Funding arb · Price arb /

GRVT

all GRVT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.074%

Price spread now: OKX against Extended−0.027%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$190as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1311.313% of the position

Long on Extended Short on OKX

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)−0.052%−$5 · spread now −0.027%, 7d avg +0.036%

Together, before fees−0.639%+ Points / potential airdropExtended: Active · farm board−$64 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 OKX is 0.063% cheaper against Extended than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GRVT-USD	0.1874	0.0216	pay 0.0027% / 1h	27m 15s	$100K	$470K	5x
Short	OKX GRVT-USDT-SWAP	0.1874	0.0100	get 0.0050% / 4h	3h 27m	$2.0M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$24.36
Price spread: −0.027% → +0.036%: −$6.29
Slippage, 4 orders: −$116.29
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$161.94
Costs to cover: 1.313%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago	4.81 bp	49.7 bp −$50	336.4 bp −$3,364	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.27 bp	26.0 bp −$26	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
BloFin GRVT-USDT	+0.0082%	4h	0.1873	−0.032%	$239K	$37K	20x	as long as short
OKX GRVT-USDT-SWAPshort	+0.0100%	4h	0.1874	−0.027%	$2.0M	$2.0M	20x
Gate GRVT_USDT	+0.0100%	4h	0.1870	−0.219%	$325K	$99K	20x	as long as short
MEXC GRVT_USDT	+0.0100%	4h	0.1872	−0.123%	$3.5M	$130K	20x	as long as short
KuCoin GRVTUSDTM	+0.0100%	4h	0.1871	−0.150%	$191K	$780K	20x	as long as short
Variational Omni GRVT	+0.0100%	4h	0.1874	−0.017%	$262K	$16K	—	as long as short
edgeX GRVTUSDC	+0.0100%	4h	0.1871	−0.179%	$10K	$282K	10x	as long as short
GRVT GRVT_USDT_Perp	+0.0100%	4h	0.1872	−0.090%	$287K	$177K	10x	as long as short
Binance GRVTUSDT	+0.0215%	4h	0.1875	+0.028%	$5.1M	$2.6M	25x	as long as short
Extended GRVT-USDlong	+0.0216%	1h	0.1874	long leg	$100K	$470K	5x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRVTUSDT	+0.0232%	4h	0.1873	−0.054%	$671K	$843K	20x	as long as short
Aster GRVTUSDT	+0.0346%	4h	0.1873	−0.079%	$23K	$24K	5x	as long as short
BingX GRVT-USDT	+0.1406%	4h	0.1877	+0.155%	—	$1.7M	—	as long as short
Bybit GRVTUSDT	+0.1620%	4h	0.1875	+0.048%	$2.7M	$764K	20x	as long as short