Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 103.12 | −0.0059 | get 0.0007% / 1h | 45m 25s | $1.0M | $277K | — | Long AZverse | |
| SHORT | 102.99 | −0.0192 | pay 0.0024% / 1h | 45m 25s | $221.5M | $55.0M | 20x | Short tradeXYZ |
Price gap−0.126%
Funding gap−0.0133% /8h
Funding costs $4 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1−0.0133% /8h now · paid −0.006% over the last 17 hours (all we have)
Price+$1spread −0.126% now, avg −0.132% → +0.006% if it goes back
Costsno datano order book for AZverse
Result, before costs$00.00%+ Points / potential airdroptradeXYZ: 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−0.126%
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
/8hCL on 45 exchanges
lowest funding firstBefore you open
3 ok · 1 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage— + $500AZverse —, tradeXYZ 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: −$4.00Long AZverse: 24 payments, +$1.77; short tradeXYZ: 24 payments, −$5.77.
- Note: Gap at its usual level−0.126% vs −0.132%The price leg adds little either way.
- Watch: Long leg is thinner$1.0M vs $221.5M OIAZverse sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- OK: No KYC on either legAZverse No · tradeXYZ NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0027%/8h × 21 periods−$5.73
Price spread−0.126% → −0.132% (7d avg)+$0.57
Slippage, 4 ordersno data for AZverse—
Fee AZverse bp × 2 orders−$12.00
Fee tradeXYZ bp × 2 orders−$1.80
Net, fees only · 7 days · $10k−$18.96
Costs to cover0.138%Break-evennever at this rate
Slippage: AZverse: no order-book sample; tradeXYZ: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAZverse—————
SELL · SHORTtradeXYZ0.491.4 bp−$13.7 bp−$3712.8 bp−$1,28555.1 bp−$27.6K
Closing costs about the same again.
AZverse: no data.
| 10-23 19:28 | Markets by Kinetiq | Other | WTI Crude Oil is back above $100, up 6% this week. Houthi strikes on Saudi Arabia are escalating, ship attacks near Hormuz just hit a record month, and US crude stocks have fallen three weeks straight. @Markets_xyz on X ↗ |
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