Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 16.770 | 0 | 0.0000% / 1h | 2m 20s | $368K | $59K | 30x | Long QFEX | |
| SHORT | 16.793 | +0.0956 | get 0.0956% / 8h | 3h 02m | $6K | $119K | 10x | Short GRVT |
Price gap+0.139%57s
Funding gap+0.0956% /8h
Both sides work: funding pays +$29 a day on $10k, and the gap is 1.867% above its 7d average: +$187 more if it goes back.
The two prices were read 57 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+$33+0.0956% /8h now · paid +0.330% over the last 5 days (all we have)
Price—spread +0.139%57s now · prices read too far apart to compare
Costs−$2142.140% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 5 days it paid +0.330% in total, about +0.0228%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.139%
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 size40.4 / 44.8 bpAt $10k entering GRVT costs 44.8 bp, fee and slippage, 1.1× QFEX’s.
- Note: Margin at max leverage$333 + $1,000QFEX 30x, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$28.68Long QFEX: 24 payments, $0.00; short GRVT: 3 payments, +$28.68.
- Watch: Prices read 57 s apart+0.139% vs −1.728%Part of this gap may be the market moving.
- Watch: Short leg is thinner$6K vs $368K OIGRVT sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- OK: No KYC on either legQFEX No · GRVT NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0228%/8h × 21 periods+$47.82
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$195.01
Fee QFEX bp × 2 orders−$10.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$166.19
price spread not counted: prices read too far apartCosts to cover2.140%Break-even31.3 days
Slippage: QFEX: live order book, 46 min ago; GRVT: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX5.9140.4 bp−$40doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTGRVT8.9444.8 bp−$45186.8 bp−$1,868doesn’t fitdoesn’t fit
Closing costs about the same again.