Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.4370 | −0.0649 | get 0.0649% / 8h | 2h 10m | $1.5M | $592K | 50x | Long Phemex | |
| SHORT | 2.4436 | +0.0100 | get 0.0100% / 8h | 2h 10m | $472K | $389K | 10x | Short GRVT |
Price gap+0.270%62s
Funding gap+0.0749% /8h
Both sides work: funding pays +$22 a day on $10k, and the gap is 0.169% above its 7d average: +$17 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$150+0.0749% /8h now · paid +1.499% over the last 7D
Price—spread +0.270%62s now · prices read too far apart to compare
Costs−$2442.437% of $10k · taker + slippage, in and out
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+0.270%
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
/8hICP on 28 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size115.0 / 16.5 bpAt $10k entering Phemex costs 115.0 bp, fee and slippage, 7.0× GRVT’s.
- Note: Margin at max leverage$200 + $1,000Phemex 50x, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$22.47Long Phemex: 3 payments, +$19.47; short GRVT: 3 payments, +$3.00.
- Watch: Prices read 62 s apart+0.270% vs +0.102%Part of this gap may be the market moving.
- Watch: Short leg is thinner$472K vs $1.5M OIGRVT sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- Watch: KYCPhemex Yes · GRVT NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0714%/8h × 21 periods+$149.94
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$222.71
Fee Phemex bp × 2 orders−$12.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$93.77
price spread not counted: prices read too far apartCosts to cover2.437%Break-even11.4 days
Slippage: Phemex: live order book, 4 min ago; GRVT: live order book, 46 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex4.11115.0 bp−$1156076.5 bp−$60.8Kdoesn’t fitdoesn’t fit
SELL · SHORTGRVT4.1016.5 bp−$1635.1 bp−$351doesn’t fitdoesn’t fit
Closing costs about the same again.
Orderly