Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000005024 | +0.0100 | pay 0.0100% / 8h | 2h 46m | $1.2M | $2.8M | 10x | Long GRVT | |
| SHORT | 0.000005001 | +0.1827 | get 0.0228% / 1h | 46m 03s | $3K | $431K | 10x | Short SoDEX |
Price gap−0.460%62s
Funding gap+0.1727% /8h
Funding pays +$52 a day on $10k, but the gap is 0.448% under its 7d average: −$45 if it goes back, about 21 hours of funding. At the last 7 days' pace that is about 4 months.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$2+0.1727% /8h now · paid +0.025% over the last 7D
Price—spread −0.460%62s now · prices read too far apart to compare
Costs−$470.473% 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 +0.025% in total, about +0.0012%/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−0.460%
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: Large against open interest11.2 / 13.8 bp$10k is over 10% of SoDEX’s open interest.
- Note: Margin at max leverage$1,000 + $1,000GRVT 10x, SoDEX 10x. 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: +$51.80Long GRVT: 3 payments, −$3.00; short SoDEX: 24 payments, +$54.80.
- Watch: Prices read 62 s apart−0.460% vs −0.012%Part of this gap may be the market moving.
- Watch: Short leg is thinner$3K vs $1.2M OISoDEX 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 legGRVT No · SoDEX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0012%/8h × 21 periods+$2.47
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$30.32
Fee GRVT bp × 2 orders−$9.00
Fee SoDEX bp × 2 orders−$8.00
Net · 7 days · $10k−$44.85
price spread not counted: prices read too far apartCosts to cover0.473%Break-even133.9 days
Slippage: GRVT: live order book, 2 min ago; SoDEX: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT2.0911.2 bp−$113654.8 bp−$36.5Kdoesn’t fitdoesn’t fit
SELL · SHORTSoDEX1.9913.8 bp−$14doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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