Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 3.0404 | +0.0204 | pay 0.0102% / 4h | 36m 50s | $20K | $198K | 25x | Long GRVT | |
| SHORT | 3.0410 | +0.0658 | get 0.0329% / 4h | 36m 50s | $979K | $2.5M | — | Short BingX |
Price gap+0.020%
Funding gap+0.0454% /8h
Both sides work: funding pays +$14 a day on $10k, and the gap is 0.044% above its 7d average: +$4 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$45+0.0454% /8h now · paid +0.449% over the last 7D
Price+$4spread +0.020% now, avg −0.024% → +0.044% if it goes back
Costs−$340.345% of $10k · taker + slippage, in and out
Result+$15+0.15%+ 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+0.020%
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
/8hNATGAS on 26 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Large against open interest8.9 / 8.3 bp$10k is over 10% of GRVT’s open interest.
- Note: Margin at max leverage$400 + —GRVT 25x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$13.62Long GRVT: 6 payments, −$6.12; short BingX: 6 payments, +$19.74.
- OK: Entry gap works for you+0.020% vs −0.024%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$20K vs $979K 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+0.0214%/8h × 21 periods+$44.86
Price spread+0.020% → −0.024% (7d avg)+$4.35
Slippage, 4 orderslive order books−$15.47
Fee GRVT bp × 2 orders−$9.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$14.74
Costs to cover0.345%Break-even4.7 days
Slippage: GRVT: live order book, 39 min ago; BingX: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT1.648.9 bp−$920.4 bp−$204doesn’t fitdoesn’t fit
SELL · SHORTBingX3.308.3 bp−$811.3 bp−$11325.3 bp−$2,52982.9 bp−$41.4K
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | NATGAS/USD no longer reported ($NATGAS) seen by our collector |
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