Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 4,194 | +0.0100 | pay 0.0013% / 1h | 45m 02s | $846K | $2.0M | 20x | Long Bulk | |
| SHORT | 4,197.2 | +0.0002 | 0.0000% / 1h | 45m 02s | $1.0M | $329K | 10x | Short Pacifica10% back |
Price gap+0.077%
Funding gap−0.0098% /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−$6−0.0098% /8h now · paid −0.061% over the last 7D
Price+$2spread +0.077% now, avg +0.058% → +0.019% if it goes back
Costs−$190.194% of $10k · taker + slippage, in and out
Result−$24−0.24%+ Points / potential airdropPacifica: points · farm boardWhat 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+0.077%
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
/8hPAXG on 28 exchanges
lowest funding firstBefore you open
4 ok · 1 to watch- OK: Fits both order books4.3 / 5.4 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $1,000Bulk 20x, Pacifica 10x. 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: −$2.93Long Bulk: 24 payments, −$3.00; short Pacifica: 24 payments, +$0.07.
- Note: Gap at its usual level+0.077% vs +0.058%The price leg adds little either way.
- Watch: Long leg is thinner$846K vs $1.0M OIBulk sets your exit cost. Check its book before closing.
- OK: Points on a legPacifica pointsVolume here counts toward the points program.
- OK: No KYC on either legBulk No · Pacifica NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0030%/8h × 21 periods−$6.29
Price spread+0.077% → +0.058% (7d avg)+$1.95
Slippage, 4 orderslive order books−$4.38
Fee Bulk bp × 2 orders−$7.00
Fee Pacifica bp × 2 orders−$8.00
Net · 7 days · $10k−$23.72
Costs to cover0.194%Break-evennever at this rate
Slippage: Bulk: live order book, 1 min ago; Pacifica: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBulk0.004.3 bp−$46.2 bp−$62doesn’t fitdoesn’t fit
SELL · SHORTPacifica0.125.4 bp−$515.2 bp−$152doesn’t fitdoesn’t fit
Closing costs about the same again.
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