Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,868.9 | +0.0048 | pay 0.0006% / 1h | 55m 31s | $84K | $237K | 10x | Long Extended10% off | |
| SHORT | 1,874.6 | 0 | 0.0000% / 1h | 55m 31s | $222K | $89K | 5x | Short Deribit |
Price gap+0.305%
Funding gap−0.0048% /8h
The gap pays +$5 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 3.4 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$9−0.0048% /8h now · paid −0.094% over the last 7D
Price+$5spread +0.305% now, avg +0.256% → +0.049% if it goes back
Costs−$580.575% of $10k · taker + slippage, in and out
Result−$62−0.62%+ 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+0.305%
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 interest14.0 / 12.4 bp$10k is over 10% of Extended’s open interest.
- Note: Margin at max leverage$1,000 + $2,000Extended 10x, 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: −$1.44Long Extended: 24 payments, −$1.44; short Deribit: 24 payments, $0.00.
- OK: Entry gap works for you+0.305% vs +0.256%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$84K vs $222K OIExtended sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- Watch: KYCExtended 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−0.0045%/8h × 21 periods−$9.44
Price spread+0.305% → +0.256% (7d avg)+$4.90
Slippage, 4 orderslive order books−$45.52
Fee Extended bp × 2 orders−$5.00
Fee Deribit bp × 2 orders−$7.00
Net · 7 days · $10k−$62.06
Costs to cover0.575%Break-evennever at this rate
Slippage: Extended: live order book, 61 min ago; Deribit: live order book, 61 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended2.1414.0 bp−$14121.0 bp−$1,210doesn’t fitdoesn’t fit
SELL · SHORTDeribit0.4312.4 bp−$1237.1 bp−$371doesn’t fitdoesn’t fit
Closing costs about the same again.
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