Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 510.97 | +0.0050 | pay 0.0050% / 8h | 1h 44m | $927K | $1.7M | — | Long BingX | |
| SHORT | 510.91 | 0 | 0.0000% / 8h | 1h 44m | $613 | $108K | 10x | Short GRVT |
Price gap−0.012%69s
Funding gap−0.0050% /8h
Funding costs $2 a day on $10k at the current rate. Swap the legs.
The two prices were read 69 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−$11−0.0050% /8h now · paid −0.105% over the last 7D
Price—spread −0.012%69s now · prices read too far apart to compare
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs—+ Points / potential airdropGRVT: points · farm boardneeds both prices read together
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.012%
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
/8hAMAT on 17 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than GRVT’s order book right now.
- Note: Margin at max leverage— + $1,000BingX —, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$1.50Long BingX: 3 payments, −$1.50; short GRVT: 3 payments, $0.00.
- Watch: Prices read 69 s apart−0.012% vs −0.004%Part of this gap may be the market moving.
- Watch: Short leg is thinner$613 vs $927K OIGRVT sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- Watch: KYCBingX Yes · GRVT NoAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0050%/8h × 21 periods−$10.52
Price spreadprices read too far apart to compare—
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee BingX bp × 2 orders−$10.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k—
doesn’t fit the books at $10kprice spread not counted: prices read too far apartCosts to cover—Break-even—
Slippage: BingX: live order book, 6 min ago; GRVT: live order book, 16 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.108.5 bp−$822.5 bp−$22581.7 bp−$8,167505.3 bp−$252.6K
SELL · SHORTGRVT2.53doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.