Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.056%

Price spread now: GRVT against Bybit+0.051%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$550.555% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.051%, 7d avg +0.026%

Together, before fees−0.042%+ Points / potential airdropGRVT: 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: GRVT is 0.026% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DELLUSDT	572.53	0	get 0.0000% / 8h	7h 46m	$6.1M	$4.0M	50x
Short	GRVT DELL_USDT_Perp	572.82	0	get 0.0000% / 8h	7h 46m	$1K	$145K	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 +0.051%Rate

Funding earned: $0
Price spread: +0.051% → +0.026%: $2.59
Slippage, 4 orders: −$35.47
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$52.89
Costs to cover: 0.555%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; GRVT: live order book, 46 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, 1 min ago	3.15 bp	17.2 bp −$17	73.2 bp −$732	doesn't fit	doesn't fit
Sell GRVT live order book, 46 min ago	1.13 bp	8.6 bp −$9	doesn't fit	doesn't fit	doesn't fit

DELL on 20 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
tradeXYZ xyz:DELL	−0.0020%	1h	572.01	−0.091%	$7.5M	$6.8M	10x	as long as short
Aster DELLUSDT	0.0000%	8h	572.36	−0.029%	$20K	$49K	20x	as long as short
Bybit DELLUSDTlong	0.0000%	8h	572.53	long leg	$6.1M	$4.0M	50x
Gate DELL_USDT	0.0000%	8h	572.17	−0.063%	$4.1M	$6.7M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	572.04	−0.086%	$3.7M	$4.6M	20x	as long as short
GRVT DELL_USDT_Perpshort	0.0000%	8h	572.82	+0.051%	$1K	$145K	10x
Lighter DELL	+0.0032%	1h	572.24	−0.051%	$33K	$12K	10x	as long as short
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.150%	$8K	$83K	12x	as long as short
Polymarket Perps DELL-USD	+0.0050%	1h	572.15	−0.066%	$7K	$55K	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	572.11	−0.073%	$938K	$54K	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	572.73	+0.035%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	573.06	+0.093%	$18K	$58K	10x	as long as short
OKX DELL-USDT-SWAP	+0.0142%	8h	571.81	−0.126%	$5.8M	$6.7M	20x	as long as short
Variational Omni DELL	+0.0269%	8h	573.30	+0.135%	$259K	$61K	—	as long as short
Binance DELLUSDT	+0.0356%	8h	572.27	−0.046%	$18.3M	$66.1M	20x	as long as short
Extended DELL-USD	+0.0360%	1h	572.16	−0.065%	$335K	$2.6M	10x	as long as short
BloFin DELL-USDT	+0.0366%	8h	572.61	+0.014%	$324K	$231K	20x	as long as short
Nado DELL-PERP	+0.0499%	1h	572.30	−0.041%	$69K	$20K	10x	as long as short
edgeX DELLUSDC	+0.0716%	4h	572.79	+0.045%	$5K	$335K	10x	as long as short
Phoenix DELL	+0.0810%	1h	572.52	−0.002%	$3K	$228K	10x	as long as short