Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5439 | −0.0096 | get 0.0012% / 1h | 58m 11s | $90K | $501K | 20x | Long Popdex | |
| SHORT | 0.5439 | +0.0100 | get 0.0100% / 8h | 6h 58m | $480K | $818K | 10x | Short GRVT |
Price gap0.000%60s
Funding gap+0.0196% /8h
Funding pays +$6 a day on $10k, but the gap is 0.061% under its 7d average: −$6 if it goes back, about 25 hours of funding. At the last 7 days' pace that is about 13 days.
The two prices were read 60 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$3+0.0196% /8h now · paid +0.030% over the last 7D
Price—spread 0.000%60s now · prices read too far apart to compare
Costs−$540.541% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.030% in total, about +0.0016%/8h on average.
Price and funding
1h · loading 5m…Entry / ExitPopdex: thin, under $1M open interest · GRVT: thin, under $1M open interest
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
Now0.000%
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 size17.0 / 13.1 bpAt $10k entering Popdex costs 17.0 bp, fee and slippage, 1.3× GRVT’s.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$5.88Long Popdex: 24 payments, +$2.88; short GRVT: 3 payments, +$3.00.
- Watch: Prices read 60 s apart0.000% vs +0.061%Part of this gap may be the market moving.
- Watch: Long leg is thinner$90K vs $480K 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 legPopdex No · GRVT 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+$3.32
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$38.69
Fee Popdex bp × 2 orders−$6.40
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$50.78
price spread not counted: prices read too far apartCosts to cover0.541%Break-even114.2 days
Slippage: Popdex: live order book, 40 min ago; GRVT: live order book, 40 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex4.8217.0 bp−$17119.6 bp−$1,196doesn’t fitdoesn’t fit
SELL · SHORTGRVT1.8513.1 bp−$1329.2 bp−$292doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya