Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: GRVT against Extended+0.118%92s7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$249as 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−$2492.489% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+1.454%+$145 · spread now +0.118%, 7d avg +0.006%

Together, before fees+1.454%+ Points / potential airdropExtended: Active · GRVT: Active · farm board+$145 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 0.112% dearer against Extended than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.006%. The two prices were read 92 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	Extended H-USD	0.06686	0.0104	pay 0.0013% / 1h	21m 40s	$9K	$203K	5x
Short	GRVT H_USDT_Perp	0.06694	0.0100	get 0.0050% / 4h	2h 21m	$1.1M	$411K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpFee GRVTbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$0.84
Price spread: +0.118% → +0.006%: $11.17
Slippage, 4 orders: −$234.94
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$238.61
Costs to cover: 2.489%
Break-even: never at this rate

Slippage from Extended: live order book, 27 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 Extended live order book, 27 min ago	2.24 bp	81.5 bp −$82	567.5 bp −$5,675	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	2.99 bp	56.1 bp −$56	doesn't fit	doesn't fit	doesn't fit

H on 14 exchanges

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	−6.526%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0068%	4h	0.06680	−0.095%	$579K	$100K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06682	−0.065%	$105K	$56K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06686	−0.005%	$14.1M	$10.4M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06671	−0.232%	$7.3M	$5.1M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06688	+0.025%	$1.7M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06681	−0.080%	$2.8M	$1.7M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06685	−0.020%	$6.0M	$1.0M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06681	−0.080%	$1.5M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06683	−0.050%	$1.7M	$408K	4x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06683	−0.050%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06675	−0.168%	$9K	$3K	—	as long as short
GRVT H_USDT_Perpshort	+0.0100%	4h	0.06694	+0.118%	$1.1M	$411K	10x
Extended H-USDlong	+0.0104%	1h	0.06686	long leg	$9K	$203K	5x