Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 321.05 | +0.0103 | pay 0.0013% / 1h | 1m 47s | $99.3M | $6.3M | 20x | Long tradeXYZ | |
| SHORT | 321.32 | +0.0050 | get 0.0006% / 1h | 1m 47s | $179K | $33K | 10x | Short Backpack |
Price gap+0.084%
Funding gap−0.0053% /8h
The gap pays +$2 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 34 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$43−0.0053% /8h now · paid +0.433% over the last 7D
Price+$2spread +0.084% now, avg +0.062% → +0.022% if it goes back
Costs−$140.144% of $10k · taker + slippage, in and out
Result+$31+0.31%+ Points / potential airdroptradeXYZ: 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+0.084%
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
4 ok · 2 to watch- OK: Fits both order books1.6 / 6.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $1,000tradeXYZ 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: −$1.60Long tradeXYZ: 24 payments, −$3.10; short Backpack: 24 payments, +$1.50.
- OK: Entry gap works for you+0.084% vs +0.062%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$179K vs $99.3M OIBackpack sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCtradeXYZ 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+0.0206%/8h × 21 periods+$43.32
Price spread+0.084% → +0.062% (7d avg)+$2.25
Slippage, 4 orderslive order books−$2.63
Fee tradeXYZ bp × 2 orders−$1.80
Fee Backpack bp × 2 orders−$10.00
Net · 7 days · $10k+$31.14
Costs to cover0.144%Break-even2.0 days
Slippage: tradeXYZ: live order book, 8 min ago; Backpack: live order book, 37 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ0.311.6 bp−$23.3 bp−$3314.8 bp−$1,477133.2 bp−$66.6K
SELL · SHORTBackpack0.166.1 bp−$6doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-23 16:53 | Backpack | Other | Earnings & macro to watch for Oct 26–30 ▸ Macro: Fed decision, GDP, PCE ▸ Tech & AI: $GOOGL $MSFT $AMZN $INTC $SKHY $SNDK $VRT ▸ Crypto & finance: $HOOD $COIN $SOFI $V $MSTR ▸ Healthcare: $LLY $ABBV ▸ Energy: $XOM $CVX Full market calendar → @Backpack on X ↗ |
| 10-21 07:41 | Phemex | Other | Earnings season is on. Tesla and Meta report this week. Alphabet, Microsoft, Amazon, Apple and NVIDIA follow through mid-November. 🤑 $200 pool. 20 winners. $10 USDT Bonus each. ✅ Follow @Phemex_official, share your view & Phemex UID below ✅ Post with #EarningsSeason and tag the ticker you’re watching Oct 21 – Oct 30 @Phemex_official on X ↗ |
| 10-20 08:33 | HTX | Other | BIG tech earnings week incoming: Oct 21: $TSLA $META Oct 28: $MSFT $GOOGL Oct 29: $AMZN Which one has the BIGGEST move? Trade them 24/7 on @HTXFutures. @HTX_Global on X ↗ |
| 10-19 18:30 | Arcus | Product | Leverage update on Arcus: $SPCX and MAG7 perpetuals - $AAPL, $MSFT, $GOOGL, $AMZN, $NVDA, $META, $TSLA - now support up to 20x leverage (up from 5x and 10x). Live now. @arcus_xyz on X ↗ |
| 10-19 00:30 | OKX | Other | Tech giants report in the coming weeks. $TSLA $GOOGL $MSFT $META $AAPL $AMZN Trade eligible tokenized stocks anytime or make your earnings picks on Outcomes, where available. @okx on X ↗ |
| 10-15 15:54 | Reya | Listing | Earnings season has started. Microsoft, Alphabet and Meta report on 28 October. Amazon the 29th. Apple on 2 November. Mag 7 perps are live on Reya. Up to 15x. @reya_xyz on X ↗ |


Phemex
HTX
OKX