Funding arb · Price arb /

H

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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 +0.020%

Price spread now: Bybit against GRVT+0.671%7-day average −0.166% · you sell dearer than you buy

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$1531.531% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.251%−$25 on $10k

Price spread, last 7 days−1.065%−$106 · spread now +0.671%, 7d avg −0.166%

Together, before fees−1.316%+ Points / potential airdropGRVT: Active · farm board−$132 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 0.837% dearer against GRVT than usual: you sell high and buy low, +$84 on $10k if it goes back to its 7-day average of −0.166%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT H_USDT_Perp	0.06828	0.0100	pay 0.0050% / 4h	1h 51m	$1.1M	$455K	10x
Short	Bybit HUSDT	0.06874	0.0100	get 0.0050% / 4h	1h 51m	$7.5M	$4.6M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against GRVT. 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 GRVTbpFee BybitbpOrdersPrice spread, now +0.671%Rate

Funding earned: $0
Price spread: +0.671% → −0.166%: $83.69
Slippage, 4 orders: −$133.08
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$69.39
Costs to cover: 1.531%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Bybit: 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 GRVT live order book, 2 min ago	2.18 bp	33.9 bp −$34	6939.5 bp −$69.4K	159354.5 bp −$15.94M	doesn't fit
Sell Bybit live order book, 2 min ago	3.65 bp	42.5 bp −$42	201.6 bp −$2,016	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	−8.471%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0050%	4h	0.06880	+0.756%	$584K	$115K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06877	+0.705%	$114K	$52K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06882	+0.785%	$14.8M	$10.6M	10x	as long as short
Bybit HUSDTshort	+0.0100%	4h	0.06874	+0.671%	$7.5M	$4.6M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06886	+0.844%	$1.7M	$5.7M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06874	+0.668%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06883	+0.800%	$6.2M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06876	+0.697%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06872	+0.638%	$1.7M	$458K	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	0.06877	+0.712%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06801	−0.402%	$8K	$10K	—	as long as short
GRVT H_USDT_Perplong	+0.0100%	4h	0.06828	long leg	$1.1M	$455K	10x
Extended H-USD	+0.0104%	1h	0.06885	+0.829%	$11K	$107K	5x	as long as short