Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 16.860 | +0.1429 | pay 0.1429% / 8h | 2h 23m | $919K | $1.2M | — | Long BingX | |
| SHORT | 16.869 | +0.0737 | get 0.0737% / 8h | 2h 23m | $6K | $122K | 10x | Short GRVT |
Price gap+0.052%
Funding gap−0.0692% /8h
The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $21 a day and eats that in about 3 hours.
Funding on this pair paid 0.248% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$25−0.0692% /8h now · paid +0.248% over the last 7D
Price+$3spread +0.052% now, avg +0.027% → +0.025% if it goes back
Costs−$1801.802% of $10k · taker + slippage, in and out
Result−$153−1.53%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.248% in total, about +0.0118%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.052%
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
/8hUVXY on 16 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size21.7 / 44.8 bpAt $10k entering GRVT costs 44.8 bp, fee and slippage, 2.1× BingX’s.
- 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: −$20.76Long BingX: 3 payments, −$42.87; short GRVT: 3 payments, +$22.11.
- OK: Entry gap works for you+0.052% vs +0.027%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$6K vs $919K 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+0.0118%/8h × 21 periods+$24.77
Price spread+0.052% → +0.027% (7d avg)+$2.50
Slippage, 4 orderslive order books−$161.19
Fee BingX bp × 2 orders−$10.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$152.91
Costs to cover1.802%Break-even50.2 days
Slippage: BingX: live order book, 12 min ago; GRVT: live order book, 42 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX8.9021.7 bp−$2240.3 bp−$403107.4 bp−$10.7Kdoesn’t fit
SELL · SHORTGRVT8.9444.8 bp−$45186.8 bp−$1,868doesn’t fitdoesn’t fit
Closing costs about the same again.
QFEX