Funding arb · Price arb /

GRVT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h +0.019%

Price spread now: BingX against Extended+0.104%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1561.560% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.451%+$45 · spread now +0.104%, 7d avg +0.079%

Together, before fees+0.483%+ Points / potential airdropExtended: Active · farm board+$48 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.024% dearer against Extended than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GRVT-USD	0.1881	0.0240	pay 0.0030% / 1h	48m 20s	$102K	$465K	5x
Short	BingX GRVT-USDT	0.1883	0.0310	get 0.0155% / 4h	3h 48m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.104%Rate

Funding earned: $14.7
Price spread: +0.104% → +0.079%: $2.45
Slippage, 4 orders: −$140.95
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$138.81
Costs to cover: 1.560%
Break-even: 73.1 days

Slippage from Extended: live order book, 49 min ago; BingX: live order book, 13 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 Extended live order book, 49 min ago	6.41 bp	51.1 bp −$51	327.8 bp −$3,278	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	8.02 bp	35.2 bp −$35	152.2 bp −$1,522	1022.1 bp −$102.2K	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 GRVTUSDT	+0.0100%	4h	0.1883	+0.083%	$2.8M	$737K	20x	as long as short
OKX GRVT-USDT-SWAP	+0.0100%	4h	0.1881	−0.018%	$2.0M	$2.0M	20x	as long as short
Gate GRVT_USDT	+0.0100%	4h	0.1879	−0.109%	$326K	$98K	20x	as long as short
MEXC GRVT_USDT	+0.0100%	4h	0.1881	−0.018%	$3.5M	$128K	20x	as long as short
KuCoin GRVTUSDTM	+0.0100%	4h	0.1879	−0.087%	$192K	$770K	20x	as long as short
Variational Omni GRVT	+0.0100%	4h	0.1883	+0.111%	$263K	$16K	—	as long as short
edgeX GRVTUSDC	+0.0100%	4h	0.1879	−0.102%	$10K	$280K	10x	as long as short
BloFin GRVT-USDT	+0.0116%	4h	0.1882	+0.051%	$238K	$37K	20x	as long as short
Binance GRVTUSDT	+0.0240%	4h	0.1882	+0.025%	$5.1M	$2.6M	25x	as long as short
Extended GRVT-USDlong	+0.0240%	1h	0.1881	long leg	$102K	$465K	5x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRVTUSDT	+0.0306%	4h	0.1883	+0.088%	$679K	$836K	20x	as long as short
BingX GRVT-USDTshort	+0.0310%	4h	0.1883	+0.104%	—	$1.7M	—
Aster GRVTUSDT	+0.0370%	4h	0.1878	−0.140%	$23K	$24K	5x	as long as short
GRVT GRVT_USDT_Perp	+0.1042%	4h	0.1882	+0.044%	$289K	$176K	10x	as long as short