Funding arb · Price arb / Crypto
USELESS
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2408 | +0.0993 | pay 0.0124% / 1h | 49m 23s | $234K | $508K | 10x | Long Arcus5% off | |
| SHORT | 0.2405 | +0.0120 | get 0.0015% / 1h | 49m 23s | $327K | $3.4M | 5x | Short Extended10% off |
Price gap−0.106%
Funding gap−0.0873% /8h
The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $26 a day and eats that in about 3 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$70−0.0873% /8h now · paid −0.696% over the last 5 days (all we have)
Price+$4spread −0.106% now, avg −0.143% → +0.036% if it goes back
Costs−$1371.367% of $10k · taker + slippage, in and out
Result−$203−2.03%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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
Extended price against Arcusnow
RANGE STATS · 7D
Now−0.106%
Average—
Range—
Wider than now—
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
4 ok · 2 to watch- Watch: Thin at this size16.4 / 43.0 bpAt $10k entering Extended costs 43.0 bp, fee and slippage, 2.6× Arcus’s.
- Note: Margin at max leverage$1,000 + $2,000Arcus 10x, Extended 5x. 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: −$26.19Long Arcus: 24 payments, −$29.79; short Extended: 24 payments, +$3.60.
- OK: Entry gap works for you−0.106% vs −0.143%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$234K vs $327K OIArcus sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- OK: No KYC on either legArcus No · Extended NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0445%/8h × 21 periods−$93.45
Price spread−0.106% → −0.143% (7d avg)+$3.63
Slippage, 4 orderslive order books−$127.18
Fee Arcus bp × 2 orders−$4.50
Fee Extended bp × 2 orders−$5.00
Net · 7 days · $10k−$226.50
Costs to cover1.367%Break-evennever at this rate
Slippage: Arcus: live order book, 29 min ago; Extended: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGArcus4.1716.4 bp−$1642.6 bp−$426doesn’t fitdoesn’t fit
SELL · SHORTExtended8.1443.0 bp−$43doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Nado