.1928	−0.166%	$303K	$191K	10x	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	+0.1274%	4h	0.1931	−0.010%	—	$1.6M	—	as long as short
Aster GRVTUSDT	+0.1300%	4h	0.1926	−0.269%	$24K	$30K	5x	as long as short
Extended GRVT-USD	+0.1328%	1h	0.1930	−0.053%	$103K	$387K	5x	as long as short
Binance GRVTUSDT	+0.1330%	4h	0.1931	−0.035%	$5.3M	$2.7M	25x	as long as short