Funding arb · Price arb /

H

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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 0.000%

Price spread now: GRVT against Bitget+0.302%53s7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$359as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3853.849% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.257%+$26 on $10k

Price spread, last 7 days−0.708%−$71 · spread now +0.302%, 7d avg +0.064%

Together, before fees−0.450%+ Points / potential airdropGRVT: Active · farm board−$45 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: GRVT is 0.237% dearer against Bitget than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.064%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HUSDT	0.06648	0.0100	pay 0.0050% / 4h	4m 36s	$1.7M	$447K	4x
Short	GRVT H_USDT_Perp	0.06668	0.0100	get 0.0050% / 4h	4m 36s	$1.1M	$423K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bitget. 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 BitgetbpFee GRVTbpOrdersPrice spread, now +0.302%Rate

Funding earned: $0
Price spread: +0.302% → +0.064%: $23.75
Slippage, 4 orders: −$363.9
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$361.15
Costs to cover: 3.849%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; GRVT: live order book, 4 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 Bitget live order book, 2 min ago	7.52 bp	157.8 bp −$158	597.6 bp −$5,976	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	5.99 bp	48.5 bp −$49	doesn't fit	doesn't fit	doesn't fit

H 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−5.987%	$1K	$1	5.5x	as long as short
KuCoin HUSDTM	+0.0092%	4h	0.06669	+0.316%	$1.6M	$10.0M	8x	as long as short
Aster HUSDT	+0.0100%	4h	0.06671	+0.350%	$109K	$54K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06669	+0.316%	$14.3M	$11.1M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06656	+0.126%	$7.4M	$4.9M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06670	+0.331%	$1.8M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06667	+0.286%	$2.7M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06670	+0.331%	$5.9M	$1.1M	20x	as long as short
Bitget HUSDTlong	+0.0100%	4h	0.06648	long leg	$1.7M	$447K	4x
BingX H-USDT	+0.0100%	4h	0.06665	+0.256%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06653	+0.073%	$7K	$9K	—	as long as short
GRVT H_USDT_Perpshort	+0.0100%	4h	0.06668	+0.302%	$1.1M	$423K	10x
Extended H-USD	+0.0104%	1h	0.06667	+0.287%	$10K	$97K	5x	as long as short
BloFin H-USDT	+0.0118%	4h	0.06668	+0.301%	$579K	$108K	25x	as long as short