Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000005004 | −0.1115 | get 0.1115% / 8h | 5h 28m | $1.2M | $2.7M | 10x | Long GRVT | |
| SHORT | 0.000004992 | −0.0664 | pay 0.0083% / 1h | 28m 58s | $198K | $481K | 25x | Short Extended10% off |
Price gap−0.235%
Funding gap+0.0451% /8h
Funding pays +$14 a day on $10k, but the gap is 0.070% under its 7d average: −$7 if it goes back, about 12 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$15+0.0451% /8h now · paid −0.148% over the last 7D
Price−$7spread −0.235% now, avg −0.166% → −0.070% if it goes back
Costs−$300.301% of $10k · taker + slippage, in and out
Result−$52−0.52%+ Points / potential airdropGRVT: points · Extended: 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 −0.148% in total, about −0.0071%/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−0.235%
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 books8.6 / 7.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $400GRVT 10x, Extended 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: +$13.53Long GRVT: 3 payments, +$33.45; short Extended: 24 payments, −$19.92.
- Watch: Gap narrower than usual−0.235% vs −0.166%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$198K vs $1.2M OIExtended sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT points · Extended pointsVolume here counts toward the points program.
- OK: No KYC on either legGRVT No · Extended NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0071%/8h × 21 periods−$14.81
Price spread−0.235% → −0.166% (7d avg)−$6.96
Slippage, 4 orderslive order books−$16.10
Fee GRVT bp × 2 orders−$9.00
Fee Extended bp × 2 orders−$5.00
Net · 7 days · $10k−$51.87
Costs to cover0.301%Break-evennever at this rate
Slippage: GRVT: live order book, 4 min ago; Extended: live order book, 13 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT1.208.6 bp−$91670.3 bp−$16.7Kdoesn’t fitdoesn’t fit
SELL · SHORTExtended5.017.5 bp−$824.3 bp−$243doesn’t fitdoesn’t fit
Closing costs about the same again.
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