Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1001 | +0.0100 | pay 0.0050% / 4h | 13m 14s | $70K | $410K | 10x | Long GRVT | |
| SHORT | 0.1002 | −0.0506 | pay 0.0063% / 1h | 13m 14s | $64K | $109K | 20x | Short TxFlow5% off |
Price gap+0.090%
Funding gap−0.0606% /8h
The gap pays +$21 on $10k if it goes back to its 7d average, but funding costs $18 a day and eats that in about 27 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$85−0.0606% /8h now · paid −0.847% over the last 7D
Price+$21spread +0.090% now, avg −0.118% → +0.208% if it goes back
Costs−$590.593% of $10k · taker + slippage, in and out
Result−$123−1.23%+ Points / potential airdropGRVT: points · TxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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+0.090%
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
/8hCC on 19 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Large against open interest14.1 / 13.7 bp$10k is over 10% of TxFlow’s open interest.
- Note: Margin at max leverage$1,000 + $500GRVT 10x, TxFlow 20x. 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: −$18.19Long GRVT: 6 payments, −$3.00; short TxFlow: 24 payments, −$15.19.
- OK: Entry gap works for you+0.090% vs −0.118%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$64K vs $70K OITxFlow 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−0.0403%/8h × 21 periods−$84.66
Price spread+0.090% → −0.118% (7d avg)+$20.83
Slippage, 4 orderslive order books−$41.31
Fee GRVT bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$123.14
Costs to cover0.593%Break-evennever at this rate
Slippage: GRVT: live order book, 9 min ago; TxFlow: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT1.0014.1 bp−$14doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTTxFlow1.0013.7 bp−$1467.3 bp−$673doesn’t fitdoesn’t fit
Closing costs about the same again.
