Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 14.247 | +0.0044 | pay 0.0044% / 8h | 0m 24s | $639K | $2.7M | 10x | Long GRVT | |
| SHORT | 14.237 | +0.0096 | get 0.0012% / 1h | 0m 24s | $221K | $473K | 50x | Short Popdex |
Price gap−0.070%58s
Funding gap+0.0052% /8h
Funding pays +$2 a day on $10k, but the gap is 0.071% under its 7d average: −$7 if it goes back, about 4.6 days of funding.
The two prices were read 58 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$17+0.0052% /8h now · paid +0.174% over the last 6 days (all we have)
Price—spread −0.070%58s now · prices read too far apart to compare
Costs−$340.344% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.070%
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
/8hLINK on 41 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books7.7 / 9.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $200GRVT 10x, Popdex 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: +$1.56Long GRVT: 3 payments, −$1.32; short Popdex: 24 payments, +$2.88.
- Watch: Prices read 58 s apart−0.070% vs +0.001%Part of this gap may be the market moving.
- Watch: Short leg is thinner$221K vs $639K OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- OK: No KYC on either legGRVT No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0092%/8h × 21 periods+$19.32
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$18.96
Fee GRVT bp × 2 orders−$9.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$15.04
price spread not counted: prices read too far apartCosts to cover0.344%Break-even12.5 days
Slippage: GRVT: live order book, 2 min ago; Popdex: live order book, 57 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT1.057.7 bp−$813.5 bp−$135doesn’t fitdoesn’t fit
SELL · SHORTPopdex1.769.5 bp−$970.8 bp−$708doesn’t fitdoesn’t fit
Closing costs about the same again.
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