Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 321.65 | +0.0161 | pay 0.0020% / 1h | 9m 59s | $351K | $69K | 20x | Long Nado20% off | |
| SHORT | 321.40 | +0.0050 | get 0.0006% / 1h | 9m 59s | $180K | $22K | 10x | Short Backpack |
Price gap−0.078%
Funding gap−0.0111% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.032% 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+$40−0.0111% /8h now · paid +0.399% over the last 7D
Price−$3spread −0.078% now, avg −0.046% → −0.032% if it goes back
Costs−$200.196% of $10k · taker + slippage, in and out
Result+$17+0.17%+ Points / potential airdropNado: 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−0.078%
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 · 3 to watch- OK: Fits both order books3.7 / 5.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $1,000Nado 20x, Backpack 10x. 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: −$3.34Long Nado: 24 payments, −$4.84; short Backpack: 24 payments, +$1.50.
- Watch: Gap narrower than usual−0.078% vs −0.046%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$180K vs $351K OIBackpack sets your exit cost. Check its book before closing.
- OK: Points on a legNado pointsVolume here counts toward the points program.
- Watch: KYCNado No · Backpack YesKYC (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+0.0190%/8h × 21 periods+$39.93
Price spread−0.078% → −0.046% (7d avg)−$3.18
Slippage, 4 orderslive order books−$2.58
Fee Nado bp × 2 orders−$7.00
Fee Backpack bp × 2 orders−$10.00
Net · 7 days · $10k+$17.16
Costs to cover0.196%Break-even4.0 days
Slippage: Nado: live order book, 12 min ago; Backpack: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGNado0.163.7 bp−$415.7 bp−$157doesn’t fitdoesn’t fit
SELL · SHORTBackpack0.475.5 bp−$5doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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