Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.008%

Price spread now: GRVT against Extended−0.264%7-day average +0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)+0.621%+$62 · spread now −0.264%, 7d avg +0.073%

Together, before fees+0.562%+ Points / potential airdropExtended: Active · GRVT: Active · farm board+$56 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 0.337% cheaper against Extended than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	13.196	0.0104	pay 0.0013% / 1h	43m 12s	$740K	$1.9M	25x
Short	GRVT LINK_USDT_Perp	13.161	0.0100	get 0.0100% / 8h	7h 43m	$596K	$2.7M	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

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 ExtendedbpFee GRVTbpOrdersPrice spread, now −0.264%Rate

Funding earned: −$0.84
Price spread: −0.264% → +0.073%: −$33.72
Slippage, 4 orders: −$9.01
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$57.57
Costs to cover: 0.230%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; GRVT: live order book, 6 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, 5 min ago	2.28 bp	5.5 bp −$6	6.9 bp −$69	doesn't fit	doesn't fit
Sell GRVT live order book, 6 min ago	0.38 bp	7.1 bp −$7	15.4 bp −$154	doesn't fit	doesn't fit

LINK on 40 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
GMX LINK/USD [LINK-USDC]	L −0.0091% / S +0.0167%	1h	13.201	+0.039%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.187	−0.063%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.199	+0.028%	$134K	—	150x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0023%	1h	13.207	+0.085%	$764K	$182K	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.030%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.161	−0.260%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	13.198	+0.017%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.200	+0.029%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.184	−0.091%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.194	−0.009%	$404K	$311K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.200	+0.032%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.189	−0.053%	$276K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.198	+0.015%	$122.5M	$305.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.193	−0.021%	$85.0M	$71.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.199	+0.025%	$27.9M	$85.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.199	+0.025%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.195	−0.006%	$130.7M	$12.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.198	+0.017%	$36.8M	$58.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.204	+0.063%	$22.9M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.194	−0.013%	$54.9M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.197	+0.010%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.146	−0.373%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.156	−0.300%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perpshort	+0.0100%	8h	13.161	−0.264%	$596K	$2.7M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	13.166	−0.225%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.199	+0.025%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.199	+0.028%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.216	+0.151%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.198	+0.017%	$5K	$29K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.170	−0.195%	$648K	$871K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	13.196	long leg	$740K	$1.9M	25x
Aevo LINK-PERP	+0.0104%	1h	13.202	+0.046%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.198	+0.017%	$1.0M	$2.8M	50x	as long as short
Phemex LINKUSDT	+0.0140%	8h	13.210	+0.108%	$20.4M	$11.6M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0182%	1h	13.170	−0.195%	$365K	$369K	15x	as long as short
dYdX LINK-USD	+0.0219%	1h	13.184	−0.090%	$349K	$48K	10x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.196	+0.002%	$5.3M	$16.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.205	+0.067%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.194	−0.012%	$5K	—	20x	as long as short
Hyperliquid LINK	+0.0522%	1h	13.217	+0.161%	$80.7M	$25.0M	10x	as long as short