Funding arb · Price arb /

GRVT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1172%/8h= +128.3% APRpaid last 24h +0.074%

Price spread now: Extended against Bitget−0.059%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1291.293% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.708%+$71 on $10k

Price spread, last 4 days (all we have)−0.283%−$28 · spread now −0.059%, 7d avg −0.055%

Together, before fees+0.424%+ Points / potential airdropExtended: Active · farm board+$42 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: +$35 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 0.708% in total (about 36.9% 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	Bitget GRVTUSDT	0.1932	0.0100	pay 0.0050% / 4h	1h 34m	$621K	$427K	20x
Short	Extended GRVT-USD	0.1931	0.1272	get 0.0159% / 1h	34m 07s	$103K	$387K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now −0.059%Rate

Funding earned: $246.12
Price spread: −0.059% → −0.055%: −$0.45
Slippage, 4 orders: −$112.34
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $116.34
Costs to cover: 1.293%
Break-even: 3.7 days

Slippage from Bitget: live order book, 46 min ago; Extended: live order book, 48 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 Bitget live order book, 46 min ago	4.68 bp	24.9 bp −$25	546.2 bp −$5,462	doesn't fit	doesn't fit
Sell Extended live order book, 48 min ago	5.99 bp	41.3 bp −$41	282.4 bp −$2,824	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
BloFin GRVT-USDT	+0.0070%	4h	0.1930	−0.109%	$239K	$73K	20x	as long as short
Bybit GRVTUSDT	+0.0100%	4h	0.1933	+0.047%	$2.8M	$837K	20x	as long as short
OKX GRVT-USDT-SWAP	+0.0100%	4h	0.1931	−0.026%	$2.0M	$1.8M	20x	as long as short
MEXC GRVT_USDT	+0.0100%	4h	0.1931	−0.016%	$3.7M	$129K	20x	as long as short
Bitget GRVTUSDTlong	+0.0100%	4h	0.1932	long leg	$621K	$427K	20x
Variational Omni GRVT	+0.0100%	4h	0.1931	−0.055%	$270K	$17K	—	as long as short
edgeX GRVTUSDC	+0.0100%	4h	0.1930	−0.093%	$12K	$281K	10x	as long as short
Gate GRVT_USDT	+0.0436%	4h	0.1929	−0.145%	$344K	$54K	20x	as long as short
KuCoin GRVTUSDTM	+0.0940%	4h	0.1930	−0.119%	$263K	$619K	20x	as long as short
GRVT GRVT_USDT_Perp	+0.1152%	4h	0.1930	−0.093%	$304K	$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	+0.1186%	4h	0.1932	+0.010%	—	$1.6M	—	as long as short
Binance GRVTUSDT	+0.1270%	4h	0.1931	−0.041%	$5.3M	$2.8M	25x	as long as short
Extended GRVT-USDshort	+0.1272%	1h	0.1931	−0.059%	$103K	$387K	5x
Aster GRVTUSDT	+0.1284%	4h	0.1926	−0.300%	$24K	$30K	5x	as long as short