Funding arb · Price arb / Crypto
TRUMP
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.0931 | +0.0100 | pay 0.0050% / 4h | 3h 39m | $169K | $3.9M | 10x | Long GRVT | |
| SHORT | 2.0955 | +0.0096 | get 0.0012% / 1h | 39m 31s | $68K | $189K | 20x | Short Popdex |
Price gap+0.115%
Funding gap−0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$13 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$14−0.0004% /8h now · paid +0.138% over the last 7D
Price+$13spread +0.115% now, avg −0.018% → +0.133% if it goes back
Costs−$570.569% of $10k · taker + slippage, in and out
Result−$30−0.30%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Entry / ExitGRVT: thin, under $1M open interest · Popdex: thin, under $1M open interest
Price spread
Prices
Fundingper 8h
P&L
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.115%
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
/8hTRUMP on 33 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size15.2 / 15.4 bpAt $10k entering Popdex costs 15.4 bp, fee and slippage, 1.0× GRVT’s.
- Note: Margin at max leverage$1,000 + $500GRVT 10x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.12Long GRVT: 6 payments, −$3.00; short Popdex: 24 payments, +$2.88.
- OK: Entry gap works for you+0.115% vs −0.018%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$68K vs $169K OIPopdex 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 · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0073%/8h × 21 periods+$15.34
Price spread+0.115% → −0.018% (7d avg)+$13.32
Slippage, 4 orderslive order books−$41.54
Fee GRVT bp × 2 orders−$9.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$28.27
Costs to cover0.569%Break-even19.9 days
Slippage: GRVT: live order book, 5 min ago; Popdex: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT2.3815.2 bp−$1526.1 bp−$261doesn’t fitdoesn’t fit
SELL · SHORTPopdex2.6215.4 bp−$15142.3 bp−$1,423doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya
Phemex