Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 33.925 | 0 | 0.0000% / 8h | 1h 06m | $4K | $106K | 10x | Long GRVT | |
| SHORT | 33.870 | +0.0050 | get 0.0050% / 8h | 1h 06m | $950K | $1.2M | — | Short BingX |
Price gap−0.161%54s
Funding gap+0.0050% /8h
Funding pays +$2 a day on $10k, but the gap is 0.156% under its 7d average: −$16 if it goes back, about 10 days of funding.
The two prices were read 54 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 −0.161%54s now · prices read too far apart to compare
Costs−$440.442% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.161%
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 interest10.6 / 12.4 bp$10k is over 10% of GRVT’s open interest.
- Note: Margin at max leverage$1,000 + —GRVT 10x, BingX —. 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 GRVT: 3 payments, $0.00; short BingX: 3 payments, +$1.50.
- Watch: Prices read 54 s apart−0.161% vs −0.005%Part of this gap may be the market moving.
- Watch: Long leg is thinner$4K 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: KYCGRVT No · BingX YesAdvanced 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−$25.25
Fee GRVT bp × 2 orders−$9.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$23.41
price spread not counted: prices read too far apartCosts to cover0.442%Break-even14.9 days
Slippage: GRVT: live order book, 54 min ago; BingX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT4.4110.6 bp−$1130.4 bp−$304doesn’t fitdoesn’t fit
SELL · SHORTBingX7.3712.4 bp−$1216.4 bp−$16466.9 bp−$6,690325.2 bp−$162.6K
Closing costs about the same again.
BloFin