Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004978 | −0.0512 | get 0.0064% / 1h | 10m 46s | $197K | $481K | 25x | Long Extended10% off | |
| SHORT | 0.000004967 | −0.1217 | pay 0.1217% / 8h | 6h 10m | $1.2M | $2.6M | 10x | Short GRVT |
Price gap−0.238%59s
Funding gap−0.0705% /8h
Both sides work against this direction now: funding costs $21 a day on $10k and the gap is 0.405% 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+$14−0.0705% /8h now · paid +0.140% over the last 7D
Price—spread −0.238%59s now · prices read too far apart to compare
Costs−$310.309% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropExtended: points · GRVT: points · farm boardneeds both prices read together
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.140% in total, about +0.0067%/8h on average.
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−0.238%
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 · 3 to watch- OK: Fits both order books7.4 / 7.9 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$400 + $1,000Extended 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: −$21.15Long Extended: 24 payments, +$15.36; short GRVT: 3 payments, −$36.51.
- Watch: Prices read 59 s apart−0.238% vs +0.167%Part of this gap may be the market moving.
- Watch: Long leg is thinner$197K vs $1.2M OIExtended sets your exit cost. Check its book before closing.
- OK: Points on a legExtended points · GRVT pointsVolume here counts toward the points program.
- OK: No KYC on either legExtended No · GRVT NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0067%/8h × 21 periods+$14.00
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$16.86
Fee Extended bp × 2 orders−$5.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$16.86
price spread not counted: prices read too far apartCosts to cover0.309%Break-even15.4 days
Slippage: Extended: live order book, 37 min ago; GRVT: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended4.917.4 bp−$722.5 bp−$225doesn’t fitdoesn’t fit
SELL · SHORTGRVT2.117.9 bp−$8doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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