Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1488 | −0.0020 | get 0.0010% / 4h | 1h 56m | $75K | $3.2M | 10x | Long GRVT | |
| SHORT | 0.1485 | −0.0525 | pay 0.0066% / 1h | 56m 10s | $111K | $79K | 50x | Short TxFlow5% off |
Price gap−0.203%60s
Funding gap−0.0505% /8h
Both sides work against this direction now: funding costs $15 a day on $10k and the gap is 0.052% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$13−0.0505% /8h now · paid −0.128% over the last 7D
Price—spread −0.203%60s now · prices read too far apart to compare
Costs−$710.712% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropGRVT: points · TxFlow: points · farm boardneeds both prices read together
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.128% in total, about −0.0061%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.203%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hBERA on 24 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size17.8 / 16.4 bpAt $10k entering GRVT costs 17.8 bp, fee and slippage, 1.1× TxFlow’s.
- Note: Margin at max leverage$1,000 + $200GRVT 10x, TxFlow 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$15.14Long GRVT: 6 payments, +$0.60; short TxFlow: 24 payments, −$15.74.
- Watch: Prices read 60 s apart−0.203% vs −0.151%Part of this gap may be the market moving.
- Watch: Long leg is thinner$75K vs $111K OIGRVT sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT points · TxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legGRVT No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0061%/8h × 21 periods−$12.85
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$53.21
Fee GRVT bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$84.06
price spread not counted: prices read too far apartCosts to cover0.712%Break-evennever at this rate
Slippage: GRVT: live order book, 2 min ago; TxFlow: live order book, 46 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT10.0417.8 bp−$1848.1 bp−$481doesn’t fitdoesn’t fit
SELL · SHORTTxFlow3.3616.4 bp−$1647.0 bp−$470doesn’t fitdoesn’t fit
Closing costs about the same again.