Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2,343 | +0.0040 | pay 0.0005% / 1h | 46m 20s | $13.5M | $24.8M | — | Long AZverse | |
| SHORT | 2,341.1 | L −0.0012S +0.0059 | pay 0.0007% / 1h | 46m 20s | $12.5M | $10.3M | 100x | Short GMX5% off |
Price gap−0.081%
Funding gap−0.0099% /8h
Funding costs $3 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1−0.0099% /8h now · paid −0.013% over the last 20 hours (all we have)
Price$0spread −0.081% now, avg −0.084% → +0.003% if it goes back
Costsno datano order book for AZverse and GMX
Result, before costs−$1−0.01%no pointscosts unknown: no order book for AZverse and GMX · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.081%
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
/8hETH on 56 exchanges
lowest funding firstBefore you open
2 ok · 0 to watch- Note: Order book unknown—No order-book sample for AZverse and GMX: its slippage is not counted.
- Note: Margin at max leverage— + $100AZverse —, GMX 100x. 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: −$2.96Long AZverse: 24 payments, −$1.20; short GMX: 24 payments, −$1.76.
- Note: Gap at its usual level−0.081% vs −0.084%The price leg adds little either way.
- Note: Short leg is thinner$12.5M vs $13.5M OIBoth legs are deep; GMX is the smaller one.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legAZverse No · GMX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0053%/8h × 21 periods−$11.04
Price spread−0.081% → −0.084% (7d avg)+$0.27
Slippage, 4 ordersno data for AZverse and GMX—
Fee AZverse bp × 2 orders−$12.00
Fee GMX bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$34.77
Costs to cover0.240%Break-evennever at this rate
Slippage: AZverse: no order-book sample; GMX: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGAZverse—————
SELL · SHORTGMX—————
Closing costs about the same again.
AZverse and GMX: no data.
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| 10-22 14:30 | ApeX Omni | Incident | Crypto headlines on Perp Desk, our bi-weekly update. The wallet behind April’s $295M @DriftFDN exploit sat idle for two months, then pushed 25,700 ETH into @TornadoCash in two hours. It still holds $194M. Drift says @Mandiant traced it to a North Korean group. More below 👇 @OfficialApeXdex on X ↗ |

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