Funding arb · Price arb /

GRVT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0372%/8h= −40.7% APRpaid last 24h −0.030%

Price spread now: Extended against BingX−0.081%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1551.550% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)−0.307%−$31 · spread now −0.081%, 7d avg −0.082%

Together, before fees−0.331%+ Points / potential airdropExtended: Active · farm board−$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.082%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX GRVT-USDT	0.1885	0.0772	pay 0.0386% / 4h	3h 54m	—	$1.6M	—
Short	Extended GRVT-USD	0.1883	0.0400	get 0.0050% / 1h	54m 22s	$101K	$422K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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 BingXbpFee ExtendedbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$78.12
Price spread: −0.081% → −0.082%: $0.13
Slippage, 4 orders: −$140.05
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$233.04
Costs to cover: 1.550%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; Extended: live order book, 63 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 BingX live order book, 3 min ago	7.96 bp	34.6 bp −$35	147.4 bp −$1,474	doesn't fit	doesn't fit
Sell Extended live order book, 63 min ago	4.81 bp	46.1 bp −$46	328.4 bp −$3,284	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_USDT	+0.0100%	4h	0.1881	−0.212%	$330K	$73K	20x	as long as short
Variational Omni GRVT	+0.0100%	4h	0.1884	−0.041%	$264K	$16K	—	as long as short
KuCoin GRVTUSDTM	+0.0172%	4h	0.1884	−0.064%	$232K	$664K	20x	as long as short
BloFin GRVT-USDT	+0.0295%	4h	0.1885	+0.027%	$236K	$56K	20x	as long as short
edgeX GRVTUSDC	+0.0337%	4h	0.1884	−0.035%	$10K	$280K	10x	as long as short
MEXC GRVT_USDT	+0.0352%	4h	0.1885	0.000%	$3.5M	$133K	20x	as long as short
OKX GRVT-USDT-SWAP	+0.0356%	4h	0.1884	−0.042%	$2.0M	$1.9M	20x	as long as short
Bitget GRVTUSDT	+0.0372%	4h	0.1884	−0.053%	$643K	$733K	20x	as long as short
Binance GRVTUSDT	+0.0396%	4h	0.1884	−0.053%	$5.1M	$2.8M	25x	as long as short
Extended GRVT-USDshort	+0.0400%	1h	0.1883	−0.081%	$101K	$422K	5x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GRVTUSDT	+0.0566%	4h	0.1883	−0.106%	$22K	$28K	5x	as long as short
BingX GRVT-USDTlong	+0.0772%	4h	0.1885	long leg	—	$1.6M	—
GRVT GRVT_USDT_Perp	+0.0866%	4h	0.1885	−0.009%	$284K	$152K	10x	as long as short
Bybit GRVTUSDT	+0.1048%	4h	0.1887	+0.085%	$2.8M	$766K	20x	as long as short