Funding arb · Price arb / Crypto
USELESS
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2415 | +0.0621 | pay 0.0310% / 4h | 41m 47s | $709K | $890K | 10x | Long Aster≤10% back | |
| SHORT | 0.2419 | +0.0592 | get 0.0074% / 1h | 41m 47s | $202K | $390K | 10x | Short Arcus5% off |
Price gap+0.190%
Funding gap−0.0029% /8h
The gap pays +$9 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 9.9 days.
Funding on this pair paid 0.528% 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+$53−0.0029% /8h now · paid +0.528% over the last 6 days (all we have)
Price+$9spread +0.190% now, avg +0.105% → +0.086% if it goes back
Costs−$780.778% of $10k · taker + slippage, in and out
Result−$16−0.16%+ 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+0.190%
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 size23.1 / 14.4 bpAt $10k entering Aster costs 23.1 bp, fee and slippage, 1.6× Arcus’s.
- Note: Margin at max leverage$1,000 + $1,000Aster 10x, Arcus 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.87Long Aster: 6 payments, −$18.62; short Arcus: 24 payments, +$17.76.
- OK: Entry gap works for you+0.190% vs +0.105%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$202K vs $709K 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 legAster No · Arcus NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0297%/8h × 21 periods+$62.31
Price spread+0.190% → +0.105% (7d avg)+$8.58
Slippage, 4 orderslive order books−$65.29
Fee Aster bp × 2 orders−$8.00
Fee Arcus bp × 2 orders−$4.50
Net · 7 days · $10k−$6.90
Costs to cover0.778%Break-even7.8 days
Slippage: Aster: live order book, 15 min ago; Arcus: live order book, 15 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAster5.8023.1 bp−$23832.9 bp−$8,329doesn’t fitdoesn’t fit
SELL · SHORTArcus4.1314.4 bp−$1431.9 bp−$319doesn’t fitdoesn’t fit
Closing costs about the same again.
Nado