Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.3740 | +0.0813 | pay 0.0102% / 1h | 59m 25s | $3K | $132K | 10x | Long Aftermath Perps5% off | |
| SHORT | 0.3744 | +0.0100 | get 0.0013% / 1h | 59m 25s | $117K | $273K | 10x | Short Backpack |
Price gap+0.105%
Funding gap−0.0713% /8h
The gap pays +$13 on $10k if it goes back to its 7d average, but funding costs $21 a day and eats that in about 15 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$116−0.0713% /8h now · paid −1.159% over the last 7D
Price+$13spread +0.105% now, avg −0.024% → +0.130% if it goes back
Costs−$720.721% of $10k · taker + slippage, in and out
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+0.105%
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
/8hWLD on 43 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size31.9 / 10.8 bpAt $10k entering Aftermath Perps costs 31.9 bp, fee and slippage, 3.0× Backpack’s.
- Note: Margin at max leverage$1,000 + $1,000Aftermath Perps 10x, Backpack 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: −$21.39Long Aftermath Perps: 24 payments, −$24.39; short Backpack: 24 payments, +$3.00.
- OK: Entry gap works for you+0.105% vs −0.024%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$3K vs $117K OIAftermath Perps sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCAftermath Perps No · Backpack YesKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0552%/8h × 21 periods−$115.91
Price spread+0.105% → −0.024% (7d avg)+$12.97
Slippage, 4 orderslive order books−$53.08
Fee Aftermath Perps bp × 2 orders−$9.00
Fee Backpack bp × 2 orders−$10.00
Net · 7 days · $10k−$175.02
Costs to cover0.721%Break-evennever at this rate
Slippage: Aftermath Perps: live order book, 13 min ago; Backpack: live order book, 28 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAftermath Perps17.5031.9 bp−$32doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBackpack2.0610.8 bp−$1127.6 bp−$276doesn’t fitdoesn’t fit
Closing costs about the same again.
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