Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 640.88 | 0 | 0.0000% / 8h | 5h 54m | $13K | $468K | 10x | Long GRVT | |
| SHORT | 640.50 | +0.0050 | get 0.0006% / 1h | 54m 45s | $788K | $44K | 10x | Short Backpack |
Price gap−0.059%63s
Funding gap+0.0050% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.022% above its 7d average: +$2 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$54+0.0050% /8h now · paid +0.545% over the last 7D
Price—spread −0.059%63s now · prices read too far apart to compare
Costs−$280.275% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / 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−0.059%
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
/8hMETA on 44 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Large against open interest7.5 / 5.7 bp$10k is over 10% of GRVT’s open interest.
- Note: Margin at max leverage$1,000 + $1,000GRVT 10x, Backpack 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$1.50Long GRVT: 3 payments, $0.00; short Backpack: 24 payments, +$1.50.
- Watch: Prices read 63 s apart−0.059% vs −0.081%Part of this gap may be the market moving.
- Watch: Long leg is thinner$13K vs $788K OIGRVT sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- Watch: KYCGRVT No · Backpack YesKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0259%/8h × 21 periods+$54.49
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$8.51
Fee GRVT bp × 2 orders−$9.00
Fee Backpack bp × 2 orders−$10.00
Net · 7 days · $10k+$26.98
price spread not counted: prices read too far apartCosts to cover0.275%Break-even3.5 days
Slippage: GRVT: live order book, 34 min ago; Backpack: live order book, 35 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT0.787.5 bp−$716.5 bp−$16539426.0 bp−$3.94Mdoesn’t fit
SELL · SHORTBackpack0.085.7 bp−$644.8 bp−$448doesn’t fitdoesn’t fit
Closing costs about the same again.
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