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 15s | $3K | $132K | 10x | Long Aftermath Perps5% off | |
| SHORT | 0.3745 | −0.0399 | pay 0.0050% / 1h | 59m 15s | $31K | $110K | 5x | Short Injective |
Price gap+0.134%
Funding gap−0.1212% /8h
The gap pays +$15 on $10k if it goes back to its 7d average, but funding costs $36 a day and eats that in about 10 hours. At the last 7 days' pace that is about 20 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$124−0.1212% /8h now · paid −1.236% over the last 7D
Price+$15spread +0.134% now, avg −0.011% → +0.146% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$109−1.09%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
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+0.134%
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
3 ok · 2 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than Injective’s order book right now.
- Note: Margin at max leverage$1,000 + $2,000Aftermath Perps 10x, Injective 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: −$36.36Long Aftermath Perps: 24 payments, −$24.39; short Injective: 24 payments, −$11.97.
- OK: Entry gap works for you+0.134% vs −0.011%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$3K vs $31K OIAftermath Perps sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legAftermath Perps No · Injective NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0589%/8h × 21 periods−$123.64
Price spread+0.134% → −0.011% (7d avg)+$14.56
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Aftermath Perps bp × 2 orders−$9.00
Fee Injective bp × 2 orders−$0.02
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Aftermath Perps: live order book, 14 min ago; Injective: live order book, 44 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAftermath Perps17.5031.9 bp−$32doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTInjective38.71doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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