Funding arb · Price arb /

GRVT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.049%

Price spread now: Bybit against MEXC+0.073%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$673as in the Funding arb table

Net, price: spread back to 7d avg − costs−$656as in the Price arb table

costs, in and out, $10k−$6586.582% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 7 days+0.059%+$6 · spread now +0.073%, 7d avg +0.050%

Together, before fees−0.090%−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.023% dearer against MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GRVT_USDT	0.1920	0.0100	pay 0.0050% / 4h	22m 32s	$3.6M	$131K	20x
Short	Bybit GRVTUSDT	0.1922	0.0100	get 0.0050% / 4h	22m 32s	$2.8M	$847K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → +0.050%: $2.32
Slippage, 4 orders: −$639.19
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$655.87
Costs to cover: 6.582%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Bybit: live order book, 5 min ago.

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	1.56 bp	17.2 bp −$17	73.4 bp −$734	220.1 bp −$22.0K	782.7 bp −$391.3K
Sell Bybit live order book, 5 min ago	7.03 bp	299.2 bp −$299	doesn't fit	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
Bybit GRVTUSDTshort	+0.0100%	4h	0.1922	+0.073%	$2.8M	$847K	20x
OKX GRVT-USDT-SWAP	+0.0100%	4h	0.1923	+0.130%	$2.0M	$1.8M	20x	as long as short
MEXC GRVT_USDTlong	+0.0100%	4h	0.1920	long leg	$3.6M	$131K	20x
Bitget GRVTUSDT	+0.0100%	4h	0.1923	+0.151%	$672K	$489K	20x	as long as short
Variational Omni GRVT	+0.0100%	4h	0.1920	−0.014%	$269K	$17K	—	as long as short
edgeX GRVTUSDC	+0.0100%	4h	0.1919	−0.056%	$12K	$280K	10x	as long as short
BloFin GRVT-USDT	+0.0112%	4h	0.1920	−0.052%	$240K	$66K	20x	as long as short
Gate GRVT_USDT	+0.0700%	4h	0.1919	−0.078%	$341K	$54K	20x	as long as short
KuCoin GRVTUSDTM	+0.1018%	4h	0.1921	+0.021%	$250K	$660K	20x	as long as short
GRVT GRVT_USDT_Perp	+0.1148%	4h	0.1919	−0.057%	$302K	$191K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRVT-USDT	+0.1294%	4h	0.1921	+0.026%	—	$1.6M	—	as long as short
Binance GRVTUSDT	+0.1356%	4h	0.1921	+0.034%	$5.3M	$2.7M	25x	as long as short
Extended GRVT-USD	+0.1360%	1h	0.1920	−0.020%	$103K	$387K	5x	as long as short
Aster GRVTUSDT	+0.1453%	4h	0.1921	+0.023%	$24K	$32K	5x	as long as short