Funding arb · Price arb /

GRVT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.076%

Price spread now: MEXC against Extended−0.001%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1131.129% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.588%−$59 on $10k

Price spread, last 4 days (all we have)+0.501%+$50 · spread now −0.001%, 7d avg +0.028%

Together, before fees−0.086%+ Points / potential airdropExtended: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.029% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GRVT-USD	0.1872	0.0208	pay 0.0026% / 1h	30m 29s	$100K	$470K	5x
Short	MEXC GRVT_USDT	0.1872	0.0100	get 0.0050% / 4h	3h 30m	$3.5M	$129K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$22.68
Price spread: −0.001% → +0.028%: −$2.91
Slippage, 4 orders: −$99.88
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$138.47
Costs to cover: 1.129%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; MEXC: live order book, 7 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, 2 min ago	4.81 bp	49.7 bp −$50	336.4 bp −$3,364	doesn't fit	doesn't fit
Sell MEXC live order book, 7 min ago	0.27 bp	10.6 bp −$11	67.3 bp −$673	194.8 bp −$19.5K	580.4 bp −$290.2K

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
OKX GRVT-USDT-SWAP	+0.0100%	4h	0.1871	−0.022%	$2.0M	$2.0M	20x	as long as short
Gate GRVT_USDT	+0.0100%	4h	0.1869	−0.134%	$325K	$99K	20x	as long as short
MEXC GRVT_USDTshort	+0.0100%	4h	0.1872	−0.001%	$3.5M	$129K	20x
KuCoin GRVTUSDTM	+0.0100%	4h	0.1870	−0.059%	$189K	$778K	20x	as long as short
Variational Omni GRVT	+0.0100%	4h	0.1874	+0.122%	$262K	$16K	—	as long as short
edgeX GRVTUSDC	+0.0100%	4h	0.1871	−0.037%	$10K	$281K	10x	as long as short
GRVT GRVT_USDT_Perp	+0.0100%	4h	0.1874	+0.131%	$288K	$177K	10x	as long as short
BloFin GRVT-USDT	+0.0127%	4h	0.1871	−0.038%	$238K	$37K	20x	as long as short
Extended GRVT-USDlong	+0.0208%	1h	0.1872	long leg	$100K	$470K	5x
Binance GRVTUSDT	+0.0211%	4h	0.1872	+0.026%	$5.1M	$2.6M	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRVTUSDT	+0.0238%	4h	0.1872	+0.042%	$671K	$844K	20x	as long as short
Aster GRVTUSDT	+0.0353%	4h	0.1871	−0.008%	$23K	$24K	5x	as long as short
BingX GRVT-USDT	+0.1008%	4h	0.1873	+0.079%	—	$1.7M	—	as long as short
Bybit GRVTUSDT	+0.1399%	4h	0.1873	+0.090%	$2.7M	$760K	20x	as long as short