Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2482 | −0.0122 | get 0.0015% / 1h | 53m 22s | $423K | $183K | 50x | Long TxFlow5% off | |
| SHORT | 0.2492 | −0.0510 | pay 0.0255% / 4h | 3h 53m | $1.4M | $5.9M | 10x | Short GRVT |
Price gap+0.394%
Funding gap−0.0388% /8h
The gap pays +$25 on $10k if it goes back to its 7d average, but funding costs $12 a day and eats that in about 2.1 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$53−0.0388% /8h now · paid +0.528% over the last 7D
Price+$25spread +0.394% now, avg +0.146% → +0.247% if it goes back
Costs−$580.582% of $10k · taker + slippage, in and out
Result+$19+0.19%+ Points / potential airdropTxFlow: points · GRVT: 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+0.394%
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
/8hJUP on 35 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size11.6 / 19.3 bpAt $10k entering GRVT costs 19.3 bp, fee and slippage, 1.7× TxFlow’s.
- Note: Margin at max leverage$200 + $1,000TxFlow 50x, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$11.63Long TxFlow: 24 payments, +$3.67; short GRVT: 6 payments, −$15.30.
- OK: Entry gap works for you+0.394% vs +0.146%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$423K vs $1.4M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow points · GRVT pointsVolume here counts toward the points program.
- OK: No KYC on either legTxFlow No · GRVT NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0251%/8h × 21 periods+$52.78
Price spread+0.394% → +0.146% (7d avg)+$24.75
Slippage, 4 orderslive order books−$40.15
Fee TxFlow bp × 2 orders−$9.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k+$19.37
Costs to cover0.582%Break-even4.4 days
Slippage: TxFlow: live order book, 38 min ago; GRVT: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow1.9911.6 bp−$1234.2 bp−$342doesn’t fitdoesn’t fit
SELL · SHORTGRVT2.0019.3 bp−$1944.3 bp−$443doesn’t fitdoesn’t fit
Closing costs about the same again.
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