Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,399.9 | +0.0050 | pay 0.0050% / 8h | 5h 46m | $6K | $103K | 10x | Long GRVT | |
| SHORT | 1,426.6 | +0.0001 | 0.0000% / 1h | 46m 37s | $286K | $56K | 3x | Short Ondo Perps5% off |
Price gap+1.911%59s
Funding gap−0.0049% /8h
The gap pays +$59 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 40 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$11−0.0049% /8h now · paid −0.107% over the last 7D
Price—spread +1.911%59s now · prices read too far apart to compare
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs—+ Points / potential airdropGRVT: points · Ondo Perps: points · farm boardneeds both prices read together
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+1.911%
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
/8hOPENAI on 26 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than GRVT’s order book right now.
- Note: Margin at max leverage$1,000 + $3,333GRVT 10x, Ondo Perps 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.48Long GRVT: 3 payments, −$1.50; short Ondo Perps: 24 payments, +$0.02.
- Watch: Prices read 59 s apart+1.911% vs +1.318%Part of this gap may be the market moving.
- Watch: Long leg is thinner$6K vs $286K OIGRVT sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT points · Ondo Perps pointsVolume here counts toward the points program.
- OK: No KYC on either legGRVT No · Ondo Perps NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0051%/8h × 21 periods−$10.70
Price spreadprices read too far apart to compare—
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee GRVT bp × 2 orders−$9.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k—
doesn’t fit the books at $10kprice spread not counted: prices read too far apartCosts to cover—Break-even—
Slippage: GRVT: live order book, 46 min ago; Ondo Perps: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT1.14doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOndo Perps11.23146.5 bp−$146263.7 bp−$2,637doesn’t fitdoesn’t fit
Closing costs about the same again.
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