Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 346.88 | +0.0008 | pay 0.0001% / 1h | 20m 10s | $116K | $4K | — | Long AZverse | |
| SHORT | 346.62 | +0.0050 | get 0.0006% / 1h | 20m 10s | $58K | $3K | 10x | Short Backpack |
Price gap−0.075%
Funding gap+0.0042% /8h
Funding pays +$1 a day on $10k, but the gap is 0.075% under zero (no 7-day history yet): −$7 if it goes back, about 5.9 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding—+0.0042% /8h now · no funding history yet
Price—spread −0.075% now · no price history on both exchanges yet
Costsno datano order book for AZverse and Backpack
Result, before costs—no pointsneeds funding history
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−0.075%
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
/8hAAPL on 40 exchanges
lowest funding firstBefore you open
1 ok · 2 to watch- Note: Order book unknown—No order-book sample for AZverse and Backpack: its slippage is not counted.
- Note: Margin at max leverage— + $1,000AZverse —, 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: +$1.26Long AZverse: 24 payments, −$0.24; short Backpack: 24 payments, +$1.50.
- Note: No 7-day spread history−0.075%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$58K vs $116K OIBackpack sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCAZverse 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 earnedno history yet: current rate+$8.82
Price spread−0.075% → 0−$7.50
Slippage, 4 ordersno data for AZverse and Backpack—
Fee AZverse bp × 2 orders−$12.00
Fee Backpack bp × 2 orders−$10.00
Net, fees only · 7 days · $10k−$20.68
Costs to cover0.220%Break-even23.4 days
Slippage: AZverse: no order-book sample; Backpack: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGAZverse—————
SELL · SHORTBackpack—————
Closing costs about the same again.
AZverse and Backpack: no data.
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