Funding arb · Price arb / Crypto
PENDLE
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.7436 | +0.0100 | pay 0.0013% / 1h | 53m 21s | $25K | $227K | 25x | Long TxFlow5% off | |
| SHORT | 1.7510 | +0.0100 | get 0.0100% / 8h | 7h 53m | $293K | $440K | 10x | Short GRVT |
Price gap+0.424%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$31 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+$31spread +0.424% now, avg +0.115% → +0.309% if it goes back
Costs−$620.623% of $10k · taker + slippage, in and out
Result−$23−0.23%+ Points / potential airdropTxFlow: points · GRVT: 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+0.424%
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: Large against open interest13.2 / 14.9 bp$10k is over 10% of TxFlow’s open interest.
- Note: Margin at max leverage$400 + $1,000TxFlow 25x, 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: $0.00Long TxFlow: 24 payments, −$3.00; short GRVT: 3 payments, +$3.00.
- OK: Entry gap works for you+0.424% vs +0.115%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$25K vs $293K OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow points · GRVT pointsVolume here counts toward the points program.
- OK: No KYC on either legTxFlow No · GRVT 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+0.424% → +0.115% (7d avg)+$30.91
Slippage, 4 orderslive order books−$44.29
Fee TxFlow bp × 2 orders−$9.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$23.13
Costs to cover0.623%Break-even26.6 days
Slippage: TxFlow: live order book, 36 min ago; GRVT: live order book, 14 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow0.2813.2 bp−$1370.8 bp−$708doesn’t fitdoesn’t fit
SELL · SHORTGRVT4.8914.9 bp−$1546.6 bp−$466doesn’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, $INJ 🔹 Trading Zone: Perpetual 🔹 Max Leverage: Up to 50x 🔹 Trading Starts: @Phemex_official on X ↗ |
| 09-24 09:36 | Phemex | Listing | new market PENDLEUSDT ($PENDLE) seen by our collector |
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