Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5395 | +0.0100 | pay 0.0100% / 8h | 7h 37m | $476K | $829K | 10x | Long GRVT | |
| SHORT | 0.5390 | +0.0096 | get 0.0012% / 1h | 37m 32s | $88K | $505K | 20x | Short Popdex |
Price gap−0.094%
Funding gap−0.0004% /8h
Funding is ≈ 0 and the gap is 0.033% under its 7d average: the price leg works against you, −$3 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$3−0.0004% /8h now · paid −0.030% over the last 7D
Price−$3spread −0.094% now, avg −0.061% → −0.033% if it goes back
Costs−$560.564% of $10k · taker + slippage, in and out
Result−$63−0.63%+ 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−0.094%
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
/8hWLD on 39 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size15.8 / 14.2 bpAt $10k entering GRVT costs 15.8 bp, fee and slippage, 1.1× Popdex’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 differ8h / 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: 3 payments, −$3.00; short Popdex: 24 payments, +$2.88.
- Watch: Gap narrower than usual−0.094% vs −0.061%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$88K vs $476K 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−0.0016%/8h × 21 periods−$3.33
Price spread−0.094% → −0.061% (7d avg)−$3.29
Slippage, 4 orderslive order books−$41.03
Fee GRVT bp × 2 orders−$9.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$63.06
Costs to cover0.564%Break-evennever at this rate
Slippage: GRVT: live order book, 6 min ago; Popdex: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT0.9315.8 bp−$1626.6 bp−$2663385.3 bp−$338.5Kdoesn’t fit
SELL · SHORTPopdex1.4914.2 bp−$14119.5 bp−$1,195doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya