Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.005852 | +0.0447 | pay 0.0040% / 43m | 28m 36s | $41K | $474K | 5x | Long Perpl | |
| SHORT | 0.005856 | +0.0100 | get 0.0013% / 1h | 37m 36s | $128K | $357K | 10x | Short Bulk |
Price gap+0.068%50s
Funding gap−0.0347% /8h
The gap pays +$15 on $10k if it goes back to its 7d average, but funding costs $10 a day and eats that in about 34 hours. At the last 7 days' pace that is about 3.2 days.
The two prices were read 50 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$25−0.0347% /8h now · paid −0.246% over the last 5 days (all we have)
Price—spread +0.068%50s now · prices read too far apart to compare
Costsno datano order book for Perpl
Result, before costs—+ Points / potential airdropPerpl: points · farm boardneeds both prices read together
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Bulk price against Perplnow
RANGE STATS · 7D
Now+0.068%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPUMP on 42 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Note: Order book unknown—No order-book sample for Perpl: its slippage is not counted.
- Note: Margin at max leverage$2,000 + $1,000Perpl 5x, Bulk 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ43m / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$10.20Long Perpl: 33 payments, −$13.20; short Bulk: 24 payments, +$3.00.
- Watch: Prices read 50 s apart+0.068% vs −0.080%Part of this gap may be the market moving.
- Watch: Long leg is thinner$41K vs $128K OIPerpl sets your exit cost. Check its book before closing.
- OK: Points on a legPerpl pointsVolume here counts toward the points program.
- OK: No KYC on either legPerpl No · Bulk NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0152%/8h × 21 periods−$31.98
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Perpl—
Fee Perpl bp × 2 orders−$13.80
Fee Bulk bp × 2 orders−$7.00
Net, fees only · 7 days · $10k−$52.78
price spread not counted: prices read too far apartCosts to cover0.208%Break-evennever at this rate
Slippage: Perpl: no order-book sample; Bulk: live order book, 26 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPerpl—————
SELL · SHORTBulk1.085.8 bp−$67.7 bp−$77doesn’t fitdoesn’t fit
Closing costs about the same again.
Perpl: no data.
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