Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 104.50 | +0.0398 | pay 0.0050% / 1h | 37m 45s | $856K | $20K | 20x | Long tradeXYZ | |
| SHORT | 104.60 | +0.0060 | get 0.0008% / 1h | 37m 45s | $200K | $151K | — | Short AZverse |
Price gap+0.096%
Funding gap−0.0338% /8h
Funding costs $10 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−$2−0.0338% /8h now · paid −0.024% over the last 16 hours (all we have)
Price−$1spread +0.096% now, avg +0.105% → −0.010% if it goes back
Costsno datano order book for AZverse
Result, before costs−$3−0.03%+ 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+0.096%
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
/8hEWT on 14 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Problem: Short market closedAZverseAZverse says this market is not taking trades right now: the price is the last one before it closed.
- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage$500 + —tradeXYZ 20x, AZverse —. 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: −$10.15Long tradeXYZ: 24 payments, −$11.95; short AZverse: 24 payments, +$1.80.
- Note: Gap at its usual level+0.096% vs +0.105%The price leg adds little either way.
- Watch: Short leg is thinner$200K vs $856K 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 legtradeXYZ No · AZverse NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0116%/8h × 21 periods−$24.43
Price spread+0.096% → +0.105% (7d avg)−$0.97
Slippage, 4 ordersno data for AZverse—
Fee tradeXYZ bp × 2 orders−$1.80
Fee AZverse bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$39.20
Costs to cover0.138%Break-evennever at this rate
Slippage: tradeXYZ: live order book, 14 min ago; AZverse: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ1.4440.1 bp−$40162.5 bp−$1,625443.3 bp−$44.3Kdoesn’t fit
SELL · SHORTAZverse—————
Closing costs about the same again.
AZverse: no data.
