Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 32.060 | +0.0048 | pay 0.0006% / 1h | 24m 07s | $104K | $246K | 20x | Long Popdex | |
| SHORT | 32.080 | 0 | 0.0000% / 4h | 2h 24m | $2K | $117K | 10x | Short GRVT |
Price gap+0.063%58s
Funding gap−0.0048% /8h
Funding costs $1 a day on $10k at the current rate. Swap the legs.
The two prices were read 58 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+$2−0.0048% /8h now · paid +0.023% over the last 6 days (all we have)
Price—spread +0.063%58s now · prices read too far apart to compare
Costs−$1211.211% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.063%
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
/8hMINIMAX on 18 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size33.3 / 32.4 bpAt $10k entering Popdex costs 33.3 bp, fee and slippage, 1.0× GRVT’s.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.44Long Popdex: 24 payments, −$1.44; short GRVT: 6 payments, $0.00.
- Watch: Prices read 58 s apart+0.063% vs +0.078%Part of this gap may be the market moving.
- Watch: Short leg is thinner$2K vs $104K OIGRVT sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · GRVT NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0013%/8h × 21 periods+$2.63
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$105.66
Fee Popdex bp × 2 orders−$6.40
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$118.44
price spread not counted: prices read too far apartCosts to cover1.211%Break-even322.7 days
Slippage: Popdex: live order book, 7 min ago; GRVT: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex3.1233.3 bp−$33doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTGRVT6.2432.4 bp−$3255.7 bp−$557doesn’t fitdoesn’t fit
Closing costs about the same again.
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