Funding arb · Price arb /

BE

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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 +0.011%

Price spread now: Bybit against GRVT+0.035%90s7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as 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−$670.671% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.395%−$39 · spread now +0.035%, 7d avg −0.023%

Together, before fees−0.396%+ Points / potential airdropGRVT: Active · farm board−$40 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 0.058% dearer against GRVT than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.023%. The two prices were read 90 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 BE_USDT_Perp	273.25	0	get 0.0000% / 8h	1h 22m	$7K	$191K	10x
Short	Bybit BEUSDT	273.35	0	get 0.0000% / 8h	1h 22m	$2.0M	$1.2M	25x

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 +0.035%Rate

Funding earned: $0
Price spread: +0.035% → −0.023%: $5.85
Slippage, 4 orders: −$47.07
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$61.22
Costs to cover: 0.671%
Break-even: never at this rate

Slippage from GRVT: live order book, 60 min ago; Bybit: 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 GRVT live order book, 60 min ago	2.57 bp	14.6 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.11 bp	15.3 bp −$15	101.4 bp −$1,014	doesn't fit	doesn't fit

BE on 21 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
Aster BEUSDT	0.0000%	8h	273.14	−0.043%	$343K	$117K	20x	as long as short
Extended BE-USD	0.0000%	1h	273.33	+0.027%	$46K	$270K	10x	as long as short
Binance BEUSDT	0.0000%	8h	273.44	+0.068%	$8.5M	$37.4M	25x	as long as short
Bybit BEUSDTshort	0.0000%	8h	273.35	+0.035%	$2.0M	$1.2M	25x
Gate BE_USDT	0.0000%	8h	273.20	−0.020%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	273.29	+0.013%	$1.7M	$2.7M	20x	as long as short
GRVT BE_USDT_Perplong	0.0000%	8h	273.25	long leg	$7K	$191K	10x
SunX BE-USDT	0.0000%	8h	273.42	+0.061%	$1K	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	273.47	+0.079%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	273.10	−0.056%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH BE	+0.0032%	1h	273.34	+0.032%	$249K	$424K	10x	as long as short
QFEX BE-USD	+0.0035%	1h	273.35	+0.035%	$1.3M	$3.8M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	273.15	−0.038%	$114K	$134K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	273.23	−0.009%	—	—	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0064%	1h	272.24	−0.371%	$467K	$121K	10x	as long as short
OKX BE-USDT-SWAP	+0.0094%	8h	273.48	+0.083%	$2.6M	$6.8M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	273.40	+0.053%	$369K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	273.38	+0.045%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	273.44	+0.068%	$45K	$141K	20x	as long as short
tradeXYZ xyz:BE	+0.0159%	1h	273.15	−0.038%	$5.9M	$2.9M	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0665%	1h	273.39	+0.050%	$6K	$4K	10x	as long as short