Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,864.4 | −0.0090 | get 0.0011% / 1h | 48m 18s | $216K | $133K | 5x | Long Deribit | |
| SHORT | 1,863.9 | +0.0048 | get 0.0006% / 1h | 48m 18s | $43K | $319K | 10x | Short Extended10% off |
Price gap−0.025%
Funding gap+0.0138% /8h
Both sides work: funding pays +$4 a day on $10k, and the gap is 0.230% above its 7d average: +$23 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$9+0.0138% /8h now · paid +0.093% over the last 7D
Price+$23spread −0.025% now, avg −0.255% → +0.230% if it goes back
Costs−$520.522% of $10k · taker + slippage, in and out
Result−$20−0.20%+ Points / potential airdropExtended: points · farm boardWhat 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−0.025%
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
/8hANTHROPIC on 26 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Large against open interest12.1 / 13.8 bp$10k is over 10% of Extended’s open interest.
- Note: Margin at max leverage$2,000 + $1,000Deribit 5x, Extended 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: +$4.14Long Deribit: 24 payments, +$2.70; short Extended: 24 payments, +$1.44.
- OK: Entry gap works for you−0.025% vs −0.255%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$43K vs $216K OIExtended sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- Watch: KYCDeribit Yes · Extended NoID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0044%/8h × 21 periods+$9.34
Price spread−0.025% → −0.255% (7d avg)+$23.03
Slippage, 4 orderslive order books−$40.23
Fee Deribit bp × 2 orders−$7.00
Fee Extended bp × 2 orders−$5.00
Net · 7 days · $10k−$19.87
Costs to cover0.522%Break-even21.9 days
Slippage: Deribit: live order book, 64 min ago; Extended: live order book, 63 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGDeribit0.0312.1 bp−$1235.4 bp−$354doesn’t fitdoesn’t fit
SELL · SHORTExtended2.1413.8 bp−$14110.1 bp−$1,101doesn’t fitdoesn’t fit
Closing costs about the same again.
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