Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 14.158 | +0.0096 | pay 0.0012% / 1h | 39m 31s | $217K | $484K | 50x | Long Popdex | |
| SHORT | 14.206 | +0.0030 | get 0.0030% / 8h | 39m 31s | $638K | $2.7M | 10x | Short GRVT |
Price gap+0.340%
Funding gap−0.0066% /8h
The gap pays +$34 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 17 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$17−0.0066% /8h now · paid −0.174% over the last 6 days (all we have)
Price+$34spread +0.340% now, avg −0.001% → +0.341% if it goes back
Costs−$340.339% of $10k · taker + slippage, in and out
Result−$17−0.17%+ 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+0.340%
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
4 ok · 2 to watch- OK: Fits both order books9.6 / 8.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$200 + $1,000Popdex 50x, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.98Long Popdex: 24 payments, −$2.88; short GRVT: 3 payments, +$0.90.
- OK: Entry gap works for you+0.340% vs −0.001%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$217K vs $638K 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 legPopdex No · GRVT 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−$19.40
Price spread+0.340% → −0.001% (7d avg)+$34.08
Slippage, 4 orderslive order books−$18.53
Fee Popdex bp × 2 orders−$6.40
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$19.25
Costs to cover0.339%Break-evenfrom the start
Slippage: Popdex: live order book, 18 min ago; GRVT: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.769.6 bp−$1074.9 bp−$749doesn’t fitdoesn’t fit
SELL · SHORTGRVT1.068.3 bp−$814.4 bp−$144doesn’t fitdoesn’t fit
Closing costs about the same again.
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