Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2568 | +0.0100 | pay 0.0050% / 4h | 2h 26m | $285K | $353K | 10x | Long GRVT | |
| SHORT | 0.2577 | +0.0100 | get 0.0050% / 4h | 2h 26m | $1.8M | $2.2M | 50x | Short Phemex |
Price gap+0.350%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$32 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+$10.0000% /8h now · paid +0.005% over the last 7D
Price+$32spread +0.350% now, avg +0.026% → +0.324% if it goes back
Costs−$1511.505% of $10k · taker + slippage, in and out
Result−$118−1.18%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.350%
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
/8hWIF on 33 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size31.9 / 47.0 bpAt $10k entering Phemex costs 47.0 bp, fee and slippage, 1.5× GRVT’s.
- Note: Margin at max leverage$1,000 + $200GRVT 10x, Phemex 50x. 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: $0.00Long GRVT: 6 payments, −$3.00; short Phemex: 6 payments, +$3.00.
- OK: Entry gap works for you+0.350% vs +0.026%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$285K vs $1.8M OIGRVT sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- Watch: KYCGRVT No · Phemex YesKYC 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+0.0002%/8h × 21 periods+$0.50
Price spread+0.350% → +0.026% (7d avg)+$32.40
Slippage, 4 orderslive order books−$129.52
Fee GRVT bp × 2 orders−$9.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$117.61
Costs to cover1.505%Break-even1653.6 days
Slippage: GRVT: live order book, 40 min ago; Phemex: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT5.8231.9 bp−$3251.3 bp−$513doesn’t fitdoesn’t fit
SELL · SHORTPhemex11.7047.0 bp−$47169.6 bp−$1,696doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | WIFRUSDPERP no longer reported ($WIF) seen by our collector |
| 09-23 12:07 | Phemex | Listing | 🚀 New listing: $WIF Perps (@dogwifcoin) $WIF/USDT futures are now live on Phemex with up to 20x leverage. 🔗 Trade here: @Phemex_official on X ↗ |
| 09-23 09:31 | Phemex | Listing | new market WIFUSDT ($WIF) seen by our collector |
| 09-22 07:03 | ApeX Omni | Other | 59 up, 26 down on the ApeX board, median name +2.5%. Memecoins swept it: ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933 +25.9%, $BONK +20.5%, $WIF +20.1%, with $TAO +18.2%. $AR -15.0% is the only real casualty. This is what a short squeeze looks like on day two. @OfficialApeXdex on X ↗ |
Reya
ApeX Omni