Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2106 | +0.0058 | pay 0.0029% / 4h | 3h 17m | $51K | $242K | 10x | Long Orderly | |
| SHORT | 0.2107 | −0.4464 | pay 0.0558% / 1h | 17m 23s | $178K | $338K | 10x | Short RISExInvite |
Price gap+0.062%
Funding gap−0.4522% /8h
The gap pays +$6 on $10k if it goes back to its 7d average, but funding costs $136 a day and eats that in about 1 hour.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$3−0.4522% /8h now · paid +0.028% over the last 7D
Price+$6spread +0.062% now, avg +0.001% → +0.061% if it goes back
Costsno datano order book for Orderly
Result, before costs+$9+0.09%no pointscosts unknown: no order book for Orderly · 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 7 days it paid +0.028% in total, about +0.0013%/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+0.062%
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
2 ok · 2 to watch- Note: Order book unknown—No order-book sample for Orderly: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $1,000Orderly 10x, RISEx 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$135.66Long Orderly: 6 payments, −$1.73; short RISEx: 24 payments, −$133.93.
- OK: Entry gap works for you+0.062% vs +0.001%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$51K vs $178K OIOrderly sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legOrderly No · RISEx NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0013%/8h × 21 periods+$2.77
Price spread+0.062% → +0.001% (7d avg)+$6.07
Slippage, 4 ordersno data for Orderly—
Fee Orderly bp × 2 orders−$6.00
Fee RISEx bp × 2 orders−$6.00
Net, fees only · 7 days · $10k−$3.16
Costs to cover0.120%Break-even15.0 days
Slippage: Orderly: no order-book sample; RISEx: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOrderly—————
SELL · SHORTRISEx1.925.2 bp−$530.0 bp−$300doesn’t fitdoesn’t fit
Closing costs about the same again.
Orderly: no data.
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