Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 33.950 | +0.0050 | pay 0.0050% / 8h | 1h 43m | $950K | $1.2M | — | Long BingX | |
| SHORT | 33.945 | 0 | 0.0000% / 8h | 1h 43m | $5K | $111K | 10x | Short GRVT |
Price gap−0.015%114s
Funding gap−0.0050% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.020% under its 7d average. Swap the legs.
The two prices were read 114 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$21−0.0050% /8h now · paid −0.208% over the last 7D
Price—spread −0.015%114s now · prices read too far apart to compare
Costs−$450.453% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.015%
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
/8hSQQQ on 11 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Large against open interest12.4 / 8.9 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, −$1.50; short GRVT: 3 payments, $0.00.
- Watch: Prices read 114 s apart−0.015% vs +0.005%Part of this gap may be the market moving.
- Watch: Short leg is thinner$5K vs $950K 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−0.0099%/8h × 21 periods−$20.84
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$26.29
Fee BingX bp × 2 orders−$10.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$66.13
price spread not counted: prices read too far apartCosts to cover0.453%Break-evennever at this rate
Slippage: BingX: live order book, 2 min ago; GRVT: live order book, 17 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX7.3512.4 bp−$1218.2 bp−$18272.3 bp−$7,227374.1 bp−$187.0K
SELL · SHORTGRVT4.418.9 bp−$925.5 bp−$255doesn’t fitdoesn’t fit
Closing costs about the same again.
BloFin