Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4783 | +0.0100 | pay 0.0100% / 8h | 4h 55m | $1.4M | $2.2M | 50x | Long Phemex | |
| SHORT | 0.4751 | +0.0100 | get 0.0100% / 8h | 4h 55m | $332K | $3.9M | 10x | Short GRVT |
Price gap−0.669%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 0.676% under its 7d average: the price leg works against you, −$68 on $10k if it goes back.
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−$68spread −0.669% now, avg +0.007% → −0.676% if it goes back
Costs−$1001.000% of $10k · taker + slippage, in and out
Result−$168−1.68%+ 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−0.669%
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: Thin at this size34.9 / 23.2 bpAt $10k entering Phemex costs 34.9 bp, fee and slippage, 1.5× 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: $0.00Long Phemex: 3 payments, −$3.00; short GRVT: 3 payments, +$3.00.
- Watch: Gap narrower than usual−0.669% vs +0.007%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$332K 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: 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−0.0004%/8h × 21 periods−$0.89
Price spread−0.669% → +0.007% (7d avg)−$67.64
Slippage, 4 orderslive order books−$78.97
Fee Phemex bp × 2 orders−$12.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$168.49
Costs to cover1.000%Break-evennever at this rate
Slippage: Phemex: live order book, 7 min ago; GRVT: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex3.1634.9 bp−$35164.2 bp−$1,642doesn’t fitdoesn’t fit
SELL · SHORTGRVT2.1023.2 bp−$2358.4 bp−$584doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya