VIRTUAL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GRVTVIRTUAL_USDT_Perp	0.5562	−0.0214	get 0.0107% / 4h	2h 59m	$478K	$915K	10x	Long GRVT
SHORT	TxFlowVIRTUAL-USDC	0.5566	−0.0429	pay 0.0054% / 1h	59m 31s	$20K	$215K	50x	Short TxFlow5% off

Price gap+0.072%

Funding gap−0.0215% /8h

The gap pays +$20 on $10k if it goes back to its 7d average, but funding costs $6 a day and eats that in about 3.1 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$30−0.0215% /8h now · paid −0.296% over the last 7D

Price+$20spread +0.072% now, avg −0.125% → +0.197% if it goes back

Costs−$480.476% of $10k · taker + slippage, in and out

Result−$57−0.57%+ Points / potential airdropGRVT: points · TxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / 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+0.072%

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

/8h

VIRTUAL on 33 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

Watch: Thin at this size9.5 / 15.9 bp
At $10k entering TxFlow costs 15.9 bp, fee and slippage, 1.7× GRVT’s.
Note: Margin at max leverage$1,000 + $200
GRVT 10x, TxFlow 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$6.45Long GRVT: 6 payments, +$6.42; short TxFlow: 24 payments, −$12.87.
OK: Entry gap works for you+0.072% vs −0.125%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$20K vs $478K OI
TxFlow sets your exit cost. Check its book before closing.
OK: Points on a legGRVT points · TxFlow points
Volume here counts toward the points program.
OK: No KYC on either legGRVT No · TxFlow No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0141%/8h × 21 periods−$29.64

Price spread+0.072% → −0.125% (7d avg)+$19.73

Slippage, 4 orderslive order books−$29.57

Fee GRVT bp × 2 orders−$9.00

Fee TxFlow bp × 2 orders−$9.00

Net · 7 days · $10k−$57.48

Costs to cover0.476%Break-evennever at this rate

Slippage: GRVT: live order book, 28 min ago; TxFlow: live order book, 22 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGGRVT2.749.5 bp−$9338.4 bp−$3,384doesn’t fitdoesn’t fit

SELL · SHORTTxFlow1.8115.9 bp−$1640.8 bp−$408doesn’t fitdoesn’t fit

Closing costs about the same again.