Funding arb · Price arb /

GRT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against OKX−5.216%58s7-day average — · you buy dearer than you sell

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

Long on OKX 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 5.216% cheaper against OKX than usual: you would sell low and buy high (−$522 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 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	OKX GRT-USDT-SWAP	0.02339	0.0100	pay 0.0100% / 8h	6h 40m	$620K	$873K	20x
Short	Injective GRT/USDC PERP	0.02217	0.0033	get 0.0004% / 1h	40m 19s	—	$8K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against OKX. 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 OKXbpFee InjectivebpOrdersPrice spread, now −5.216%Rate

Funding earned: −$14
Price spread: −5.216% → 0.000%: −$521.59
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$545.61
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 26 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 OKX live order book, 26 min ago	4.24 bp	40.0 bp −$40	8446.4 bp −$84.5K	doesn't fit	doesn't fit
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	−0.0125%	8h	0.02341	+0.091%	$105K	$91K	—	as long as short
gTrade (Gains Network) GRT/USD	L +0.0024% / S +0.0001%	1h	0.02341	+0.106%	$640	—	150x	as long as short
Injective GRT/USDC PERPshort	+0.0033%	1h	0.02217	−5.216%	—	$8K	5.5x
Bitget GRTUSDT	+0.0087%	8h	0.02336	−0.128%	$2.3M	$701K	75x	as long as short
BloFin GRT-USDT	+0.0087%	8h	0.02343	+0.171%	$176K	$230K	75x	as long as short
Binance GRTUSDT	+0.0100%	8h	0.02339	0.000%	$3.5M	$8.8M	75x	as long as short
Bybit GRTUSDT	+0.0100%	8h	0.02336	−0.128%	$2.8M	$2.4M	75x	as long as short
OKX GRT-USDT-SWAPlong	+0.0100%	8h	0.02339	long leg	$620K	$873K	20x
Gate GRT_USDT	+0.0100%	8h	0.02341	+0.086%	$455K	$432K	50x	as long as short
MEXC GRT_USDT	+0.0100%	8h	0.02337	−0.086%	$1.9M	$1.1M	200x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GRTUSDTM	+0.0100%	8h	0.02341	+0.086%	$1.0M	$627K	50x	as long as short
BingX GRT-USDT	+0.0100%	8h	0.02339	0.000%	—	$2.4M	—	as long as short
Kraken Futures PF_GRTUSD	+0.2892%	1h	0.02348	+0.386%	$288K	$59K	20x	as long as short