Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0410%/8h= −44.9% APRpaid last 24h −0.032%

Price spread now: GRVT against Polymarket Perps0.000%63s7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as 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−$260.258% of the position

Long on Polymarket Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.345%−$35 on $10k

Price spread, last 3 days (all we have)−0.039%−$4 · spread now 0.000%, 7d avg −0.022%

Together, before fees−0.384%+ Points / potential airdropGRVT: Active · farm board−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.022% dearer against Polymarket Perps than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.022%): +$2 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.345% in total) that is about 11 hours. The two prices were read 63 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	Polymarket Perps WTIOIL-USD	92.630	0.0050	pay 0.0006% / 1h	9m 54s	$1.6M	$1.4M	20x
Short	GRVT CL_USDT_Perp	92.630	−0.0360	pay 0.0180% / 4h	3h 09m	$58K	$684K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Polymarket Perps. 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 Polymarket PerpsbpFee GRVTbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$86.1
Price spread: 0.000% → −0.022%: $2.16
Slippage, 4 orders: −$8.76
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$109.7
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; GRVT: live order book, 63 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 Polymarket Perps live order book, 4 min ago	2.43 bp	6.5 bp −$7	7.7 bp −$77	10.8 bp −$1,081	doesn't fit
Sell GRVT live order book, 63 min ago	0.54 bp	5.0 bp −$5	6.1 bp −$61	doesn't fit	doesn't fit

CL on 36 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
GRVT CL_USDT_Perpshort	−0.0360%	4h	92.630	0.000%	$58K	$684K	25x
Aster CLUSD1	−0.0336%	4h	92.690	+0.065%	$24.1M	$75.2M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0289%	1h	92.630	0.000%	$123K	$275K	15x	as long as short
Binance CLUSDT	−0.0282%	4h	92.690	+0.065%	$244.7M	$1.03B	100x	as long as short
Variational Omni CL	−0.0272%	4h	92.610	−0.022%	$13.3M	$11.4M	—	as long as short
Gate CL_USDT	−0.0209%	8h	92.570	−0.065%	$21.3M	$55.5M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.654	+0.025%	$275K	$913K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0053%	1h	92.560	−0.076%	$3.5M	$5.9M	20x	as long as short
Nado WTI-PERP	−0.0051%	1h	92.675	+0.048%	$934K	$707K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.648%	$399K	$956K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.610	−0.022%	$2.4M	$1.7M	10x	as long as short
tradeXYZ xyz:CL	−0.0032%	1h	92.637	+0.008%	$185.9M	$237.1M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.666	+0.039%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.680	+0.054%	$26.5M	$89.2M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.650	+0.022%	$43.1M	$108.3M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.756	+0.136%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.650	+0.022%	$42.2M	$48.1M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.710	+0.086%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.640	+0.011%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.200	−0.464%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0006%	8h	92.605	−0.027%	$15K	$367	5x	as long as short
Extended WTI-USD	+0.0016%	1h	92.710	+0.086%	$2.3M	$25.8M	10x	as long as short
Lighter WTI	+0.0024%	1h	92.644	+0.015%	$11.2M	$10.2M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	−0.281%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.650	+0.022%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0050%	1h	92.630	long leg	$1.6M	$1.4M	20x
SoDEX CL-USD	+0.0050%	1h	92.632	+0.002%	$2.0M	$38K	20x	as long as short
KuCoin CLUSDTM	+0.0080%	4h	92.635	+0.005%	$7.2M	$2.3M	50x	as long as short
edgeX CLUSDC	+0.0095%	4h	92.657	+0.029%	$533K	$300K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.625	−0.005%	$357K	$602K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.670	+0.043%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.607	−0.024%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0157%	1h	92.628	−0.002%	$2K	$28K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.635	+0.005%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.69	+9.781%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.560	−0.076%	$4.0M	$1.2M	50x	as long as short