Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 42.215 | +0.0020 | pay 0.0020% / 8h | 2h 57m | $582 | $126K | 10x | Long GRVT | |
| SHORT | 42.270 | +0.0048 | get 0.0006% / 1h | 57m 26s | $111K | $119K | 20x | Short Popdex |
Price gap+0.131%
Funding gap+0.0028% /8h
Both sides work: funding pays +$1 a day on $10k, and the gap is 0.144% above its 7d average: +$14 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$8+0.0028% /8h now · paid +0.078% over the last 6 days (all we have)
Price+$14spread +0.131% now, avg −0.013% → +0.144% if it goes back
Costs−$1411.407% of $10k · taker + slippage, in and out
Result−$118−1.18%+ 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+0.131%
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
/8hSMCI on 19 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size23.5 / 54.2 bpAt $10k entering Popdex costs 54.2 bp, fee and slippage, 2.3× GRVT’s.
- Note: Margin at max leverage$1,000 + $500GRVT 10x, Popdex 20x. 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: +$0.84Long GRVT: 3 payments, −$0.60; short Popdex: 24 payments, +$1.44.
- OK: Entry gap works for you+0.131% vs −0.013%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$582 vs $111K OIGRVT sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- OK: No KYC on either legGRVT No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0042%/8h × 21 periods+$8.86
Price spread+0.131% → −0.013% (7d avg)+$14.39
Slippage, 4 orderslive order books−$125.25
Fee GRVT bp × 2 orders−$9.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$117.40
Costs to cover1.407%Break-even99.7 days
Slippage: GRVT: live order book, 8 min ago; Popdex: live order book, 8 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT4.7423.5 bp−$2367.9 bp−$679doesn’t fitdoesn’t fit
SELL · SHORTPopdex4.7454.2 bp−$54doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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