Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 531.63 | +0.0335 | pay 0.0042% / 1h | 49m 53s | $40K | $167K | 10x | Long Backpack | |
| SHORT | 532.34 | +0.0008 | get 0.0001% / 1h | 49m 53s | $108K | $14K | — | Short AZverse |
Price gap+0.134%
Funding gap−0.0327% /8h
Funding costs $10 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$6−0.0327% /8h now · paid −0.064% over the last 2 days (all we have)
Price+$1spread +0.134% now, avg +0.124% → +0.010% if it goes back
Costsno datano order book for AZverse
Result, before costs−$5−0.05%no pointscosts unknown: no order book for AZverse · What the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 2 days it paid −0.064% in total, about −0.0096%/8h on average.
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
/8hAMD on 39 exchanges
lowest funding firstBefore you open
1 ok · 2 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage$1,000 + —Backpack 10x, 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: −$9.81Long Backpack: 24 payments, −$10.04; short AZverse: 24 payments, +$0.23.
- Note: Gap at its usual level+0.134% vs +0.124%The price leg adds little either way.
- Watch: Long leg is thinner$40K vs $108K OIBackpack sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBackpack Yes · AZverse NoKYC (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−0.0096%/8h × 21 periods−$20.23
Price spread+0.134% → +0.124% (7d avg)+$0.98
Slippage, 4 ordersno data for AZverse—
Fee Backpack bp × 2 orders−$10.00
Fee AZverse bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$41.25
Costs to cover0.220%Break-evennever at this rate
Slippage: Backpack: live order book, 38 min ago; AZverse: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGBackpack0.195.2 bp−$551.9 bp−$519doesn’t fitdoesn’t fit
SELL · SHORTAZverse—————
Closing costs about the same again.
AZverse: no data.
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