Funding arb · Price arb /

GRVT

all GRVT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1052%/8h= −115.2% APRpaid last 24h −0.066%

Price spread now: Variational Omni against Extended−0.050%7-day average +0.059% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.246%−$25 on $10k

Price spread, last 3 days (all we have)+0.075%+$7 · spread now −0.050%, 7d avg +0.059%

Together, before fees−0.171%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Variational Omni is 0.109% cheaper against Extended than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.059%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.246% in total (about -27.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GRVT-USD	0.1922	0.1152	pay 0.0144% / 1h	21m 55s	$102K	$387K	5x
Short	Variational Omni GRVT	0.1921	0.0100	get 0.0050% / 4h	2h 21m	$269K	$18K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.050%Rate

Funding earned: −$220.92
Price spread: −0.050% → +0.059%: −$10.92
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$236.84
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 1 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

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, 1 min ago	5.99 bp	34.3 bp −$34	268.2 bp −$2,682	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	7.81 bp	doesn't fit	1641.9 bp −$16.4K	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	0.1923	+0.024%	$2.8M	$803K	20x	as long as short
OKX GRVT-USDT-SWAP	+0.0100%	4h	0.1922	−0.002%	$2.0M	$1.8M	20x	as long as short
Gate GRVT_USDT	+0.0100%	4h	0.1916	−0.335%	$342K	$54K	20x	as long as short
MEXC GRVT_USDT	+0.0100%	4h	0.1921	−0.065%	$3.6M	$130K	20x	as long as short
Bitget GRVTUSDT	+0.0100%	4h	0.1923	+0.050%	$606K	$405K	20x	as long as short
Variational Omni GRVTshort	+0.0100%	4h	0.1921	−0.050%	$269K	$18K	—
edgeX GRVTUSDC	+0.0100%	4h	0.1919	−0.168%	$12K	$280K	10x	as long as short
BloFin GRVT-USDT	+0.0159%	4h	0.1920	−0.132%	$241K	$72K	20x	as long as short
KuCoin GRVTUSDTM	+0.0732%	4h	0.1921	−0.054%	$315K	$586K	20x	as long as short
Aster GRVTUSDT	+0.0988%	4h	0.1918	−0.237%	$24K	$29K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRVT-USDT	+0.1074%	4h	0.1923	+0.029%	—	$1.7M	—	as long as short
GRVT GRVT_USDT_Perp	+0.1082%	4h	0.1919	−0.190%	$302K	$215K	10x	as long as short
Extended GRVT-USDlong	+0.1152%	1h	0.1922	long leg	$102K	$387K	5x
Binance GRVTUSDT	+0.1152%	4h	0.1923	+0.013%	$5.3M	$2.7M	25x	as long as short