Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 149.21 | 0 | 0.0000% / 8h | 6h 19m | $72K | $105K | 10x | Long GRVT | |
| SHORT | 148.98 | +0.0050 | get 0.0006% / 1h | 19m 49s | $450K | $24K | 10x | Short Backpack |
Price gap−0.155%
Funding gap+0.0050% /8h
Funding pays +$2 a day on $10k, but the gap is 0.071% under its 7d average: −$7 if it goes back, about 4.8 days of funding. At the last 7 days' pace that is about 35 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$35+0.0050% /8h now · paid +0.348% over the last 7D
Price−$7spread −0.155% now, avg −0.083% → −0.071% if it goes back
Costs−$270.269% of $10k · taker + slippage, in and out
Result+$1+0.01%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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−0.155%
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
/8hSPCX on 47 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Large against open interest9.0 / 5.6 bp$10k is over 10% of GRVT’s open interest.
- Note: Margin at max leverage$1,000 + $1,000GRVT 10x, Backpack 10x. 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: +$1.50Long GRVT: 3 payments, $0.00; short Backpack: 24 payments, +$1.50.
- Watch: Gap narrower than usual−0.155% vs −0.083%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$72K vs $450K 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 · Backpack YesKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0165%/8h × 21 periods+$34.75
Price spread−0.155% → −0.083% (7d avg)−$7.14
Slippage, 4 orderslive order books−$7.94
Fee GRVT bp × 2 orders−$9.00
Fee Backpack bp × 2 orders−$10.00
Net · 7 days · $10k+$0.68
Costs to cover0.269%Break-even6.9 days
Slippage: GRVT: live order book, 36 min ago; Backpack: live order book, 38 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT1.349.0 bp−$913.0 bp−$130doesn’t fitdoesn’t fit
SELL · SHORTBackpack0.345.6 bp−$636.7 bp−$367doesn’t fitdoesn’t fit
Closing costs about the same again.
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