Funding arb · Price arb /

GRVT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0450%/8h= −49.3% APRpaid last 24h −0.084%

Price spread now: Gate against Extended+0.087%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2,213as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,157as in the Price arb table

costs, in and out, $10k−$2,16921.692% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.435%−$43 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.087%, 7d avg −0.032%

Together, before fees−0.408%+ Points / potential airdropExtended: Active · farm board−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.119% dearer against Extended than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of −0.032%): +$12 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.435% in total) that is about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GRVT-USD	0.1904	0.0272	pay 0.0034% / 1h	24m 11s	$101K	$426K	5x
Short	Gate GRVT_USDT	0.1906	−0.0178	pay 0.0089% / 4h	2h 24m	$337K	$56K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.087%Rate

Funding earned: −$94.5
Price spread: +0.087% → −0.032%: $11.92
Slippage, 4 orders: −$2,149.18
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$2,251.77
Costs to cover: 21.692%
Break-even: never at this rate

Slippage from Extended: live order book, 43 min ago; Gate: live order book, 41 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, 43 min ago	4.66 bp	35.2 bp −$35	270.4 bp −$2,704	doesn't fit	doesn't fit
Sell Gate live order book, 41 min ago	5.19 bp	333.2 bp −$333	doesn't fit	doesn't fit	doesn't fit

GRVT on 13 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
Gate GRVT_USDTshort	−0.0178%	4h	0.1906	+0.087%	$337K	$56K	20x
OKX GRVT-USDT-SWAP	+0.0080%	4h	0.1905	+0.035%	$2.0M	$1.9M	20x	as long as short
MEXC GRVT_USDT	+0.0098%	4h	0.1905	+0.045%	$3.6M	$134K	20x	as long as short
Bybit GRVTUSDT	+0.0100%	4h	0.1906	+0.087%	$2.8M	$773K	20x	as long as short
KuCoin GRVTUSDTM	+0.0100%	4h	0.1906	+0.092%	$231K	$755K	20x	as long as short
Variational Omni GRVT	+0.0100%	4h	0.1908	+0.210%	$267K	$17K	—	as long as short
edgeX GRVTUSDC	+0.0100%	4h	0.1907	+0.162%	$11K	$281K	10x	as long as short
GRVT GRVT_USDT_Perp	+0.0100%	4h	0.1905	+0.034%	$294K	$203K	10x	as long as short
Bitget GRVTUSDT	+0.0214%	4h	0.1906	+0.113%	$672K	$626K	20x	as long as short
Extended GRVT-USDlong	+0.0272%	1h	0.1904	long leg	$101K	$426K	5x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance GRVTUSDT	+0.0274%	4h	0.1905	+0.035%	$5.2M	$2.8M	25x	as long as short
BingX GRVT-USDT	+0.0336%	4h	0.1905	+0.035%	—	$1.6M	—	as long as short
Aster GRVTUSDT	+0.0342%	4h	0.1908	+0.173%	$23K	$31K	5x	as long as short