Funding arb · Price arb /

GRVT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against MEXC+0.114%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$1041.037% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days−0.102%−$10 · spread now +0.114%, 7d avg −0.002%

Together, before fees−0.103%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.116% dearer against MEXC than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GRVT_USDT	0.1923	0.0100	pay 0.0050% / 4h	1h 48m	$3.6M	$128K	20x
Short	OKX GRVT-USDT-SWAP	0.1925	0.0100	get 0.0050% / 4h	1h 48m	$2.0M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against MEXC. 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 MEXCbpFee OKXbpOrdersPrice spread, now +0.114%Rate

Funding earned: $0
Price spread: +0.114% → −0.002%: $11.61
Slippage, 4 orders: −$85.74
Fee MEXC: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$92.13
Costs to cover: 1.037%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; OKX: live order book, 4 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 MEXC live order book, 4 min ago	0.26 bp	24.5 bp −$24	66.0 bp −$660	180.9 bp −$18.1K	739.5 bp −$369.8K
Sell OKX live order book, 4 min ago	0.26 bp	31.4 bp −$31	1108.6 bp −$11.1K	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	+0.0045%	4h	0.1923	+0.026%	$240K	$72K	20x	as long as short
Bybit GRVTUSDT	+0.0100%	4h	0.1925	+0.078%	$2.8M	$811K	20x	as long as short
OKX GRVT-USDT-SWAPshort	+0.0100%	4h	0.1925	+0.114%	$2.0M	$1.8M	20x
MEXC GRVT_USDTlong	+0.0100%	4h	0.1923	long leg	$3.6M	$128K	20x
Bitget GRVTUSDT	+0.0100%	4h	0.1925	+0.099%	$618K	$407K	20x	as long as short
Variational Omni GRVT	+0.0100%	4h	0.1924	+0.049%	$269K	$18K	—	as long as short
edgeX GRVTUSDC	+0.0100%	4h	0.1923	−0.021%	$12K	$281K	10x	as long as short
Gate GRVT_USDT	+0.0166%	4h	0.1916	−0.364%	$342K	$54K	20x	as long as short
KuCoin GRVTUSDTM	+0.0872%	4h	0.1922	−0.036%	$263K	$614K	20x	as long as short
GRVT GRVT_USDT_Perp	+0.1096%	4h	0.1923	+0.025%	$303K	$202K	10x	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	+0.1126%	4h	0.1923	0.000%	—	$1.6M	—	as long as short
Aster GRVTUSDT	+0.1182%	4h	0.1918	−0.260%	$24K	$30K	5x	as long as short
Extended GRVT-USD	+0.1208%	1h	0.1923	−0.015%	$103K	$387K	5x	as long as short
Binance GRVTUSDT	+0.1211%	4h	0.1924	+0.032%	$5.3M	$2.7M	25x	as long as short