Funding arb · Price arb /

GRVT

all GRVT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Bybit against Variational Omni−0.384%7-day average −0.005% · you buy dearer than you sell

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.395%+$39 · spread now −0.384%, 7d avg −0.005%

Together, before fees+0.400%+ Points / potential airdropVariational Omni: Active · farm board+$40 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 0.380% cheaper against Variational Omni than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GRVT	0.1908	0.0100	pay 0.0050% / 4h	2h 23m	$267K	$17K	—
Short	Bybit GRVTUSDT	0.1901	0.0100	get 0.0050% / 4h	2h 23m	$2.8M	$768K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now −0.384%Rate

Funding earned: $0
Price spread: −0.384% → −0.005%: −$37.97
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$48.97
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 45 min ago; Bybit: live order book, 4 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 Variational Omni RFQ quote, 45 min ago	10.36 bp	doesn't fit	5057.0 bp −$50.6K	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	6.29 bp	282.8 bp −$283	doesn't fit	doesn't fit	doesn't fit

GRVT 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
Gate GRVT_USDT	−0.0196%	4h	0.1906	−0.122%	$337K	$56K	20x	as long as short
OKX GRVT-USDT-SWAP	+0.0060%	4h	0.1902	−0.321%	$2.0M	$1.8M	20x	as long as short
MEXC GRVT_USDT	+0.0078%	4h	0.1905	−0.164%	$3.6M	$134K	20x	as long as short
Bybit GRVTUSDTshort	+0.0100%	4h	0.1901	−0.384%	$2.8M	$768K	20x
KuCoin GRVTUSDTM	+0.0100%	4h	0.1906	−0.133%	$231K	$755K	20x	as long as short
Variational Omni GRVTlong	+0.0100%	4h	0.1908	long leg	$267K	$17K	—
edgeX GRVTUSDC	+0.0100%	4h	0.1907	−0.048%	$11K	$281K	10x	as long as short
GRVT GRVT_USDT_Perp	+0.0100%	4h	0.1908	−0.018%	$294K	$203K	10x	as long as short
Bitget GRVTUSDT	+0.0208%	4h	0.1903	−0.264%	$671K	$625K	20x	as long as short
Binance GRVTUSDT	+0.0256%	4h	0.1902	−0.332%	$5.2M	$2.8M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRVT-USD	+0.0272%	1h	0.1904	−0.201%	$101K	$426K	5x	as long as short
Aster GRVTUSDT	+0.0326%	4h	0.1907	−0.072%	$23K	$31K	5x	as long as short
BingX GRVT-USDT	+0.0336%	4h	0.1902	−0.332%	—	$1.6M	—	as long as short