Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004000 | L +0.0257S −0.0252 | pay 0.0032% / 1h | 59m 49s | $19K | $54K | 50x | Long GMX5% off | |
| SHORT | 0.000004282 | +0.0100 | get 0.0100% / 8h | 7h 59m | $990K | $2.5M | 10x | Short GRVT |
Price gap+7.040%
Funding gap−0.0157% /8h
The gap pays +$704 on $10k if it goes back to zero (no 7-day history yet), but funding costs $5 a day and eats that in about 5 months.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$18−0.0157% /8h now · paid −0.180% over the last 7D
Price—spread +7.040% now · no price history on both exchanges yet
Costsno datano order book for GMX
Result, before costs—+ Points / potential airdropGRVT: points · farm boardneeds both price histories
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+7.040%
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 38 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Note: Order book unknown—No order-book sample for GMX: its slippage is not counted.
- Note: Margin at max leverage$200 + $1,000GMX 50x, 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: −$4.70Long GMX: 24 payments, −$7.70; short GRVT: 3 payments, +$3.00.
- Note: No 7-day spread history+7.040%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$19K vs $990K OIGMX 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 legGMX No · GRVT NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0086%/8h × 21 periods−$17.98
Price spread+7.040% → 0+$704.00
Slippage, 4 ordersno data for GMX—
Fee GMX bp × 2 orders−$12.00
Fee GRVT bp × 2 orders−$9.00
Net, fees only · 7 days · $10k+$665.02
Costs to cover0.210%Break-evenfrom the start
Slippage: GMX: no order-book sample; GRVT: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGMX—————
SELL · SHORTGRVT1.056.7 bp−$710.9 bp−$109doesn’t fitdoesn’t fit
Closing costs about the same again.
GMX: no data.
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