Settings8H · net · $10k
Funding arb · Price arb /

GS

RWAall GS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.2305%/8h= +252.4% APRpaid last 24h −0.055%
Price spread now: GRVT against Injective+11.294%108s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.120%−$12 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropGRVT: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$69 a day on $10k at the current rate, and GRVT is 11.294% dearer against Injective than usual: you sell high and buy low: +$1,129 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.120%, so the current rate has only just turned in your favour. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.120% in total (about -6.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective GS/USDC PERP862.97−0.0220get 0.0028% / 1h29m 32s$10K$39K12x
ShortGRVT GS_USDT_Perp960.430.2085get 0.2085% / 8h5h 29m$557$110K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against Injective. 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

Funding earned
$484.05
Price spread: +11.294% → 0.000%
$1,129.36
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
$1,604.39
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; GRVT: live order book, 14 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell GRVT live order book, 14 min ago7.08 bp14.5 bp −$14doesn't fitdoesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GS on 9 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective GS/USDC PERPlong−0.0220%1h862.97long leg$10K$39K12x
Bybit GSUSDT0.0000%8h959.48+11.183%$286K$38K25xas long as short
Gate GS_USDT0.0000%8h961.00+11.360%$227K$10K20xas long as short
Bitget GSUSDT0.0000%8h961.41+11.407%$347K$46K20xas long as short
HTX GS-USDT0.0000%8h961.66+11.436%$9K$37K10xas long as short
QFEX GS-USD+0.0013%1h962.73+11.560%$1.1M$2.6M10xas long as short
edgeX GSUSDC+0.0540%4h961.13+11.375%$27K$247K10xas long as short
Binance GSUSDT+0.0615%8h962.01+11.476%$427K$398K20xas long as short
GRVT GS_USDT_Perpshort+0.2085%8h960.43+11.294%$557$110K10x