Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 189.12 | −0.0050 | get 0.0050% / 8h | 7h 59m | $949K | $1.3M | — | Long BingX | |
| SHORT | 189.26 | +0.0088 | get 0.0088% / 8h | 7h 59m | $791 | $125K | 10x | Short GRVT |
Price gap+0.072%
Funding gap+0.0138% /8h
Both sides work: funding pays +$4 a day on $10k, and the gap is 0.070% above its 7d average: +$7 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$16+0.0138% /8h now · paid +0.155% over the last 7D
Price+$7spread +0.072% now, avg +0.003% → +0.070% if it goes back
Costs−$940.938% of $10k · taker + slippage, in and out
Result−$71−0.71%+ 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+0.072%
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
/8hMRNA on 23 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size20.5 / 23.5 bpAt $10k entering GRVT costs 23.5 bp, fee and slippage, 1.1× BingX’s.
- 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: +$4.14Long BingX: 3 payments, +$1.50; short GRVT: 3 payments, +$2.64.
- OK: Entry gap works for you+0.072% vs +0.003%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$791 vs $949K 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+0.0074%/8h × 21 periods+$15.52
Price spread+0.072% → +0.003% (7d avg)+$6.97
Slippage, 4 orderslive order books−$74.81
Fee BingX bp × 2 orders−$10.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$71.32
Costs to cover0.938%Break-even39.2 days
Slippage: BingX: live order book, 14 min ago; GRVT: live order book, 57 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX7.4020.5 bp−$2138.8 bp−$38892.8 bp−$9,279473.7 bp−$236.9K
SELL · SHORTGRVT1.8623.5 bp−$2340.4 bp−$404doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-18 17:43 | Avantis | Other | Biotech. $LLY — orals expanding the market, or trading injectable economics for cash-pay economics? $MRNA — Intismeran turns a per-patient therapy into a real franchise, or the readout bought optionality the balance sheet still has to finance? @verantaxyz on X ↗ |
Avantis