Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004508 | L +0.0318S +0.0046 | pay 0.0040% / 1h | 51m 46s | $3K | $366K | 150x | Long gTrade (Gains Network) | |
| SHORT | 0.000004516 | +0.0100 | get 0.0100% / 8h | 7h 51m | $1.0M | $3.2M | 10x | Short GRVT |
Price gap+0.178%
Funding gap−0.0218% /8h
The gap pays +$6 on $10k if it goes back to its 7d average, but funding costs $7 a day and eats that in about 22 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$46−0.0218% /8h now · paid −0.463% over the last 7D
Price+$6spread +0.178% now, avg +0.120% → +0.059% if it goes back
Costs−$3223.221% of $10k · taker + slippage, in and out
Result−$363−3.63%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.178%
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- Watch: Thin at this size165.1 / 9.4 bpAt $10k entering gTrade (Gains Network) costs 165.1 bp, fee and slippage, 17.6× GRVT’s.
- Note: Margin at max leverage$67 + $1,000gTrade (Gains Network) 150x, 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: −$6.54Long gTrade (Gains Network): 24 payments, −$9.54; short GRVT: 3 payments, +$3.00.
- OK: Entry gap works for you+0.178% vs +0.120%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$3K vs $1.0M OIgTrade (Gains Network) sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- OK: No KYC on either leggTrade (Gains Network) No · GRVT NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0220%/8h × 21 periods−$46.30
Price spread+0.178% → +0.120% (7d avg)+$5.88
Slippage, 4 orderslive order books−$303.11
Fee gTrade (Gains Network) bp × 2 orders−$10.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$362.53
Costs to cover3.221%Break-evennever at this rate
Slippage: gTrade (Gains Network): virtual book (oracle exchange), 56 min ago; GRVT: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGgTrade (Gains Network)130.13165.1 bp−$1651207.2 bp−$12.1K12452.7 bp−$1.25Mdoesn’t fit
SELL · SHORTGRVT2.219.4 bp−$9doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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