Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,914.4 | −0.0118 | get 0.0015% / 1h | 50m 05s | $48.3M | $9.4M | 6x | Long Entropy | |
| SHORT | 1,873 | −0.0090 | pay 0.0011% / 1h | 50m 05s | $218K | $132K | 5x | Short Deribit |
Price gap−2.164%
Funding gap+0.0028% /8h
Funding pays +$1 a day on $10k, but the gap is 0.505% under its 7d average: −$51 if it goes back, about 2 months of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$15+0.0028% /8h now · paid −0.155% over the last 7D
Price−$51spread −2.164% now, avg −1.658% → −0.505% if it goes back
Costs−$530.525% of $10k · taker + slippage, in and out
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−2.164%
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
1 ok · 4 to watch- Watch: Thin at this size12.4 / 16.6 bpAt $10k entering Deribit costs 16.6 bp, fee and slippage, 1.3× Entropy’s.
- Note: Margin at max leverage$1,667 + $2,000Entropy 6x, Deribit 5x. 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: +$0.84Long Entropy: 24 payments, +$3.54; short Deribit: 24 payments, −$2.70.
- Watch: Gap narrower than usual−2.164% vs −1.658%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$218K vs $48.3M OIDeribit sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCEntropy No · Deribit YesID, 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−0.0074%/8h × 21 periods−$15.49
Price spread−2.164% → −1.658% (7d avg)−$50.54
Slippage, 4 orderslive order books−$43.73
Fee Entropy bp × 2 orders−$1.80
Fee Deribit bp × 2 orders−$7.00
Net · 7 days · $10k−$118.57
Costs to cover0.525%Break-evennever at this rate
Slippage: Entropy: live order book, 1 min ago; Deribit: live order book, 62 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGEntropy0.5212.4 bp−$1275.9 bp−$759282.1 bp−$28.2Kdoesn’t fit
SELL · SHORTDeribit0.0316.6 bp−$1752.2 bp−$522doesn’t fitdoesn’t fit
Closing costs about the same again.
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