Funding arb · Price arb /

GRVT

all GRVT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.096%

Price spread now: Extended against Bybit−0.087%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$395as in the Funding arb table

Net, price: spread back to 7d avg − costs−$471as in the Price arb table

costs, in and out, $10k−$4684.679% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.732%+$73 on $10k

Price spread, last 4 days (all we have)+0.095%+$9 · spread now −0.087%, 7d avg −0.059%

Together, before fees+0.827%+ Points / potential airdropExtended: Active · farm board+$83 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.028% cheaper against Bybit than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of −0.059%). If the spread goes back, that is −$3 on $10k: about 16 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.732% in total) that is about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRVTUSDT	0.1883	0.0100	pay 0.0050% / 4h	3h 47m	$2.8M	$736K	20x
Short	Extended GRVT-USD	0.1881	0.0240	get 0.0030% / 1h	47m 36s	$102K	$465K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now −0.087%Rate

Funding earned: $29.4
Price spread: −0.087% → −0.059%: −$2.82
Slippage, 4 orders: −$451.88
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$441.3
Costs to cover: 4.679%
Break-even: 112.1 days

Slippage from Bybit: live order book, 4 min ago; Extended: live order book, 50 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 Bybit live order book, 4 min ago	11.15 bp	325.9 bp −$326	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 50 min ago	6.41 bp	36.6 bp −$37	288.1 bp −$2,881	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 GRVTUSDTlong	+0.0100%	4h	0.1883	long leg	$2.8M	$736K	20x
OKX GRVT-USDT-SWAP	+0.0100%	4h	0.1881	−0.074%	$2.0M	$2.0M	20x	as long as short
Gate GRVT_USDT	+0.0100%	4h	0.1879	−0.191%	$326K	$98K	20x	as long as short
MEXC GRVT_USDT	+0.0100%	4h	0.1881	−0.090%	$3.5M	$128K	20x	as long as short
KuCoin GRVTUSDTM	+0.0100%	4h	0.1881	−0.064%	$191K	$770K	20x	as long as short
Variational Omni GRVT	+0.0100%	4h	0.1883	+0.029%	$263K	$16K	—	as long as short
edgeX GRVTUSDC	+0.0100%	4h	0.1879	−0.185%	$10K	$280K	10x	as long as short
BloFin GRVT-USDT	+0.0116%	4h	0.1882	−0.032%	$238K	$37K	20x	as long as short
Binance GRVTUSDT	+0.0240%	4h	0.1882	−0.055%	$5.1M	$2.6M	25x	as long as short
Extended GRVT-USDshort	+0.0240%	1h	0.1881	−0.087%	$102K	$465K	5x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRVTUSDT	+0.0304%	4h	0.1882	−0.016%	$679K	$836K	20x	as long as short
BingX GRVT-USDT	+0.0306%	4h	0.1883	+0.021%	—	$1.7M	—	as long as short
Aster GRVTUSDT	+0.0370%	4h	0.1879	−0.217%	$23K	$24K	5x	as long as short
GRVT GRVT_USDT_Perp	+0.1042%	4h	0.1882	−0.039%	$289K	$176K	10x	as long as short