Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1920 | +0.0100 | pay 0.0050% / 4h | 1h 21m | $410K | $5.0M | 10x | Long GRVT | |
| SHORT | 0.1918 | +0.0070 | get 0.0009% / 1h | 21m 17s | $561K | $407K | — | Short AZverse |
Price gap−0.112%
Funding gap−0.0030% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.048% 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−$1−0.0030% /8h now · paid −0.010% over the last 19 hours (all we have)
Price−$5spread −0.112% now, avg −0.064% → −0.048% if it goes back
Costsno datano order book for AZverse
Result, before costs−$6−0.06%+ Points / potential airdropGRVT: points · farm boardcosts unknown: no order book for AZverse · What 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−0.112%
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
/8hENA on 45 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage$1,000 + —GRVT 10x, AZverse —. 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: −$0.90Long GRVT: 6 payments, −$3.00; short AZverse: 24 payments, +$2.10.
- Watch: Gap narrower than usual−0.112% vs −0.064%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$410K vs $561K OIGRVT sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- OK: No KYC on either legGRVT No · AZverse NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0044%/8h × 21 periods−$9.14
Price spread−0.112% → −0.064% (7d avg)−$4.83
Slippage, 4 ordersno data for AZverse—
Fee GRVT bp × 2 orders−$9.00
Fee AZverse bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$34.97
Costs to cover0.210%Break-evennever at this rate
Slippage: GRVT: live order book, 3 min ago; AZverse: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT0.787.0 bp−$710.8 bp−$108doesn’t fitdoesn’t fit
SELL · SHORTAZverse—————
Closing costs about the same again.
AZverse: no data.
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