Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 34.885 | +0.0592 | pay 0.0074% / 1h | 59m 05s | $64K | $795K | 20x | Long Extended10% off | |
| SHORT | 34.912 | −1.2882 | pay 1.2882% / 8h | 6h 59m | $148K | $600K | 20x | Short Variational Omni+15% pts |
Price gap+0.076%
Funding gap−1.3474% /8h
The gap pays +$6 on $10k if it goes back to its 7d average, but funding costs $404 a day and eats that in about under an hour. At the last 7 days' pace that is about 6 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$167−1.3474% /8h now · paid −1.665% over the last 7D
Price+$6spread +0.076% now, avg +0.013% → +0.063% if it goes back
Costs−$1101.096% of $10k · taker + slippage, in and out
Result−$270−2.70%+ Points / potential airdropExtended: points · Variational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −1.665% in total, about −0.0793%/8h on average.
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+0.076%
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 / 30.9 bpAt $10k entering Variational Omni costs 30.9 bp, fee and slippage, 1.8× Extended’s.
- Note: Margin at max leverage$500 + $500Extended 20x, Variational Omni 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: −$404.21Long Extended: 24 payments, −$17.76; short Variational Omni: 3 payments, −$386.45.
- OK: Entry gap works for you+0.076% vs +0.013%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$64K vs $148K OIExtended sets your exit cost. Check its book before closing.
- OK: Points on a legExtended points · Variational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legExtended No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0793%/8h × 21 periods−$166.51
Price spread+0.076% → +0.013% (7d avg)+$6.30
Slippage, 4 orderslive order books−$104.64
Fee Extended bp × 2 orders−$5.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$269.85
Costs to cover1.096%Break-evennever at this rate
Slippage: Extended: live order book, 5 min ago; Variational Omni: RFQ quote, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended4.4417.3 bp−$17119.0 bp−$1,190doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni8.3130.9 bp−$3153.6 bp−$536doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-21 11:27 | Kraken Futures | Listing | new market PF_EWZUSD ($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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