Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 95.710 | +0.0050 | pay 0.0006% / 1h | 47m 43s | $69K | $2K | 10x | Long Backpack | |
| SHORT | 94.784 | +0.0440 | get 0.0055% / 1h | 47m 43s | $25K | $124K | 25x | Short Injective |
Price gap−0.967%841s
Funding gap+0.0390% /8h
Funding pays +$12 a day on $10k, but the gap is 0.967% under zero (no 7-day history yet): −$97 if it goes back, about 8.3 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$64+0.0390% /8h now · paid −0.638% over the last 7D
Price—spread −0.967%841s now · prices read too far apart to compare
Costsno datano order book for Backpack
Result, before costs—no pointsneeds both prices read together
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−0.967%
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
/8hHOOD on 40 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Note: Order book unknown—No order-book sample for Backpack: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $400Backpack 10x, Injective 25x. 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: +$11.70Long Backpack: 24 payments, −$1.50; short Injective: 24 payments, +$13.20.
- Watch: Prices read 14 min apart−0.967% vs —Part of this gap may be the market moving.
- Watch: Short leg is thinner$25K vs $69K OIInjective sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBackpack Yes · Injective 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−0.0304%/8h × 21 periods−$63.79
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Backpack—
Fee Backpack bp × 2 orders−$10.00
Fee Injective bp × 2 orders−$0.02
Net, fees only · 7 days · $10k−$73.81
price spread not counted: prices read too far apartCosts to cover0.100%Break-evennever at this rate
Slippage: Backpack: no order-book sample; Injective: live order book, 20 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBackpack—————
SELL · SHORTInjective28.15135.3 bp−$135doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Backpack: no data.
| 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 ↗ |
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RISEx