Funding arb · Price arb /

GRT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.030%

Price spread now: gTrade (Gains Network) against BloFin+0.113%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.113% dearer against BloFin than usual: you sell high and buy low (spread +0.113% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.6 days. The two prices were read 50 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	BloFin GRT-USDT	0.02377	0.0105	pay 0.0105% / 8h	4h 13m	$179K	$225K	75x
Short	gTrade (Gains Network) GRT/USD	0.02380	L +0.0024% / S +0.0001%	pay 0.0000% / 1h	13m 51s	$651	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BloFin. 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 BloFinbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.113%Rate

Funding earned: −$22.17
Price spread: +0.113% → 0.000%: $11.32
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$32.85
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 17 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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 BloFin live order book, 17 min ago	6.34 bp	23.5 bp −$23	45.8 bp −$458	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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.

GRT on 13 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
Variational Omni GRT	−0.0140%	8h	0.02371	−0.249%	$116K	$100K	—	as long as short
gTrade (Gains Network) GRT/USDshort	L +0.0024% / S +0.0001%	1h	0.02380	+0.113%	$651	—	150x
Injective GRT/USDC PERP	+0.0033%	1h	0.02217	−6.731%	—	$8K	5.5x	as long as short
Binance GRTUSDT	+0.0100%	8h	0.02378	+0.021%	$3.7M	$8.4M	75x	as long as short
Bybit GRTUSDT	+0.0100%	8h	0.02375	−0.084%	$2.9M	$2.2M	75x	as long as short
OKX GRT-USDT-SWAP	+0.0100%	8h	0.02381	+0.168%	$647K	$782K	20x	as long as short
Gate GRT_USDT	+0.0100%	8h	0.02378	+0.042%	$461K	$421K	50x	as long as short
MEXC GRT_USDT	+0.0100%	8h	0.02377	0.000%	$1.9M	$1.1M	200x	as long as short
KuCoin GRTUSDTM	+0.0100%	8h	0.02376	−0.042%	$1.1M	$666K	50x	as long as short
Bitget GRTUSDT	+0.0100%	8h	0.02378	+0.042%	$2.4M	$694K	75x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRT-USDT	+0.0100%	8h	0.02379	+0.084%	—	$2.4M	—	as long as short
BloFin GRT-USDTlong	+0.0105%	8h	0.02377	long leg	$179K	$225K	75x
Kraken Futures PF_GRTUSD	+0.0112%	1h	0.02379	+0.102%	$287K	$65K	20x	as long as short