PAYP

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKPAYP2USD-USDT	15.460	−0.1679	get 0.1679% / 8h	2h 50m	$962K	$1.2M	—	Long BingX
SHORT	GRVTPAYP_USDT_Perp	15.420	−0.3316	pay 0.3316% / 8h	2h 50m	$112K	$508K	10x	Short GRVT

Price gap−0.259%63s

Funding gap−0.1637% /8h

Both sides work against this direction now: funding costs $49 a day on $10k and the gap is 0.232% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$24−0.1637% /8h now · paid −0.243% over the last 7D

Price—spread −0.259%63s now · prices read too far apart to compare

Costs−$3383.375% of $10k · taker + slippage, in and out

Result—+ Points / potential airdropGRVT: points · farm boardneeds both prices read together

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.243% in total, about −0.0116%/8h on average.

Price and funding

1h · history

Entry / 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−0.259%

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

/8h

PAYP on 11 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Thin at this size67.1 / 141.7 bp
At $10k entering GRVT costs 141.7 bp, fee and slippage, 2.1× BingX’s.
Note: Margin at max leverage— + $1,000
BingX —, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$49.11Long BingX: 3 payments, +$50.37; short GRVT: 3 payments, −$99.48.
Watch: Prices read 63 s apart−0.259% vs −0.027%
Part of this gap may be the market moving.
Watch: Short leg is thinner$112K vs $962K OI
GRVT sets your exit cost. Check its book before closing.
OK: Points on a legGRVT points
Volume here counts toward the points program.
Watch: KYCBingX Yes · GRVT No
Advanced 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 out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0116%/8h × 21 periods−$24.33

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$318.51

Fee BingX bp × 2 orders−$10.00

Fee GRVT bp × 2 orders−$9.00

Net · 7 days · $10k−$361.84

price spread not counted: prices read too far apart

Costs to cover3.375%Break-evennever at this rate

Slippage: BingX: live order book, 16 min ago; GRVT: live order book, 62 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX16.2067.1 bp−$67187.6 bp−$1,876596.9 bp−$59.7K1082.0 bp−$541.0K

SELL · SHORTGRVT13.05141.7 bp−$142doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

PAYP news

posts that mention PAYP, from every exchangeSearch all news →

09-28 16:00	QFEX	Other	$PAYP - PayPay Corporation is now trading 24/7 on QFEX @QFEX on X ↗
09-28 14:22	QFEX	Listing	new market PAYP-USD ($PAYP) seen by our collector