Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1117 | +0.0100 | pay 0.0100% / 8h | 1h 01m | $266K | $5.4M | 10x | Long GRVT | |
| SHORT | 0.1116 | +0.0039 | get 0.0005% / 1h | 1m 15s | $19K | $125K | 50x | Short TxFlow5% off |
Price gap−0.063%
Funding gap−0.0061% /8h
The gap pays +$9 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 4.9 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$22−0.0061% /8h now · paid −0.222% over the last 7D
Price+$9spread −0.063% now, avg −0.152% → +0.090% if it goes back
Costs−$360.357% of $10k · taker + slippage, in and out
Result−$49−0.49%+ Points / potential airdropGRVT: points · TxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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−0.063%
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
/8hOP on 30 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Large against open interest9.0 / 9.0 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: −$1.82Long GRVT: 3 payments, −$3.00; short TxFlow: 24 payments, +$1.18.
- OK: Entry gap works for you−0.063% vs −0.152%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$19K vs $266K 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−0.0106%/8h × 21 periods−$22.24
Price spread−0.063% → −0.152% (7d avg)+$8.97
Slippage, 4 orderslive order books−$17.69
Fee GRVT bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$48.97
Costs to cover0.357%Break-evennever at this rate
Slippage: GRVT: live order book, 2 min ago; TxFlow: live order book, 36 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT0.459.0 bp−$920.8 bp−$208doesn’t fitdoesn’t fit
SELL · SHORTTxFlow4.509.0 bp−$915.1 bp−$151115.7 bp−$11.6Kdoesn’t fit
Closing costs about the same again.
| 10-14 12:02 | Phemex | Other | $OP got the first move. Now comes the harder part. Is capital rotating back into L2s, or is this a sharp bounce from beaten-down levels? Price is the headline. Follow-through is the test. Which side are you watching?👇 @Phemex_official on X ↗ |
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