Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.0507 | +0.0100 | pay 0.0100% / 8h | 3h 08m | $311K | $377K | 10x | Long GRVT | |
| SHORT | 1.0504 | −0.0076 | pay 0.0009% / 1h | 8m 57s | $2K | $50K | 5x | Short Phoenix |
Price gap−0.029%
Funding gap−0.0176% /8h
Both sides work against this direction now: funding costs $5 a day on $10k and the gap is 0.029% under zero (no 7-day history yet). Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$61−0.0176% /8h now · paid −0.606% over the last 7D
Price—spread −0.029% now · no price history on both exchanges yet
Costsno datano order book for Phoenix
Result, before costs—+ Points / potential airdropGRVT: points · farm boardneeds both price histories
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−0.029%
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
/8hFIL on 30 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Note: Order book unknown—No order-book sample for Phoenix: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $2,000GRVT 10x, Phoenix 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$5.27Long GRVT: 3 payments, −$3.00; short Phoenix: 24 payments, −$2.27.
- Note: No 7-day spread history−0.029%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$2K vs $311K OIPhoenix 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 · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0289%/8h × 21 periods−$60.60
Price spread−0.029% → 0−$2.88
Slippage, 4 ordersno data for Phoenix—
Fee GRVT bp × 2 orders−$9.00
Fee Phoenix bp × 2 orders−$7.00
Net, fees only · 7 days · $10k−$79.48
Costs to cover0.160%Break-evennever at this rate
Slippage: GRVT: live order book, 60 min ago; Phoenix: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT1.4213.4 bp−$1327.7 bp−$277doesn’t fitdoesn’t fit
SELL · SHORTPhoenix—————
Closing costs about the same again.
Phoenix: no data.