Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 320.49 | +0.0050 | pay 0.0006% / 1h | 39m 30s | $179K | $9K | 10x | Long Backpack | |
| SHORT | 320.35 | 0 | 0.0000% / 1h | 39m 30s | $340K | $47K | 20x | Short Extended10% off |
Price gap−0.043%
Funding gap−0.0050% /8h
Funding costs $2 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−$45−0.0050% /8h now · paid −0.451% over the last 7D
Price−$1spread −0.043% now, avg −0.031% → −0.012% if it goes back
Costs−$190.187% of $10k · taker + slippage, in and out
Result−$65−0.65%+ 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−0.043%
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
/8hGOOGL on 43 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- OK: Fits both order books5.9 / 3.7 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $500Backpack 10x, Extended 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: −$1.50Long Backpack: 24 payments, −$1.50; short Extended: 24 payments, $0.00.
- Note: Gap at its usual level−0.043% vs −0.031%The price leg adds little either way.
- Watch: Long leg is thinner$179K vs $340K OIBackpack sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- Watch: KYCBackpack Yes · Extended NoKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0215%/8h × 21 periods−$45.14
Price spread−0.043% → −0.031% (7d avg)−$1.23
Slippage, 4 orderslive order books−$3.67
Fee Backpack bp × 2 orders−$10.00
Fee Extended bp × 2 orders−$5.00
Net · 7 days · $10k−$65.05
Costs to cover0.187%Break-evennever at this rate
Slippage: Backpack: live order book, 55 min ago; Extended: live order book, 40 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBackpack0.165.9 bp−$6doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTExtended0.163.7 bp−$49.3 bp−$93doesn’t fitdoesn’t fit
Closing costs about the same again.
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