Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 547.41 | −0.0050 | get 0.0050% / 8h | 2h 26m | $981K | $1.7M | — | Long BingX | |
| SHORT | 548.06 | 0 | 0.0000% / 8h | 2h 26m | $2K | $119K | 10x | Short GRVT |
Price gap+0.119%54s
Funding gap+0.0050% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.132% above its 7d average: +$13 more if it goes back.
The two prices were read 54 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−$1+0.0050% /8h now · paid −0.008% over the last 7D
Price—spread +0.119%54s now · prices read too far apart to compare
Costs−$360.360% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.119%
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
/8hDELL on 22 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Large against open interest5.3 / 10.8 bp$10k is over 10% of GRVT’s open interest.
- 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 54 s apart+0.119% vs −0.013%Part of this gap may be the market moving.
- Watch: Short leg is thinner$2K vs $981K 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−0.0004%/8h × 21 periods−$0.77
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$16.99
Fee BingX bp × 2 orders−$10.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$36.76
price spread not counted: prices read too far apartCosts to cover0.360%Break-evennever at this rate
Slippage: BingX: live order book, 14 min ago; GRVT: live order book, 39 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.095.3 bp−$513.8 bp−$13857.1 bp−$5,711283.6 bp−$141.8K
SELL · SHORTGRVT1.7410.8 bp−$11doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-18 17:43 | Avantis | Other | AI infra. $ARM — AGI CPU upside, or competing with the licensees who pay the royalties? $DELL — AI server winner, or custom racks eating the margin? $WDC — pricing power that's structurally re-rated, or peak-cycle earnings on a multiple that assumes it never breaks? $LITE — OCS and in-rack optics expanding the TAM, or a supply-constrained component vendor with three customers? $NBIS — Meta-scale neocloud winner, or thin-margin GPU landlord? $IREN — miner→AI cloud with real MW, or leveraged GPU financing? $BE — fuel cells unlocking AI power, or a multiple that needs a broken grid? @verantaxyz on X ↗ |
Avantis