Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 34.875 | +0.0592 | pay 0.0074% / 1h | 59m 09s | $64K | $795K | 20x | Long Extended10% off | |
| SHORT | 34.860 | 0 | 0.0000% / 8h | 6h 59m | $850K | $2.4M | 20x | Short Gate |
Price gap−0.044%
Funding gap−0.0592% /8h
Both sides work against this direction now: funding costs $18 a day on $10k and the gap is 0.095% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$52−0.0592% /8h now · paid −0.522% over the last 7D
Price−$9spread −0.044% now, avg +0.051% → −0.095% if it goes back
Costs−$950.955% of $10k · taker + slippage, in and out
Result−$157−1.57%+ 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−0.044%
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
/8hEWZ on 16 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size17.3 / 31.9 bpAt $10k entering Gate costs 31.9 bp, fee and slippage, 1.8× Extended’s.
- Note: Margin at max leverage$500 + $500Extended 20x, Gate 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$17.76Long Extended: 24 payments, −$17.76; short Gate: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.044% vs +0.051%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$64K vs $850K 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 · Gate YesKYC before the futures account opens; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0249%/8h × 21 periods−$52.24
Price spread−0.044% → +0.051% (7d avg)−$9.49
Slippage, 4 orderslive order books−$75.49
Fee Extended bp × 2 orders−$5.00
Fee Gate bp × 2 orders−$15.00
Net · 7 days · $10k−$157.21
Costs to cover0.955%Break-evennever at this rate
Slippage: Extended: live order book, 5 min ago; Gate: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended4.4417.3 bp−$17119.0 bp−$1,190doesn’t fitdoesn’t fit
SELL · SHORTGate15.7631.9 bp−$32469.7 bp−$4,697doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-21 11:27 | Kraken Futures | Listing | new market PF_EWZUSD ($EWZ) seen by our collector |
| 10-20 16:58 | Extended | Listing | Now available to trade: $NOW and $LYTE (ServiceNow and Roundhill Photonics & Optics ETF) with up to 10x leverage, $EWZ (iShares MSCI Brazil ETF) with up to 20x leverage and $BOT (RoboStrategy) with up to 5x leverage @extendedapp on X ↗ |
| 10-20 14:51 | Extended | Listing | new market EWZ-USD ($EWZ) seen by our collector |
| 10-05 03:15 | Backpack | Other | JUST IN: Flávio Bolsonaro finishes ahead of Lula in the first round of Brazil’s presidential election. The two advance to an Oct. 25 runoff. $EWZ +9.8% overnight. @Backpack on X ↗ |
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