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 57m | $1.1M | $3.2M | 10x | Long GRVT | |
| SHORT | 0.000004600 | +0.0403 | get 0.0050% / 1h | 57m 53s | $251K | $27.6M | 25x | Short Deribit |
Price gap+0.585%62s
Funding gap+0.0303% /8h
Both sides work: funding pays +$9 a day on $10k, and the gap is 0.683% above its 7d average: +$68 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$2+0.0303% /8h now · paid −0.020% over the last 7D
Price—spread +0.585%62s now · prices read too far apart to compare
Costs−$580.582% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.020% in total, about −0.0010%/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+0.585%
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
1 ok · 5 to watch- Watch: Thin at this size16.4 / 13.8 bpAt $10k entering GRVT costs 16.4 bp, fee and slippage, 1.2× Deribit’s.
- Note: Margin at max leverage$1,000 + $400GRVT 10x, Deribit 25x. 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: +$9.08Long GRVT: 3 payments, −$3.00; short Deribit: 24 payments, +$12.08.
- Watch: Prices read 62 s apart+0.585% vs −0.098%Part of this gap may be the market moving.
- Watch: Short leg is thinner$251K vs $1.1M OIDeribit sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- Watch: KYCGRVT No · Deribit YesID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0010%/8h × 21 periods−$2.02
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$42.21
Fee GRVT bp × 2 orders−$9.00
Fee Deribit bp × 2 orders−$7.00
Net · 7 days · $10k−$60.23
price spread not counted: prices read too far apartCosts to cover0.582%Break-evennever at this rate
Slippage: GRVT: live order book, 5 min ago; Deribit: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT3.8116.4 bp−$1630868.2 bp−$308.7Kdoesn’t fitdoesn’t fit
SELL · SHORTDeribit6.5413.8 bp−$1424.7 bp−$247doesn’t fitdoesn’t fit
Closing costs about the same again.
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