Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1770 | +0.0100 | pay 0.0050% / 4h | 1h 33m | $205K | $339K | 10x | Long GRVT | |
| SHORT | 0.1764 | −0.0176 | pay 0.0022% / 1h | 33m 42s | $302K | $52K | 25x | Short TxFlow5% off |
Price gap−0.326%
Funding gap−0.0276% /8h
Both sides work against this direction now: funding costs $8 a day on $10k and the gap is 0.181% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$56−0.0276% /8h now · paid −0.559% over the last 7D
Price−$18spread −0.326% now, avg −0.146% → −0.181% if it goes back
Costs−$530.534% of $10k · taker + slippage, in and out
Result−$127−1.27%+ Points / potential airdropGRVT: points · TxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / 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−0.326%
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 32 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size20.2 / 7.3 bpAt $10k entering GRVT costs 20.2 bp, fee and slippage, 2.8× TxFlow’s.
- Note: Margin at max leverage$1,000 + $400GRVT 10x, TxFlow 25x. 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: −$8.29Long GRVT: 6 payments, −$3.00; short TxFlow: 24 payments, −$5.29.
- Watch: Gap narrower than usual−0.326% vs −0.146%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$205K vs $302K OIGRVT sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT points · TxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legGRVT No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0266%/8h × 21 periods−$55.88
Price spread−0.326% → −0.146% (7d avg)−$18.07
Slippage, 4 orderslive order books−$35.38
Fee GRVT bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$127.32
Costs to cover0.534%Break-evennever at this rate
Slippage: GRVT: live order book, 18 min ago; TxFlow: live order book, 18 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT2.8220.2 bp−$2041.3 bp−$413doesn’t fitdoesn’t fit
SELL · SHORTTxFlow2.827.3 bp−$713.4 bp−$13466.4 bp−$6,639doesn’t fit
Closing costs about the same again.
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