Funding arb · Price arb /

GRVT

all GRVT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0548%/8h= −60.0% APRpaid last 24h −0.056%

Price spread now: edgeX against Extended+0.230%53s7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$382as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3233.230% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.590%−$59 on $10k

Price spread, last 4 days (all we have)−0.258%−$26 · spread now +0.230%, 7d avg +0.040%

Together, before fees−0.849%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$85 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.190% dearer against Extended than usual: you sell high and buy low (spread +0.230% now, against its 7-day average of +0.040%): +$19 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 28 hours. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GRVT-USD	0.1902	0.0648	pay 0.0081% / 1h	48m 26s	$101K	$428K	5x
Short	edgeX GRVTUSDC	0.1906	0.0100	get 0.0050% / 4h	2h 48m	$11K	$283K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.230%Rate

Funding earned: −$115.08
Price spread: +0.230% → +0.040%: $19
Slippage, 4 orders: −$309.02
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$419.1
Costs to cover: 3.230%
Break-even: never at this rate

Slippage from Extended: live order book, 19 min ago; edgeX: live order book, 19 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, 19 min ago	4.66 bp	35.2 bp −$35	270.4 bp −$2,704	doesn't fit	doesn't fit
Sell edgeX live order book, 19 min ago	10.35 bp	129.2 bp −$129	doesn't fit	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 GRVTUSDT	+0.0100%	4h	0.1902	+0.009%	$2.8M	$790K	20x	as long as short
OKX GRVT-USDT-SWAP	+0.0100%	4h	0.1903	+0.061%	$2.0M	$1.8M	20x	as long as short
Gate GRVT_USDT	+0.0100%	4h	0.1903	+0.077%	$336K	$55K	20x	as long as short
MEXC GRVT_USDT	+0.0100%	4h	0.1903	+0.056%	$3.6M	$132K	20x	as long as short
Variational Omni GRVT	+0.0100%	4h	0.1902	+0.006%	$267K	$17K	—	as long as short
edgeX GRVTUSDCshort	+0.0100%	4h	0.1906	+0.230%	$11K	$283K	10x
GRVT GRVT_USDT_Perp	+0.0100%	4h	0.1905	+0.182%	$294K	$203K	10x	as long as short
BloFin GRVT-USDT	+0.0116%	4h	0.1908	+0.314%	$240K	$65K	20x	as long as short
Bitget GRVTUSDT	+0.0218%	4h	0.1904	+0.145%	$686K	$584K	20x	as long as short
KuCoin GRVTUSDTM	+0.0382%	4h	0.1902	+0.025%	$235K	$724K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance GRVTUSDT	+0.0627%	4h	0.1901	−0.028%	$5.2M	$2.8M	25x	as long as short
Extended GRVT-USDlong	+0.0648%	1h	0.1902	long leg	$101K	$428K	5x
BingX GRVT-USDT	+0.0680%	4h	0.1902	+0.025%	—	$1.6M	—	as long as short
Aster GRVTUSDT	+0.0735%	4h	0.1903	+0.075%	$23K	$33K	5x	as long as short