Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004519 | +0.0485 | pay 0.0061% / 1h | 51m 38s | $6K | $372K | 10x | Long SoDEX | |
| SHORT | 0.000004516 | +0.0100 | get 0.0100% / 8h | 7h 51m | $1.0M | $3.2M | 10x | Short GRVT |
Price gap−0.059%
Funding gap−0.0385% /8h
Both sides work against this direction now: funding costs $12 a day on $10k and the gap is 0.068% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1−0.0385% /8h now · paid −0.005% over the last 7D
Price−$7spread −0.059% now, avg +0.009% → −0.068% if it goes back
Costs−$470.472% of $10k · taker + slippage, in and out
Result−$55−0.55%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.005% in total, about −0.0002%/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−0.059%
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 interest12.9 / 9.4 bp$10k is over 10% of SoDEX’s open interest.
- Note: Margin at max leverage$1,000 + $1,000SoDEX 10x, 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: −$11.56Long SoDEX: 24 payments, −$14.56; short GRVT: 3 payments, +$3.00.
- Watch: Gap narrower than usual−0.059% vs +0.009%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$6K vs $1.0M 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 legSoDEX No · GRVT NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0002%/8h × 21 periods−$0.51
Price spread−0.059% → +0.009% (7d avg)−$6.81
Slippage, 4 orderslive order books−$30.25
Fee SoDEX bp × 2 orders−$8.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$54.57
Costs to cover0.472%Break-evennever at this rate
Slippage: SoDEX: live order book, 31 min ago; GRVT: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSoDEX1.1012.9 bp−$13doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTGRVT2.219.4 bp−$9doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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