Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 240.06 | +0.0227 | pay 0.0227% / 8h | 1h 07m | $994K | $2.3M | — | Long BingX | |
| SHORT | 239.77 | +0.0177 | get 0.0177% / 8h | 1h 07m | $10K | $113K | 10x | Short GRVT |
Price gap−0.122%
Funding gap−0.0050% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.108% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$12−0.0050% /8h now · paid −0.117% over the last 7D
Price−$11spread −0.122% now, avg −0.014% → −0.108% if it goes back
Costs−$400.398% of $10k · taker + slippage, in and out
Result−$62−0.62%+ 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−0.122%
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
/8hNBIS on 33 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Large against open interest6.7 / 14.3 bp$10k is over 10% of GRVT’s open interest.
- 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: −$1.50Long BingX: 3 payments, −$6.81; short GRVT: 3 payments, +$5.31.
- Watch: Gap narrower than usual−0.122% vs −0.014%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$10K vs $994K 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−0.0056%/8h × 21 periods−$11.71
Price spread−0.122% → −0.014% (7d avg)−$10.83
Slippage, 4 orderslive order books−$20.81
Fee BingX bp × 2 orders−$10.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$62.35
Costs to cover0.398%Break-evennever at this rate
Slippage: BingX: live order book, 11 min ago; GRVT: live order book, 53 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.216.7 bp−$711.8 bp−$11853.9 bp−$5,392217.1 bp−$108.6K
SELL · SHORTGRVT4.7414.3 bp−$14doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-24 16:13 | Entropy | Other | $NBIS max leverage has been increased to 15x. @entropyIO on X ↗ |
| 09-24 15:30 | Vest Markets | Other | Trade $NBIS volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗ |
| 09-24 15:30 | Vest Markets | Other | $NBIS is drawing buyers on its October 1 AI compute price increases, with the stock up around 6% on the session. The increases run 17% to 21% on on-demand $NVDA GPU instances, covering the H100 through B300 lines, the second round in three months. BNP Paribas Exane raised its rating to Outperform today, with a $399 price target, from $260, citing that pricing power. @VestExchange on X ↗ |
| 09-22 19:31 | Vest Markets | Other | Heading into the close, CoreWeave's Remote Key Encryption counts $IBM as a launch partner, with $CRWV up around 1.6%. Rothschild & Co Redburn started $CRWV at Sell with a $54 price target, and $NBIS at Sell with an $84 price target, alongside six AI-focused miners at Neutral. Trade $CRWV volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗ |
| 09-21 16:30 | Vest Markets | Other | AI cloud names are extending last week's rally, with $NBIS up around 4.4% on the session. Rothschild & Co Redburn started coverage at Sell, flagging cyclically inflated AI valuations and credit-market stress for the neocloud group. $NBIS has still added about 118% over the past twelve months, and trades about 22% below its 52-week high. @VestExchange on X ↗ |
| 09-21 13:35 | gTrade (Gains Network) | Listing | new market NBIS/USD ($NBIS) seen by our collector |
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