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 −0.054%

Price spread now: Bitget against OKX+0.047%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1081.075% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 4 days (all we have)+0.318%+$32 · spread now +0.047%, 7d avg +0.025%

Together, before fees+0.163%+$16 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: Bitget is 0.021% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRVT-USDT-SWAP	0.1934	0.0100	pay 0.0050% / 4h	1h 29m	$2.0M	$1.8M	20x
Short	Bitget GRVTUSDT	0.1935	0.0100	get 0.0050% / 4h	1h 29m	$623K	$428K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.025%: $2.14
Slippage, 4 orders: −$85.54
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$105.4
Costs to cover: 1.075%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bitget: live order book, 51 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 OKX live order book, 3 min ago	1.29 bp	26.0 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 51 min ago	4.68 bp	28.8 bp −$29	300.7 bp −$3,007	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	0.1932	−0.083%	$240K	$73K	20x	as long as short
Bybit GRVTUSDT	+0.0100%	4h	0.1935	+0.078%	$2.8M	$837K	20x	as long as short
OKX GRVT-USDT-SWAPlong	+0.0100%	4h	0.1934	long leg	$2.0M	$1.8M	20x
MEXC GRVT_USDT	+0.0100%	4h	0.1933	−0.057%	$3.7M	$129K	20x	as long as short
Bitget GRVTUSDTshort	+0.0100%	4h	0.1935	+0.047%	$623K	$428K	20x
Variational Omni GRVT	+0.0100%	4h	0.1933	−0.046%	$270K	$17K	—	as long as short
edgeX GRVTUSDC	+0.0100%	4h	0.1931	−0.145%	$12K	$282K	10x	as long as short
Gate GRVT_USDT	+0.0528%	4h	0.1929	−0.238%	$344K	$54K	20x	as long as short
KuCoin GRVTUSDTM	+0.0976%	4h	0.1931	−0.124%	$262K	$619K	20x	as long as short
GRVT GRVT_USDT_Perp	+0.1182%	4h	0.1931	−0.137%	$304K	$191K	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	+0.1206%	4h	0.1933	−0.031%	—	$1.6M	—	as long as short
Extended GRVT-USD	+0.1296%	1h	0.1932	−0.101%	$103K	$387K	5x	as long as short
Binance GRVTUSDT	+0.1298%	4h	0.1932	−0.083%	$5.3M	$2.8M	25x	as long as short
Aster GRVTUSDT	+0.1317%	4h	0.1926	−0.393%	$24K	$30K	5x	as long as short