Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 960.63 | +0.0053 | pay 0.0053% / 8h | 1h 45m | $995K | $1.7M | — | Long BingX | |
| SHORT | 957.63 | 0 | 0.0000% / 8h | 1h 45m | $460 | $183K | 10x | Short GRVT |
Price gap−0.312%
Funding gap−0.0053% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.311% 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−$4−0.0053% /8h now · paid −0.041% over the last 7D
Price−$31spread −0.312% now, avg −0.001% → −0.311% if it goes back
Costs−$280.280% of $10k · taker + slippage, in and out
Result−$63−0.63%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.312%
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
/8hLITE on 29 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Large against open interest5.1 / 9.1 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: −$1.59Long BingX: 3 payments, −$1.59; short GRVT: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.312% vs −0.001%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$460 vs $995K 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−$4.06
Price spread−0.312% → −0.001% (7d avg)−$31.10
Slippage, 4 orderslive order books−$8.99
Fee BingX bp × 2 orders−$10.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$63.15
Costs to cover0.280%Break-evennever at this rate
Slippage: BingX: live order book, 6 min ago; GRVT: live order book, 16 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.055.1 bp−$59.5 bp−$9559.0 bp−$5,895170.4 bp−$85.2K
SELL · SHORTGRVT2.199.1 bp−$9doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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