Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004905 | +0.0105 | pay 0.0105% / 8h | 3h 58m | $3.6M | $12.1M | 75x | Long BloFin | |
| SHORT | 0.000004900 | −0.0072 | pay 0.0072% / 8h | 3h 58m | $1.1M | $2.4M | 10x | Short GRVT |
Price gap−0.109%
Funding gap−0.0177% /8h
Both sides work against this direction now: funding costs $5 a day on $10k and the gap is 0.136% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$14−0.0177% /8h now · paid −0.138% over the last 7D
Price−$14spread −0.109% now, avg +0.027% → −0.136% if it goes back
Costs−$360.357% of $10k · taker + slippage, in and out
Result−$63−0.63%+ Points / potential airdropGRVT: 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−0.109%
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
/8hPEPE on 39 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- OK: Fits both order books7.5 / 9.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$133 + $1,000BloFin 75x, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$5.30Long BloFin: 3 payments, −$3.14; short GRVT: 3 payments, −$2.16.
- Watch: Gap narrower than usual−0.109% vs +0.027%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Short leg is thinner$1.1M vs $3.6M OIBoth legs are deep; GRVT is the smaller one.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- Watch: KYCBloFin Limited · GRVT NoNo ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0066%/8h × 21 periods−$13.78
Price spread−0.109% → +0.027% (7d avg)−$13.56
Slippage, 4 orderslive order books−$14.71
Fee BloFin bp × 2 orders−$12.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$63.05
Costs to cover0.357%Break-evennever at this rate
Slippage: BloFin: live order book, 4 min ago; GRVT: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBloFin0.317.5 bp−$814.4 bp−$144doesn’t fitdoesn’t fit
SELL · SHORTGRVT1.129.6 bp−$10doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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