Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1184 | +0.0100 | pay 0.0050% / 4h | 3h 35m | $1.2M | $1.5M | 50x | Long Phemex | |
| SHORT | 0.1186 | −0.0084 | pay 0.0042% / 4h | 3h 35m | $1.1M | $3.1M | 10x | Short GRVT |
Price gap+0.155%
Funding gap−0.0184% /8h
The gap pays +$16 on $10k if it goes back to its 7d average, but funding costs $6 a day and eats that in about 3.0 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$21−0.0184% /8h now · paid −0.214% over the last 6 days (all we have)
Price+$16spread +0.155% now, avg −0.008% → +0.163% if it goes back
Costs−$1081.080% of $10k · taker + slippage, in and out
Result−$113−1.13%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
GRVT price against Phemexnow
RANGE STATS · 7D
Now+0.155%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPOL on 26 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Watch: Thin at this size37.0 / 17.4 bpAt $10k entering Phemex costs 37.0 bp, fee and slippage, 2.1× GRVT’s.
- Note: Margin at max leverage$200 + $1,000Phemex 50x, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$5.52Long Phemex: 6 payments, −$3.00; short GRVT: 6 payments, −$2.52.
- OK: Entry gap works for you+0.155% vs −0.008%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Short leg is thinner$1.1M vs $1.2M OIBoth legs are deep; GRVT is the smaller one.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- Watch: KYCPhemex Yes · GRVT NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0130%/8h × 21 periods−$27.20
Price spread+0.155% → −0.008% (7d avg)+$16.29
Slippage, 4 orderslive order books−$86.97
Fee Phemex bp × 2 orders−$12.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$118.87
Costs to cover1.080%Break-evennever at this rate
Slippage: Phemex: live order book, 3 min ago; GRVT: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex4.2137.0 bp−$37doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTGRVT1.6917.4 bp−$1740.9 bp−$409doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | Reya | Listing | POLRUSDPERP no longer reported ($POL) seen by our collector |
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