Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 20.690 | +0.0446 | pay 0.0446% / 8h | 1h 44m | $915K | $1.7M | — | Long BingX | |
| SHORT | 20.653 | +0.0100 | get 0.0100% / 8h | 1h 44m | $2K | $105K | 10x | Short GRVT |
Price gap−0.180%
Funding gap−0.0346% /8h
Both sides work against this direction now: funding costs $10 a day on $10k and the gap is 0.147% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$4−0.0346% /8h now · paid −0.039% over the last 7D
Price−$15spread −0.180% now, avg −0.032% → −0.147% if it goes back
Costs−$380.382% of $10k · taker + slippage, in and out
Result−$57−0.57%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.039% in total, about −0.0019%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.180%
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
/8hKORU on 19 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Large against open interest7.4 / 11.7 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: −$10.38Long BingX: 3 payments, −$13.38; short GRVT: 3 payments, +$3.00.
- Watch: Gap narrower than usual−0.180% vs −0.032%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$2K vs $915K 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−0.0019%/8h × 21 periods−$3.91
Price spread−0.180% → −0.032% (7d avg)−$14.72
Slippage, 4 orderslive order books−$19.23
Fee BingX bp × 2 orders−$10.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$56.86
Costs to cover0.382%Break-evennever at this rate
Slippage: BingX: live order book, 6 min ago; GRVT: live order book, 52 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX2.427.4 bp−$77.4 bp−$7419.4 bp−$1,93574.4 bp−$37.2K
SELL · SHORTGRVT7.2011.7 bp−$1225.4 bp−$254doesn’t fitdoesn’t fit
Closing costs about the same again.