Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.005678 | +0.0100 | pay 0.0013% / 1h | 30m 38s | $65K | $366K | 10x | Long Bulk | |
| SHORT | 0.005695 | L +0.0296S −0.0938 | get 0.0117% / 1h | 30m 38s | $15K | $131K | 150x | Short gTrade (Gains Network) |
Price gap+0.306%48s
Funding gap+0.0838% /8h
Both sides work: funding pays +$25 a day on $10k, and the gap is 0.306% above its 7d average: +$31 more if it goes back.
Funding on this pair cost 0.102% over the last 7 days: the rate has only just turned. The two prices were read 48 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$10+0.0838% /8h now · paid −0.102% over the last 6 days (all we have)
Price—spread +0.306%48s now · prices read too far apart to compare
Costs−$4504.499% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
The current funding rate is far above what this pair has been paying: over the last 6 days it paid −0.102% in total, about −0.0056%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.306%
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
/8hPUMP on 43 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size7.5 / 223.5 bpAt $10k entering gTrade (Gains Network) costs 223.5 bp, fee and slippage, 29.7× Bulk’s.
- Note: Margin at max leverage$1,000 + $67Bulk 10x, gTrade (Gains Network) 150x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$25.13Long Bulk: 24 payments, −$3.00; short gTrade (Gains Network): 24 payments, +$28.13.
- Watch: Prices read 48 s apart+0.306% vs +0.001%Part of this gap may be the market moving.
- Watch: Short leg is thinner$15K vs $65K OIgTrade (Gains Network) sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legBulk No · gTrade (Gains Network) NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0056%/8h × 21 periods−$11.73
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$432.94
Fee Bulk bp × 2 orders−$7.00
Fee gTrade (Gains Network) bp × 2 orders−$10.00
Net · 7 days · $10k−$461.67
price spread not counted: prices read too far apartCosts to cover4.499%Break-evennever at this rate
Slippage: Bulk: live order book, 37 min ago; gTrade (Gains Network): virtual book (oracle exchange), 37 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBulk4.047.5 bp−$810.1 bp−$101doesn’t fitdoesn’t fit
SELL · SHORTgTrade (Gains Network)130.01223.5 bp−$2234650.3 bp−$46.5Kdoesn’t fitdoesn’t fit
Closing costs about the same again.
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