Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4762 | +0.0100 | pay 0.0100% / 8h | 5h 03m | $333K | $3.9M | 10x | Long GRVT | |
| SHORT | 0.4761 | +0.0100 | get 0.0100% / 8h | 5h 03m | $1.4M | $2.2M | 50x | Short Phemex |
Price gap−0.014%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is at its 7d average: nothing to capture right now.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$10.0000% /8h now · paid +0.008% over the last 7D
Price−$1spread −0.014% now, avg −0.007% → −0.007% if it goes back
Costs−$1041.044% of $10k · taker + slippage, in and out
Result−$104−1.04%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.014%
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
/8hLDO on 30 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size26.6 / 32.4 bpAt $10k entering Phemex costs 32.4 bp, fee and slippage, 1.2× GRVT’s.
- Note: Margin at max leverage$1,000 + $200GRVT 10x, Phemex 50x. 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: $0.00Long GRVT: 3 payments, −$3.00; short Phemex: 3 payments, +$3.00.
- Note: Gap at its usual level−0.014% vs −0.007%The price leg adds little either way.
- Watch: Long leg is thinner$333K vs $1.4M OIGRVT sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- Watch: KYCGRVT No · Phemex YesKYC 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+0.0004%/8h × 21 periods+$0.89
Price spread−0.014% → −0.007% (7d avg)−$0.71
Slippage, 4 orderslive order books−$83.42
Fee GRVT bp × 2 orders−$9.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$104.24
Costs to cover1.044%Break-even827.7 days
Slippage: GRVT: live order book, 5 min ago; Phemex: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT1.0526.6 bp−$2798.3 bp−$983doesn’t fitdoesn’t fit
SELL · SHORTPhemex2.1032.4 bp−$32159.1 bp−$1,591doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya