Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1682 | L +0.0385S −0.0289 | pay 0.0048% / 1h | 2m 27s | $60K | $115K | 50x | Long GMX5% off | |
| SHORT | 0.1683 | +0.0040 | get 0.0005% / 1h | 2m 27s | $103K | $35K | — | Short AZverse |
Price gap+0.045%
Funding gap−0.0345% /8h
Both sides work against this direction now: funding costs $10 a day on $10k and the gap is 0.033% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$9−0.0345% /8h now · paid −0.090% over the last 21 hours (all we have)
Price−$3spread +0.045% now, avg +0.077% → −0.033% if it goes back
Costsno datano order book for GMX and AZverse
Result, before costs−$12−0.12%no pointscosts unknown: no order book for GMX and AZverse · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.045%
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
/8hXLM on 33 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Note: Order book unknown—No order-book sample for GMX and AZverse: its slippage is not counted.
- Note: Margin at max leverage$200 + —GMX 50x, AZverse —. 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: −$10.35Long GMX: 24 payments, −$11.55; short AZverse: 24 payments, +$1.20.
- Watch: Gap narrower than usual+0.045% vs +0.077%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$60K vs $103K OIGMX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legGMX No · AZverse NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0345%/8h × 21 periods−$72.44
Price spread+0.045% → +0.077% (7d avg)−$3.27
Slippage, 4 ordersno data for GMX and AZverse—
Fee GMX bp × 2 orders−$12.00
Fee AZverse bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$99.71
Costs to cover0.240%Break-evennever at this rate
Slippage: GMX: no order-book sample; AZverse: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGGMX—————
SELL · SHORTAZverse—————
Closing costs about the same again.
GMX and AZverse: no data.
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