Funding arb · Price arb /

GRT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: MEXC against Injective+4.465%115s7-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 MEXC

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 MEXC is 4.465% dearer against Injective than usual: you sell high and buy low: +$447 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 115 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	Injective GRT/USDC PERP	0.02217	0.0033	pay 0.0004% / 1h	59m 25s	—	$8K	5.5x
Short	MEXC GRT_USDT	0.02316	0.0100	get 0.0100% / 8h	59m 25s	$1.8M	$1.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +4.465%Rate

Funding earned: $14
Price spread: +4.465% → 0.000%: $446.55
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 2 bp × 2 orders: −$4
Net: $456.53
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	2.16 bp	13.8 bp −$14	36.3 bp −$363	134.2 bp −$13.4K	215.6 bp −$107.8K

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	−0.0058%	8h	0.02313	+4.312%	$87K	$125K	—	as long as short
gTrade (Gains Network) GRT/USD	L +0.0024% / S +0.0001%	1h	0.02317	+4.506%	$633	—	150x	as long as short
Injective GRT/USDC PERPlong	+0.0033%	1h	0.02217	long leg	—	$8K	5.5x
Binance GRTUSDT	+0.0100%	8h	0.02315	+4.431%	$3.5M	$8.2M	75x	as long as short
Bybit GRTUSDT	+0.0100%	8h	0.02314	+4.375%	$2.8M	$2.2M	75x	as long as short
OKX GRT-USDT-SWAP	+0.0100%	8h	0.02316	+4.465%	$630K	$745K	20x	as long as short
Gate GRT_USDT	+0.0100%	8h	0.02319	+4.601%	$439K	$422K	50x	as long as short
MEXC GRT_USDTshort	+0.0100%	8h	0.02316	+4.465%	$1.8M	$1.0M	200x
KuCoin GRTUSDTM	+0.0100%	8h	0.02317	+4.511%	$1.0M	$690K	50x	as long as short
Bitget GRTUSDT	+0.0100%	8h	0.02318	+4.556%	$2.3M	$656K	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	0.02317	+4.511%	—	$2.5M	—	as long as short
BloFin GRT-USDT	+0.0126%	8h	0.02317	+4.511%	$170K	$181K	75x	as long as short
Kraken Futures PF_GRTUSD	+0.0589%	1h	0.02320	+4.624%	$275K	$67K	20x	as long as short