Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 9.0952 | +0.0100 | pay 0.0100% / 8h | 2h 26m | $681K | $2.3M | 10x | Long GRVT | |
| SHORT | 9.1357 | −0.2447 | pay 0.0306% / 1h | 26m 45s | $14K | $107K | 20x | Short Bullet |
Price gap+0.445%
Funding gap−0.2547% /8h
The gap pays +$46 on $10k if it goes back to its 7d average, but funding costs $76 a day and eats that in about 15 hours. At the last 7 days' pace that is about 19 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$16−0.2547% /8h now · paid −0.157% over the last 7D
Price+$46spread +0.445% now, avg −0.019% → +0.465% if it goes back
Costs−$370.366% of $10k · taker + slippage, in and out
Result−$6−0.06%+ 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 −0.157% in total, about −0.0083%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.445%
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
/8hUNI on 41 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Large against open interest12.6 / 6.4 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$1,000 + $500GRVT 10x, Bullet 20x. 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: −$76.41Long GRVT: 3 payments, −$3.00; short Bullet: 24 payments, −$73.41.
- OK: Entry gap works for you+0.445% vs −0.019%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$14K vs $681K OIBullet 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 · Bullet NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0083%/8h × 21 periods−$17.43
Price spread+0.445% → −0.019% (7d avg)+$46.47
Slippage, 4 orderslive order books−$19.65
Fee GRVT bp × 2 orders−$9.00
Fee Bullet bp × 2 orders−$8.00
Net · 7 days · $10k−$7.60
Costs to cover0.366%Break-evenfrom the start
Slippage: GRVT: live order book, 1 min ago; Bullet: live order book, 56 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT2.7412.6 bp−$1320.1 bp−$2013927.1 bp−$392.7Kdoesn’t fit
SELL · SHORTBullet1.726.4 bp−$610.0 bp−$100doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | UNIRUSDPERP no longer reported ($UNI) seen by our collector |
| 09-28 15:17 | OKX | Other | New X Drops just went live in Europe. Trade XDP, HYPE, TAO, LINK, PUMP, UNI, LTC, DOGE, FET, or AAVE for a share of 23M $XDP. $XDP trades get a 3× boost. @okx on X ↗ |
| 09-24 14:32 | Bullet | Listing | By popular demand, $UNI perps are now live on Bullet. 24/7. Up to 10x leverage. On @solana - at the speed of light. @Bulletxyz on X ↗ |
| 09-24 08:00 | HTX | Listing | 🐂Bitcoin Is Pumping, UNI Is Soaring! I Smell a Bull Run! HTX Margin Autumn Craze is now live: 10 popular cryptos, including UNI & BTC, are counted 3x toward your trading volume. Win an iPhone Duo and more. Save up to 50% on your trading fees! Autumn rally won't wait, & neither will the rewards. Join now 👉 @HTX_Global on X ↗ |
| 09-24 06:34 | Bullet | Listing | new market UNI-USD ($UNI) seen by our collector |
| 09-23 20:32 | BingX | Other | $UNI just ripped nearly 50% in a week 👀 Burns, regulatory tailwinds, RWA momentum & Robinhood Chain are adding fuel. Think there’s more in the tank? Trade $UNI 👇 @BingXOfficial on X ↗ |


OKX
HTX
BingX