Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 248.73 | +0.0008 | pay 0.0001% / 1h | 40m 07s | $102K | $8K | — | Long AZverse | |
| SHORT | 248.62 | −0.0087 | pay 0.0011% / 1h | 40m 07s | $193K | $23K | 20x | Short Nado20% off |
Price gap−0.044%
Funding gap−0.0095% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.043% 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−$2−0.0095% /8h now · paid −0.025% over the last 19 hours (all we have)
Price−$4spread −0.044% now, avg −0.001% → −0.043% 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−0.044%
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
3 ok · 2 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage— + $500AZverse —, Nado 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: −$2.85Long AZverse: 24 payments, −$0.24; short Nado: 24 payments, −$2.61.
- Watch: Gap narrower than usual−0.044% vs −0.001%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$102K vs $193K 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−0.0102%/8h × 21 periods−$21.38
Price spread−0.044% → −0.001% (7d avg)−$4.26
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−$44.64
Costs to cover0.190%Break-evennever at this rate
Slippage: AZverse: no order-book sample; Nado: live order book, 63 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAZverse—————
SELL · SHORTNado0.204.4 bp−$422.0 bp−$220doesn’t fitdoesn’t fit
Closing costs about the same again.
AZverse: no data.
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