Funding arb · Price arb / Crypto
PENDLE
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.7105 | +0.0100 | pay 0.0100% / 8h | 6h 59m | $280K | $461K | 10x | Long GRVT | |
| SHORT | 1.7111 | +0.0100 | get 0.0013% / 1h | 59m 25s | $22K | $233K | 25x | Short TxFlow5% off |
Price gap+0.037%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$15 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$80.0000% /8h now · paid −0.083% over the last 7D
Price+$15spread +0.037% now, avg −0.114% → +0.151% if it goes back
Costs−$760.762% of $10k · taker + slippage, in and out
Result−$69−0.69%+ 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+0.037%
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
/8hPENDLE on 31 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size17.3 / 20.0 bpAt $10k entering TxFlow costs 20.0 bp, fee and slippage, 1.2× GRVT’s.
- Note: Margin at max leverage$1,000 + $400GRVT 10x, TxFlow 25x. 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: $0.00Long GRVT: 3 payments, −$3.00; short TxFlow: 24 payments, +$3.00.
- OK: Entry gap works for you+0.037% vs −0.114%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$22K vs $280K 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−0.0039%/8h × 21 periods−$8.25
Price spread+0.037% → −0.114% (7d avg)+$15.11
Slippage, 4 orderslive order books−$58.20
Fee GRVT bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$69.35
Costs to cover0.762%Break-evennever at this rate
Slippage: GRVT: live order book, 3 min ago; TxFlow: live order book, 25 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT2.6317.3 bp−$1756.0 bp−$560doesn’t fitdoesn’t fit
SELL · SHORTTxFlow1.4820.0 bp−$2082.0 bp−$820doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-24 18:20 | Phemex | Other | Phemex Futures TradFi Listing: ethereum:0xaea46a60368a7bd060eec7df8cba43b7ef41ad85, ethereum:0x5a98fcbea516cf06857215779fd812ca3bef1b32, $PENDLE, ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6, $CAKE, $INJ 🔹 Trading Zone: Perpetual 🔹 Max Leverage: Up to 50x 🔹 Trading Starts: @Phemex_official on X ↗ |
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