Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 248.69 | +0.0008 | pay 0.0001% / 1h | 13m 44s | $101K | $8K | — | Long AZverse | |
| SHORT | 248.10 | +0.0454 | get 0.0057% / 1h | 13m 44s | $640K | $16K | 20x | Short Kraken Futures |
Price gap−0.239%
Funding gap+0.0446% /8h
Funding pays +$13 a day on $10k, but the gap is 0.046% under its 7d average: −$5 if it goes back, about 8 hours of funding. At the last 7 days' pace that is about 42 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$2+0.0446% /8h now · paid +0.017% over the last 16 hours (all we have)
Price−$5spread −0.239% now, avg −0.193% → −0.046% if it goes back
Costsno datano order book for AZverse
Result, before costs−$3−0.03%no pointscosts unknown: no order book for AZverse · What the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 16 hours it paid +0.017% in total, about +0.0089%/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−0.239%
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
/8hAMZN on 38 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage— + $500AZverse —, Kraken Futures 20x. 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: +$13.39Long AZverse: 24 payments, −$0.24; short Kraken Futures: 24 payments, +$13.63.
- Watch: Gap narrower than usual−0.239% vs −0.193%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$101K vs $640K OIAZverse sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCAZverse No · Kraken Futures YesFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0089%/8h × 21 periods+$18.62
Price spread−0.239% → −0.193% (7d avg)−$4.62
Slippage, 4 ordersno data for AZverse—
Fee AZverse bp × 2 orders−$12.00
Fee Kraken Futures bp × 2 orders−$10.00
Net, fees only · 7 days · $10k−$8.00
Costs to cover0.220%Break-even10.0 days
Slippage: AZverse: no order-book sample; Kraken Futures: live order book, 45 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAZverse—————
SELL · SHORTKraken Futures2.8221.2 bp−$2144.3 bp−$443doesn’t fitdoesn’t fit
Closing costs about the same again.
AZverse: no data.
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