Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1932 | −0.0309 | get 0.0039% / 1h | 39m 03s | $414K | $119K | 5x | Long Backpack | |
| SHORT | 0.1933 | +0.0070 | get 0.0009% / 1h | 39m 03s | $566K | $395K | — | Short AZverse |
Price gap+0.041%
Funding gap+0.0379% /8h
Funding trade: +$11 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1+0.0379% /8h now · paid −0.007% over the last 20 hours (all we have)
Price$0spread +0.041% now, avg +0.044% → −0.003% if it goes back
Costsno datano order book for AZverse
Result, before costs−$1−0.01%no pointscosts unknown: no order book for AZverse · What 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 20 hours it paid −0.007% in total, about −0.0028%/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+0.041%
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 · 2 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage$2,000 + —Backpack 5x, AZverse —. 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: +$11.38Long Backpack: 24 payments, +$9.28; short AZverse: 24 payments, +$2.10.
- Note: Gap at its usual level+0.041% vs +0.044%The price leg adds little either way.
- Watch: Long leg is thinner$414K vs $566K OIBackpack sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBackpack Yes · AZverse NoKYC (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−0.0028%/8h × 21 periods−$5.78
Price spread+0.041% → +0.044% (7d avg)−$0.27
Slippage, 4 ordersno data for AZverse—
Fee Backpack bp × 2 orders−$10.00
Fee AZverse bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$28.05
Costs to cover0.220%Break-evennever at this rate
Slippage: Backpack: live order book, 60 min ago; AZverse: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGBackpack1.048.5 bp−$956.3 bp−$563doesn’t fitdoesn’t fit
SELL · SHORTAZverse—————
Closing costs about the same again.
AZverse: no data.
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