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: OKX against Bybit+0.026%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$663as in the Funding arb table

Net, price: spread back to 7d avg − costs−$671as in the Price arb table

costs, in and out, $10k−$6786.783% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 7 days−0.086%−$9 · spread now +0.026%, 7d avg −0.051%

Together, before fees+0.062%+$6 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: OKX is 0.077% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRVTUSDT	0.1918	0.0100	pay 0.0050% / 4h	2h 01m	$2.8M	$802K	20x
Short	OKX GRVT-USDT-SWAP	0.1918	0.0100	get 0.0050% / 4h	2h 01m	$2.0M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → −0.051%: $7.68
Slippage, 4 orders: −$657.26
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$670.58
Costs to cover: 6.783%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago	4.95 bp	403.7 bp −$404	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.26 bp	38.3 bp −$38	1142.3 bp −$11.4K	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	0.1918	long leg	$2.8M	$802K	20x
OKX GRVT-USDT-SWAPshort	+0.0100%	4h	0.1918	+0.026%	$2.0M	$1.8M	20x
MEXC GRVT_USDT	+0.0100%	4h	0.1918	−0.021%	$3.6M	$132K	20x	as long as short
Bitget GRVTUSDT	+0.0100%	4h	0.1918	+0.005%	$604K	$405K	20x	as long as short
Variational Omni GRVT	+0.0100%	4h	0.1920	+0.126%	$269K	$18K	—	as long as short
edgeX GRVTUSDC	+0.0100%	4h	0.1918	+0.029%	$12K	$282K	10x	as long as short
BloFin GRVT-USDT	+0.0117%	4h	0.1918	+0.021%	$241K	$72K	20x	as long as short
Gate GRVT_USDT	+0.0174%	4h	0.1914	−0.203%	$342K	$54K	20x	as long as short
KuCoin GRVTUSDTM	+0.0828%	4h	0.1915	−0.136%	$314K	$586K	20x	as long as short
Aster GRVTUSDT	+0.1107%	4h	0.1918	+0.005%	$24K	$30K	5x	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	+0.1144%	4h	0.1918	+0.005%	—	$1.6M	—	as long as short
GRVT GRVT_USDT_Perp	+0.1152%	4h	0.1918	+0.020%	$302K	$215K	10x	as long as short
Binance GRVTUSDT	+0.1180%	4h	0.1918	−0.004%	$5.3M	$2.7M	25x	as long as short
Extended GRVT-USD	+0.1184%	1h	0.1918	−0.019%	$102K	$387K	5x	as long as short