Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 187.08 | +0.0092 | pay 0.0092% / 8h | 32m 07s | $516 | $125K | 10x | Long GRVT | |
| SHORT | 187.01 | −0.0050 | pay 0.0050% / 8h | 32m 07s | $949K | $1.3M | — | Short BingX |
Price gap−0.038%84s
Funding gap−0.0142% /8h
Both sides work against this direction now: funding costs $4 a day on $10k and the gap is 0.035% under its 7d average. Swap the legs.
The two prices were read 84 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−$16−0.0142% /8h now · paid −0.155% over the last 7D
Price—spread −0.038%84s now · prices read too far apart to compare
Costs−$920.920% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.038%
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
2 ok · 4 to watch- Watch: Thin at this size30.6 / 16.5 bpAt $10k entering GRVT costs 30.6 bp, fee and slippage, 1.8× BingX’s.
- Note: Margin at max leverage$1,000 + —GRVT 10x, BingX —. 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: −$4.26Long GRVT: 3 payments, −$2.76; short BingX: 3 payments, −$1.50.
- Watch: Prices read 84 s apart−0.038% vs −0.003%Part of this gap may be the market moving.
- Watch: Long leg is thinner$516 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: KYCGRVT No · BingX YesAdvanced 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 spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$72.99
Fee GRVT bp × 2 orders−$9.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$107.51
price spread not counted: prices read too far apartCosts to cover0.920%Break-evennever at this rate
Slippage: GRVT: live order book, 24 min ago; BingX: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT1.8630.6 bp−$31334.3 bp−$3,343doesn’t fitdoesn’t fit
SELL · SHORTBingX6.6116.5 bp−$1745.4 bp−$45492.4 bp−$9,237436.0 bp−$218.0K
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