Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.021%

Price spread now: Extended against GRVT−0.072%72s7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$229as 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−$2312.312% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.072%, 7d avg −0.006%

Together, before fees+0.043%+ Points / potential airdropGRVT: Active · Extended: Active · farm board+$4 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: Extended is 0.066% cheaper against GRVT than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.006%. The two prices were read 72 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	GRVT H_USDT_Perp	0.06835	0.0100	pay 0.0050% / 4h	2h 30m	$1.1M	$437K	10x
Short	Extended H-USD	0.06830	0.0104	get 0.0013% / 1h	30m 08s	$9K	$102K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.072%Rate

Funding earned: $0.84
Price spread: −0.072% → −0.006%: −$6.63
Slippage, 4 orders: −$217.2
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$236.98
Costs to cover: 2.312%
Break-even: 1981.8 days

Slippage from GRVT: live order book, 3 min ago; Extended: live order book, 23 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, 3 min ago	2.20 bp	49.1 bp −$49	19821.1 bp −$198.2K	doesn't fit	doesn't fit
Sell Extended live order book, 23 min ago	2.19 bp	84.8 bp −$85	doesn't fit	doesn't fit	doesn't fit

H on 13 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	−8.563%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06827	−0.123%	$112K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06836	+0.009%	$14.6M	$10.9M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06824	−0.173%	$7.4M	$4.7M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06838	+0.040%	$1.7M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06825	−0.151%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06835	−0.004%	$6.1M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06825	−0.151%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06808	−0.399%	$1.7M	$454K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06830	−0.078%	—	$2.7M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06805	−0.437%	$8K	$9K	—	as long as short
GRVT H_USDT_Perplong	+0.0100%	4h	0.06835	long leg	$1.1M	$437K	10x
Extended H-USDshort	+0.0104%	1h	0.06830	−0.072%	$9K	$102K	5x