Funding arb · Price arb / Crypto
USELESS
All USELESS markets →
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2419 | +0.0450 | pay 0.0056% / 1h | 17m 59s | $202K | $390K | 10x | Long Arcus5% off | |
| SHORT | 0.2419 | +0.0744 | get 0.0372% / 4h | 1h 17m | $712K | $903K | 10x | Short Aster≤10% back |
Price gap+0.005%
Funding gap+0.0294% /8h
Both sides work: funding pays +$9 a day on $10k, and the gap is 0.109% above its 7d average: +$11 more if it goes back.
Funding on this pair cost 0.521% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$52+0.0294% /8h now · paid −0.521% over the last 6 days (all we have)
Price+$11spread +0.005% now, avg −0.104% → +0.109% if it goes back
Costs−$770.769% of $10k · taker + slippage, in and out
Result−$118−1.18%+ Points / potential airdropAster: Stage 5 · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.005%
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
/8hUSELESS on 26 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size19.7 / 25.2 bpAt $10k entering Aster costs 25.2 bp, fee and slippage, 1.3× Arcus’s.
- Note: Margin at max leverage$1,000 + $1,000Arcus 10x, Aster 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$8.83Long Arcus: 24 payments, −$13.49; short Aster: 6 payments, +$22.32.
- OK: Entry gap works for you+0.005% vs −0.104%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$202K vs $712K OIArcus sets your exit cost. Check its book before closing.
- OK: Points on a legAster Stage 5Volume here counts toward the points program.
- OK: No KYC on either legArcus No · Aster NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0294%/8h × 21 periods−$61.80
Price spread+0.005% → −0.104% (7d avg)+$10.87
Slippage, 4 orderslive order books−$64.39
Fee Arcus bp × 2 orders−$4.50
Fee Aster bp × 2 orders−$8.00
Net · 7 days · $10k−$127.82
Costs to cover0.769%Break-evennever at this rate
Slippage: Arcus: live order book, 44 min ago; Aster: live order book, 44 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGArcus7.9219.7 bp−$2032.7 bp−$327doesn’t fitdoesn’t fit
SELL · SHORTAster4.3525.2 bp−$25519.4 bp−$5,194doesn’t fitdoesn’t fit
Closing costs about the same again.
Nado