Funding arb · Price arb /

GRVT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.080%

Price spread now: Extended against Gate+0.238%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$201as in the Funding arb table

Net, price: spread back to 7d avg − costs−$224as in the Price arb table

costs, in and out, $10k−$2442.442% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.435%+$44 on $10k

Price spread, last 4 days (all we have)−0.517%−$52 · spread now +0.238%, 7d avg +0.033%

Together, before fees−0.082%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Extended is 0.205% dearer against Gate than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GRVT_USDT	0.1881	0.0100	pay 0.0050% / 4h	3h 52m	$330K	$73K	20x
Short	Extended GRVT-USD	0.1885	0.0408	get 0.0051% / 1h	52m 14s	$101K	$422K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now +0.238%Rate

Funding earned: $64.68
Price spread: +0.238% → +0.033%: $20.47
Slippage, 4 orders: −$224.19
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$159.04
Costs to cover: 2.442%
Break-even: 24.2 days

Slippage from Gate: live order book, 63 min ago; Extended: live order book, just now.

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 Gate live order book, 63 min ago	8.02 bp	98.1 bp −$98	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, just now	5.04 bp	40.0 bp −$40	299.0 bp −$2,990	doesn't fit	doesn't fit

GRVT on 14 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
Gate GRVT_USDTlong	+0.0100%	4h	0.1881	long leg	$330K	$73K	20x
Variational Omni GRVT	+0.0100%	4h	0.1884	+0.171%	$264K	$16K	—	as long as short
KuCoin GRVTUSDTM	+0.0176%	4h	0.1884	+0.170%	$231K	$663K	20x	as long as short
edgeX GRVTUSDC	+0.0344%	4h	0.1886	+0.251%	$10K	$280K	10x	as long as short
MEXC GRVT_USDT	+0.0358%	4h	0.1885	+0.207%	$3.5M	$133K	20x	as long as short
OKX GRVT-USDT-SWAP	+0.0359%	4h	0.1886	+0.245%	$2.0M	$1.9M	20x	as long as short
Bitget GRVTUSDT	+0.0370%	4h	0.1887	+0.319%	$656K	$740K	20x	as long as short
BloFin GRVT-USDT	+0.0400%	4h	0.1884	+0.175%	$236K	$56K	20x	as long as short
Binance GRVTUSDT	+0.0406%	4h	0.1887	+0.296%	$5.1M	$2.8M	25x	as long as short
Extended GRVT-USDshort	+0.0408%	1h	0.1885	+0.238%	$101K	$422K	5x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GRVTUSDT	+0.0581%	4h	0.1883	+0.106%	$22K	$28K	5x	as long as short
BingX GRVT-USDT	+0.0772%	4h	0.1887	+0.319%	—	$1.6M	—	as long as short
Bybit GRVTUSDT	+0.0816%	4h	0.1887	+0.298%	$2.8M	$762K	20x	as long as short
GRVT GRVT_USDT_Perp	+0.0866%	4h	0.1885	+0.203%	$284K	$152K	10x	as long as short