Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.6632 | +0.0038 | pay 0.0005% / 1h | 49m 00s | $160K | $163K | — | Long AZverse | |
| SHORT | 1.6670 | −0.0079 | pay 0.0010% / 1h | 49m 00s | $700K | $239K | 5x | Short Nado20% off |
Price gap+0.230%
Funding gap−0.0118% /8h
The gap pays +$7 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 47 hours. At the last 7 days' pace that is about 21 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0−0.0118% /8h now · paid −0.001% over the last 10 hours (all we have)
Price+$7spread +0.230% now, avg +0.161% → +0.068% if it goes back
Costsno datano order book for AZverse
Result, before costs+$7+0.07%+ Points / potential airdropNado: points · farm boardcosts unknown: no order book for AZverse · 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+0.230%
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
/8hZRO on 31 exchanges
lowest funding firstBefore you open
4 ok · 1 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage— + $2,000AZverse —, Nado 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: −$3.53Long AZverse: 24 payments, −$1.15; short Nado: 24 payments, −$2.38.
- OK: Entry gap works for you+0.230% vs +0.161%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$160K vs $700K OIAZverse sets your exit cost. Check its book before closing.
- OK: Points on a legNado pointsVolume here counts toward the points program.
- OK: No KYC on either legAZverse No · Nado NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0011%/8h × 21 periods−$2.29
Price spread+0.230% → +0.161% (7d avg)+$6.84
Slippage, 4 ordersno data for AZverse—
Fee AZverse bp × 2 orders−$12.00
Fee Nado bp × 2 orders−$7.00
Net, fees only · 7 days · $10k−$14.45
Costs to cover0.190%Break-evennever at this rate
Slippage: AZverse: no order-book sample; Nado: live order book, 44 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAZverse—————
SELL · SHORTNado1.5011.2 bp−$1131.0 bp−$310doesn’t fitdoesn’t fit
Closing costs about the same again.
AZverse: no data.
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