HYUNDAI

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKHYUNDAI2USD-USDT	255.81	+0.0968	pay 0.0484% / 4h	2h 41m	$906K	$1.2M	—	Long BingX
SHORT	GRVTHYUNDAI_USDT_Perp	255.92	+0.1196	get 0.0598% / 4h	2h 41m	$1K	$119K	10x	Short GRVT

Price gap+0.043%

Funding gap+0.0228% /8h

Both sides work: funding pays +$7 a day on $10k, and the gap is 0.031% above its 7d average: +$3 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$5+0.0228% /8h now · paid −0.053% over the last 7D

Price+$3spread +0.043% now, avg +0.012% → +0.031% if it goes back

Costsdoesn’t fit$10k a leg is deeper than the books hold

Result, before costs−$2−0.02%+ Points / potential airdropGRVT: points · farm boardcosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.053% in total, about −0.0025%/8h on average.

Price and funding

1h · history

Entry / 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+0.043%

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

/8h

HYUNDAI on 13 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

Watch: Thin at this size25.1 / 19.9 bp
At $10k entering BingX costs 25.1 bp, fee and slippage, 1.3× GRVT’s.
Note: Margin at max leverage— + $1,000
BingX —, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval4h / 4h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$6.84Long BingX: 6 payments, −$29.04; short GRVT: 6 payments, +$35.88.
OK: Entry gap works for you+0.043% vs +0.012%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$1K vs $906K OI
GRVT sets your exit cost. Check its book before closing.
OK: Points on a legGRVT points
Volume here counts toward the points program.
Watch: KYCBingX Yes · GRVT No
Advanced 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 out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0025%/8h × 21 periods−$5.30

Price spread+0.043% → +0.012% (7d avg)+$3.15

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 $10k

Costs to cover—Break-even—

Slippage: BingX: live order book, 2 min ago; GRVT: live order book, 42 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX6.2625.1 bp−$2588.9 bp−$889334.8 bp−$33.5K831.6 bp−$415.8K

SELL · SHORTGRVT4.5219.9 bp−$20doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.