Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004573 | +0.0100 | pay 0.0100% / 8h | 6h 59m | $1.1M | $3.2M | 10x | Long GRVT | |
| SHORT | 0.000004593 | +0.0945 | get 0.0118% / 1h | 59m 20s | $80K | $1.5M | 15x | Short Backpack |
Price gap+0.438%
Funding gap+0.0845% /8h
Both sides work: funding pays +$25 a day on $10k, and the gap is 0.480% above its 7d average: +$48 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$46+0.0845% /8h now · paid +0.459% over the last 7D
Price+$48spread +0.438% now, avg −0.042% → +0.480% if it goes back
Costs−$540.541% of $10k · taker + slippage, in and out
Result+$40+0.40%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.459% in total, about +0.0219%/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+0.438%
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
2 ok · 4 to watch- Watch: Thin at this size16.4 / 7.1 bpAt $10k entering GRVT costs 16.4 bp, fee and slippage, 2.3× Backpack’s.
- Note: Margin at max leverage$1,000 + $667GRVT 10x, Backpack 15x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$25.35Long GRVT: 3 payments, −$3.00; short Backpack: 24 payments, +$28.35.
- OK: Entry gap works for you+0.438% vs −0.042%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$80K vs $1.1M OIBackpack sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- Watch: KYCGRVT No · Backpack YesKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0219%/8h × 21 periods+$45.89
Price spread+0.438% → −0.042% (7d avg)+$48.04
Slippage, 4 orderslive order books−$35.14
Fee GRVT bp × 2 orders−$9.00
Fee Backpack bp × 2 orders−$10.00
Net · 7 days · $10k+$39.80
Costs to cover0.541%Break-even0.9 days
Slippage: GRVT: live order book, 3 min ago; Backpack: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT3.8116.4 bp−$1630868.2 bp−$308.7Kdoesn’t fitdoesn’t fit
SELL · SHORTBackpack0.117.1 bp−$7doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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