Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2,343.8 | +0.0352 | pay 0.0044% / 1h | 44m 55s | $99K | $961K | 20x | Long Hibachi | |
| SHORT | 2,342.1 | +0.0040 | get 0.0005% / 1h | 44m 55s | $13.5M | $24.8M | — | Short AZverse |
Price gap−0.073%
Funding gap−0.0312% /8h
Both sides work against this direction now: funding costs $9 a day on $10k and the gap is 0.071% 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−$6−0.0312% /8h now · paid −0.056% over the last 20 hours (all we have)
Price−$7spread −0.073% now, avg −0.001% → −0.071% if it goes back
Costsno datano order book for AZverse
Result, before costs−$13−0.13%+ Points / potential airdropHibachi: points · farm boardcosts unknown: no order book for AZverse · What the last 7D really paid, hour by hour → backtest
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−0.073%
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
3 ok · 2 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage$500 + —Hibachi 20x, 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: −$9.36Long Hibachi: 24 payments, −$10.56; short AZverse: 24 payments, +$1.20.
- Watch: Gap narrower than usual−0.073% vs −0.001%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$99K vs $13.5M OIHibachi sets your exit cost. Check its book before closing.
- OK: Points on a legHibachi pointsVolume here counts toward the points program.
- OK: No KYC on either legHibachi No · AZverse NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0222%/8h × 21 periods−$46.69
Price spread−0.073% → −0.001% (7d avg)−$7.12
Slippage, 4 ordersno data for AZverse—
Fee Hibachi bp × 2 orders−$9.00
Fee AZverse bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$74.82
Costs to cover0.210%Break-evennever at this rate
Slippage: Hibachi: live order book, 35 min ago; AZverse: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGHibachi0.325.0 bp−$518.4 bp−$184doesn’t fitdoesn’t fit
SELL · SHORTAZverse—————
Closing costs about the same again.
AZverse: no data.
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