Funding arb · Price arb /

WIF

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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 +0.015%

Price spread now: GRVT against Bybit−0.392%7-day average +0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$640.639% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 7 days+0.529%+$53 · spread now −0.392%, 7d avg +0.121%

Together, before fees+0.648%+ Points / potential airdropGRVT: Active · farm board+$65 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 0.513% cheaper against Bybit than usual: you would sell low and buy high, −$51 on $10k if it goes back to its 7-day average of +0.121%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WIFUSDT	0.2498	0.0100	pay 0.0050% / 4h	27m 16s	$17.0M	$39.7M	50x
Short	GRVT WIF_USDT_Perp	0.2488	0.0100	get 0.0050% / 4h	27m 16s	$282K	$2.3M	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 −0.392%Rate

Funding earned: $0
Price spread: −0.392% → +0.121%: −$51.32
Slippage, 4 orders: −$43.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$115.25
Costs to cover: 0.639%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; GRVT: live order book, 1 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	2.01 bp	9.6 bp −$10	17.0 bp −$170	143.0 bp −$14.3K	doesn't fit
Sell GRVT live order book, 1 min ago	6.02 bp	19.9 bp −$20	58.3 bp −$583	doesn't fit	doesn't fit

WIF on 32 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
Backpack WIF_USDC_PERP	−0.0185%	1h	0.2495	−0.132%	$77K	$291K	10x	as long as short
BloFin WIF-USDT	−0.0181%	4h	0.2498	+0.008%	$1.0M	$831K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2497	−0.051%	$19K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2497	−0.032%	$807	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−1.113%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2503	+0.216%	$140K	$630K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2500	+0.088%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2498	+0.015%	$33K	$284K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2498	+0.026%	$78K	$60K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2501	+0.138%	$18.9M	$118.5M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDTlong	+0.0100%	4h	0.2498	long leg	$17.0M	$39.7M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2498	+0.008%	$6.0M	$36.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2497	−0.032%	$1.2M	$7.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2498	+0.008%	$23.1M	$11.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2497	−0.032%	$4.6M	$14.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2499	+0.048%	$7.6M	$13.3M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2498	+0.008%	—	$23.5M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2485	−0.510%	$76K	$69K	—	as long as short
GRVT WIF_USDT_Perpshort	+0.0100%	4h	0.2488	−0.392%	$282K	$2.3M	10x
ApeX Omni WIFUSDT	+0.0100%	1h	0.2491	−0.272%	$46K	$624K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2498	+0.008%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2491	−0.272%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2500	+0.088%	$584	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2495	−0.112%	$167K	$695K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2498	+0.003%	$9K	$147K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2498	+0.023%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0134% / S −0.0013%	1h	0.2497	−0.038%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0150%	1h	0.2499	+0.048%	$45K	$256K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0259%	1h	0.2501	+0.136%	$649K	$2.3M	50x	as long as short
Hyperliquid WIF	+0.0304%	1h	0.2503	+0.192%	$8.1M	$4.9M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2498	+0.008%	$329K	$2.7M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2497	−0.029%	$0	—	15x	as long as short