Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 34.787 | +0.0048 | pay 0.0006% / 1h | 57m 27s | $64K | $795K | 20x | Long Extended10% off | |
| SHORT | 34.840 | 0 | 0.0000% / 8h | 6h 57m | $972 | $3.0M | 10x | Short SunX≤10% back |
Price gap+0.152%
Funding gap−0.0048% /8h
The gap pays +$6 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 4.0 days. At the last 7 days' pace that is about 27 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$36−0.0048% /8h now · paid −0.357% over the last 7D
Price+$6spread +0.152% now, avg +0.094% → +0.058% if it goes back
Costs−$1751.754% of $10k · taker + slippage, in and out
Result−$205−2.05%+ 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+0.152%
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
3 ok · 3 to watch- Watch: Thin at this size17.3 / 80.8 bpAt $10k entering SunX costs 80.8 bp, fee and slippage, 4.7× Extended’s.
- Note: Margin at max leverage$500 + $1,000Extended 20x, SunX 10x. 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: −$1.44Long Extended: 24 payments, −$1.44; short SunX: 3 payments, $0.00.
- OK: Entry gap works for you+0.152% vs +0.094%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$972 vs $64K OISunX sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- OK: No KYC on either legExtended No · SunX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0170%/8h × 21 periods−$35.67
Price spread+0.152% → +0.094% (7d avg)+$5.78
Slippage, 4 orderslive order books−$162.35
Fee Extended bp × 2 orders−$5.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k−$205.24
Costs to cover1.754%Break-evennever at this rate
Slippage: Extended: live order book, 6 min ago; SunX: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended4.4417.3 bp−$17119.0 bp−$1,190doesn’t fitdoesn’t fit
SELL · SHORTSunX1.4280.8 bp−$81doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-21 11:27 | Kraken Futures | Listing | new market PF_EWZUSD ($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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