Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 159.92 | +0.0229 | pay 0.0229% / 8h | 3h 16m | $911K | $9.9M | — | Long BingX | |
| SHORT | 159.32 | 0 | 0.0000% / 8h | 3h 16m | $106K | $662K | 10x | Short GRVT |
Price gap−0.374%69s
Funding gap−0.0229% /8h
Both sides work against this direction now: funding costs $7 a day on $10k and the gap is 0.377% under its 7d average. Swap the legs.
The two prices were read 69 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−$55−0.0229% /8h now · paid −0.554% over the last 7D
Price—spread −0.374%69s now · prices read too far apart to compare
Costs−$290.287% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.374%
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
/8hMSTR on 35 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books6.0 / 8.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- 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: −$6.87Long BingX: 3 payments, −$6.87; short GRVT: 3 payments, $0.00.
- Watch: Prices read 69 s apart−0.374% vs +0.003%Part of this gap may be the market moving.
- Watch: Short leg is thinner$106K vs $911K 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−0.0264%/8h × 21 periods−$55.36
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$9.70
Fee BingX bp × 2 orders−$10.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$84.06
price spread not counted: prices read too far apartCosts to cover0.287%Break-evennever at this rate
Slippage: BingX: live order book, 16 min ago; GRVT: live order book, 56 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.966.0 bp−$67.5 bp−$7515.9 bp−$1,59050.7 bp−$25.3K
SELL · SHORTGRVT1.918.8 bp−$921.5 bp−$215doesn’t fitdoesn’t fit
Closing costs about the same again.
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