Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 16.737 | +0.0627 | pay 0.0627% / 8h | 1h 43m | $6K | $118K | 10x | Long GRVT | |
| SHORT | 16.720 | +0.1229 | get 0.1229% / 8h | 1h 43m | $919K | $1.2M | — | Short BingX |
Price gap−0.101%
Funding gap+0.0602% /8h
Funding pays +$18 a day on $10k, but the gap is 0.074% under its 7d average: −$7 if it goes back, about 10 hours of funding.
Funding on this pair cost 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+0.0602% /8h now · paid −0.248% over the last 7D
Price−$7spread −0.101% now, avg −0.027% → −0.074% if it goes back
Costs−$910.905% of $10k · taker + slippage, in and out
Result−$123−1.23%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above 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−0.101%
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
2 ok · 4 to watch- Watch: Thin at this size26.1 / 17.3 bpAt $10k entering GRVT costs 26.1 bp, fee and slippage, 1.5× BingX’s.
- 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: +$18.06Long GRVT: 3 payments, −$18.81; short BingX: 3 payments, +$36.87.
- Watch: Gap narrower than usual−0.101% vs −0.027%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long 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: 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−0.0118%/8h × 21 periods−$24.77
Price spread−0.101% → −0.027% (7d avg)−$7.41
Slippage, 4 orderslive order books−$71.54
Fee GRVT bp × 2 orders−$9.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$122.72
Costs to cover0.905%Break-evennever at this rate
Slippage: GRVT: live order book, 18 min ago; BingX: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT5.9626.1 bp−$2676.9 bp−$769doesn’t fitdoesn’t fit
SELL · SHORTBingX2.9917.3 bp−$1754.0 bp−$540120.0 bp−$12.0K612.5 bp−$306.3K
Closing costs about the same again.
QFEX