Funding arb · Price arb /

GRT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against MEXC−6.298%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Injective

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 6.298% cheaper against MEXC than usual: you would sell low and buy high (−$630 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GRT_USDT	0.02366	0.0100	pay 0.0100% / 8h	7h 26m	$2.0M	$1.1M	200x
Short	Injective GRT/USDC PERP	0.02217	0.0033	get 0.0004% / 1h	26m 57s	—	$8K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpFee InjectivebpOrdersPrice spread, now −6.298%Rate

Funding earned: −$14
Price spread: −6.298% → 0.000%: −$629.75
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$647.77
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 min ago; Injective: 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 MEXC live order book, 5 min ago	2.12 bp	11.9 bp −$12	33.7 bp −$337	156.9 bp −$15.7K	251.1 bp −$125.5K
Sell Injective no order-book sample	—	—	—	—	—

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	−0.0138%	8h	0.02352	−0.586%	$113K	$85K	—	as long as short
gTrade (Gains Network) GRT/USD	L +0.0024% / S +0.0001%	1h	0.02366	−0.019%	$647	—	150x	as long as short
Injective GRT/USDC PERPshort	+0.0033%	1h	0.02217	−6.298%	—	$8K	5.5x
Bitget GRTUSDT	+0.0063%	8h	0.02363	−0.127%	$2.4M	$715K	75x	as long as short
Binance GRTUSDT	+0.0100%	8h	0.02365	−0.037%	$3.6M	$8.7M	75x	as long as short
Bybit GRTUSDT	+0.0100%	8h	0.02364	−0.085%	$2.9M	$2.3M	75x	as long as short
OKX GRT-USDT-SWAP	+0.0100%	8h	0.02362	−0.169%	$627K	$878K	20x	as long as short
Gate GRT_USDT	+0.0100%	8h	0.02364	−0.085%	$461K	$432K	50x	as long as short
MEXC GRT_USDTlong	+0.0100%	8h	0.02366	long leg	$2.0M	$1.1M	200x
KuCoin GRTUSDTM	+0.0100%	8h	0.02363	−0.127%	$1.1M	$617K	50x	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	0.02361	−0.211%	—	$2.4M	—	as long as short
BloFin GRT-USDT	+0.0107%	8h	0.02360	−0.254%	$177K	$233K	75x	as long as short
Kraken Futures PF_GRTUSD	+0.0547%	1h	0.02384	+0.772%	$292K	$65K	20x	as long as short