Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 94.783 | +0.0440 | pay 0.0055% / 1h | 46m 16s | $25K | $124K | 25x | Long Injective | |
| SHORT | 95.720 | +0.0050 | get 0.0006% / 1h | 46m 16s | $69K | $16K | 10x | Short Backpack |
Price gap+0.989%1381s
Funding gap−0.0390% /8h
The gap pays +$99 on $10k if it goes back to zero (no 7-day history yet), but funding costs $12 a day and eats that in about 8.5 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$65−0.0390% /8h now · paid +0.648% over the last 7D
Price—spread +0.989%1381s 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+0.989%
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 39 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$400 + $1,000Injective 25x, 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: −$11.70Long Injective: 24 payments, −$13.20; short Backpack: 24 payments, +$1.50.
- Watch: Prices read 23 min apart+0.989% vs —Part of this gap may be the market moving.
- Watch: Long 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: KYCInjective 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+0.0308%/8h × 21 periods+$64.76
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Backpack—
Fee Injective bp × 2 orders−$0.02
Fee Backpack bp × 2 orders−$10.00
Net, fees only · 7 days · $10k+$54.74
price spread not counted: prices read too far apartCosts to cover0.100%Break-even1.1 days
Slippage: Injective: live order book, 37 min ago; Backpack: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGInjective29.2529.3 bp−$2910625.9 bp−$106.3K196253.8 bp−$19.63M1021258.2 bp−$510.63M
SELL · SHORTBackpack—————
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 ↗ |
| 10-23 08:04 | Reya | Listing | $CRCL $HOOD $MSTR perps are live on Reya. The stablecoin issuer, the broker, and the one people bought because they couldn't buy bitcoin. Now all three trade next to our bitcoin perp. 24/7. 16 RWA perps and counting. Climb the waitlist to get inside. @reya_xyz on X ↗ |
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| 09-28 18:50 | Aevo | Other | bitcoin:native is back near $83k after trading above $86k last week. Whether you trade the continuation or pullback, all options and this week’s Perp Majors count toward the volume requirement for our year-end reward. This week’s Perp Majors include: BTC, ETH, SOL, ZEC, NEAR, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗ |


RISEx