Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1906 | +0.0029 | pay 0.0004% / 1h | 50m 55s | $558K | $387K | — | Long AZverse | |
| SHORT | 0.1905 | −0.0390 | pay 0.0049% / 1h | 50m 55s | $406K | $121K | 5x | Short Backpack |
Price gap−0.068%
Funding gap−0.0419% /8h
Both sides work against this direction now: funding costs $13 a day on $10k and the gap is 0.024% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$1−0.0419% /8h now · paid +0.007% over the last 21 hours (all we have)
Price−$2spread −0.068% now, avg −0.044% → −0.024% if it goes back
Costsno datano order book for AZverse
Result, before costs−$2−0.02%no pointscosts unknown: no order book for AZverse · What 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 21 hours it paid +0.007% in total, about +0.0026%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.068%
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
/8hENA on 45 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage— + $2,000AZverse —, Backpack 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$12.57Long AZverse: 24 payments, −$0.86; short Backpack: 24 payments, −$11.71.
- Watch: Gap narrower than usual−0.068% vs −0.044%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$406K vs $558K OIBackpack sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCAZverse No · Backpack YesKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0026%/8h × 21 periods+$5.56
Price spread−0.068% → −0.044% (7d avg)−$2.41
Slippage, 4 ordersno data for AZverse—
Fee AZverse bp × 2 orders−$12.00
Fee Backpack bp × 2 orders−$10.00
Net, fees only · 7 days · $10k−$18.85
Costs to cover0.220%Break-even30.7 days
Slippage: AZverse: no order-book sample; Backpack: live order book, 44 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAZverse—————
SELL · SHORTBackpack0.529.0 bp−$952.5 bp−$525doesn’t fitdoesn’t fit
Closing costs about the same again.
AZverse: no data.
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