Funding arb · Price arb /

GRT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.007%

Price spread now: Bitget against Injective+4.150%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bitget is 4.150% dearer against Injective than usual: you sell high and buy low: +$415 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective GRT/USDC PERP	0.02217	0.0033	pay 0.0004% / 1h	29m 04s	—	$8K	5.5x
Short	Bitget GRTUSDT	0.02309	0.0100	get 0.0100% / 8h	1h 29m	$2.3M	$905K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee InjectivebpFee BitgetbpOrdersPrice spread, now +4.150%Rate

Funding earned: $14
Price spread: +4.150% → 0.000%: $414.98
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: $416.96
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 3 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	6.51 bp	20.6 bp −$21	52.1 bp −$521	doesn't fit	doesn'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.

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	−0.0101%	8h	0.02304	+3.934%	$110K	$94K	—	as long as short
gTrade (Gains Network) GRT/USD	L +0.0024% / S +0.0001%	1h	0.02310	+4.213%	$632	—	150x	as long as short
Injective GRT/USDC PERPlong	+0.0033%	1h	0.02217	long leg	—	$8K	5.5x
Binance GRTUSDT	+0.0100%	8h	0.02309	+4.136%	$3.5M	$9.2M	75x	as long as short
Bybit GRTUSDT	+0.0100%	8h	0.02306	+4.014%	$2.8M	$2.5M	75x	as long as short
OKX GRT-USDT-SWAP	+0.0100%	8h	0.02307	+4.060%	$613K	$902K	20x	as long as short
Gate GRT_USDT	+0.0100%	8h	0.02308	+4.105%	$451K	$444K	50x	as long as short
MEXC GRT_USDT	+0.0100%	8h	0.02310	+4.195%	$1.9M	$1.1M	200x	as long as short
KuCoin GRTUSDTM	+0.0100%	8h	0.02306	+4.014%	$1.0M	$662K	50x	as long as short
Bitget GRTUSDTshort	+0.0100%	8h	0.02309	+4.150%	$2.3M	$905K	75x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRT-USDT	+0.0100%	8h	0.02309	+4.150%	—	$2.4M	—	as long as short
BloFin GRT-USDT	+0.0119%	8h	0.02305	+3.969%	$176K	$228K	75x	as long as short
Kraken Futures PF_GRTUSD	+0.0753%	1h	0.02313	+4.327%	$287K	$61K	20x	as long as short