Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.3667 | +0.0100 | pay 0.0100% / 8h | 1h 55m | $259K | $4.2M | 10x | Long GRVT | |
| SHORT | 0.3658 | −0.0038 | pay 0.0005% / 1h | 55m 51s | $76K | $110K | 50x | Short TxFlow5% off |
Price gap−0.239%60s
Funding gap−0.0138% /8h
Both sides work against this direction now: funding costs $4 a day on $10k and the gap is 0.136% 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−$11−0.0138% /8h now · paid −0.113% over the last 7D
Price—spread −0.239%60s now · prices read too far apart to compare
Costs−$480.482% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropGRVT: points · TxFlow: points · farm boardneeds both prices read together
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−0.239%
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 · 4 to watch- Watch: Large against open interest12.3 / 10.3 bp$10k is over 10% of TxFlow’s open interest.
- Note: Margin at max leverage$1,000 + $200GRVT 10x, TxFlow 50x. 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: −$4.14Long GRVT: 3 payments, −$3.00; short TxFlow: 24 payments, −$1.14.
- Watch: Prices read 60 s apart−0.239% vs −0.102%Part of this gap may be the market moving.
- Watch: Short leg is thinner$76K vs $259K OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT points · TxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legGRVT No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0054%/8h × 21 periods−$11.30
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$30.18
Fee GRVT bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$59.48
price spread not counted: prices read too far apartCosts to cover0.482%Break-evennever at this rate
Slippage: GRVT: live order book, 2 min ago; TxFlow: live order book, 46 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT2.7212.3 bp−$1235.3 bp−$353doesn’t fitdoesn’t fit
SELL · SHORTTxFlow1.3610.3 bp−$1027.0 bp−$270200.2 bp−$20.0Kdoesn’t fit
Closing costs about the same again.
Phemex