Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 107.20 | +0.0050 | pay 0.0050% / 8h | 3h 31m | $933K | $1.7M | — | Long BingX | |
| SHORT | 107.08 | +0.0004 | get 0.0004% / 8h | 3h 31m | $646 | $130K | 10x | Short GRVT |
Price gap−0.112%
Funding gap−0.0046% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.071% under its 7d average. Swap the legs.
Funding on this pair paid 0.080% 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+$8−0.0046% /8h now · paid +0.080% over the last 7D
Price−$7spread −0.112% now, avg −0.041% → −0.071% if it goes back
Costs−$1071.067% of $10k · taker + slippage, in and out
Result−$106−1.06%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.112%
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
/8hWMT on 17 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size32.3 / 25.5 bpAt $10k entering BingX costs 32.3 bp, fee and slippage, 1.3× GRVT’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: −$1.38Long BingX: 3 payments, −$1.50; short GRVT: 3 payments, +$0.12.
- Watch: Gap narrower than usual−0.112% vs −0.041%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$646 vs $933K 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+0.0038%/8h × 21 periods+$7.96
Price spread−0.112% → −0.041% (7d avg)−$7.13
Slippage, 4 orderslive order books−$87.75
Fee BingX bp × 2 orders−$10.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$105.91
Costs to cover1.067%Break-even100.1 days
Slippage: BingX: live order book, 9 min ago; GRVT: live order book, 40 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX12.6032.3 bp−$3275.1 bp−$751213.9 bp−$21.4K728.1 bp−$364.1K
SELL · SHORTGRVT2.8025.5 bp−$26doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-28 19:52 | gTrade (Gains Network) | Listing | WMT/USD no longer reported ($WMT) seen by our collector |
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