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 Bybit−0.281%100s7-day average +0.162% · you buy dearer than you sell

Net, funding: paid 7d − costs−$152as 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−$1781.777% of the position

Long on Bybit 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−0.033%−$3 · spread now −0.281%, 7d avg +0.162%

Together, before fees+0.224%+ Points / potential airdropGRVT: Active · farm board+$22 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 0.444% cheaper against Bybit than usual: you would sell low and buy high, −$44 on $10k if it goes back to its 7-day average of +0.162%. The two prices were read 100 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	Bybit HUSDT	0.06737	0.0100	pay 0.0050% / 4h	1h 15m	$7.5M	$4.9M	13x
Short	GRVT H_USDT_Perp	0.06718	0.0100	get 0.0050% / 4h	1h 15m	$1.1M	$434K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bybit. 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 BybitbpFee GRVTbpOrdersPrice spread, now −0.281%Rate

Funding earned: $0
Price spread: −0.281% → +0.162%: −$44.35
Slippage, 4 orders: −$157.7
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$222.05
Costs to cover: 1.777%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; GRVT: live order book, 2 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 Bybit live order book, 2 min ago	1.49 bp	34.3 bp −$34	169.7 bp −$1,697	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	2.23 bp	65.0 bp −$65	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
KuCoin HUSDTM	+0.0032%	4h	0.06729	−0.119%	$1.6M	$10.0M	8x	as long as short
Injective H/USDC PERP	+0.0033%	1h	0.06250	−7.229%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0056%	4h	0.06724	−0.193%	$584K	$109K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06733	−0.053%	$110K	$57K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06746	+0.134%	$14.5M	$11.1M	10x	as long as short
Bybit HUSDTlong	+0.0100%	4h	0.06737	long leg	$7.5M	$4.9M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06749	+0.178%	$1.8M	$6.1M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06740	+0.045%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06748	+0.163%	$6.0M	$1.1M	20x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06732	−0.074%	$1.7M	$457K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06741	+0.059%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06726	−0.168%	$7K	$9K	—	as long as short
GRVT H_USDT_Perpshort	+0.0100%	4h	0.06718	−0.281%	$1.1M	$434K	10x
Extended H-USD	+0.0104%	1h	0.06745	+0.118%	$9K	$105K	5x	as long as short