Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 94.860 | +0.0046 | pay 0.0006% / 1h | 6m 18s | $121K | — | 25x | Long Vest Markets+5% pts | |
| SHORT | 95.810 | −0.0016 | pay 0.0002% / 1h | 6m 18s | $69K | $2K | 10x | Short Backpack |
Price gap+1.001%
Funding gap−0.0062% /8h
The gap pays +$100 on $10k if it goes back to zero (no 7-day history yet), but funding costs $2 a day and eats that in about 54 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0−0.0062% /8h now · paid +0.001% over the last 7D
Price—spread +1.001% now · no price history on both exchanges yet
Costsno datano order book for Vest Markets and Backpack
Result, before costs—+ Points / potential airdropVest Markets: points · farm boardneeds both price histories
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+1.001%
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
2 ok · 2 to watch- Note: Order book unknown—No order-book sample for Vest Markets and Backpack: its slippage is not counted.
- Note: Margin at max leverage$400 + $1,000Vest Markets 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: −$1.85Long Vest Markets: 24 payments, −$1.37; short Backpack: 24 payments, −$0.48.
- Note: No 7-day spread history+1.001%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$69K vs $121K OIBackpack sets your exit cost. Check its book before closing.
- OK: Points on a legVest Markets pointsVolume here counts toward the points program.
- Watch: KYCVest Markets 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 earned0.0000%/8h × 21 periods+$0.06
Price spread+1.001% → 0+$100.15
Slippage, 4 ordersno data for Vest Markets and Backpack—
Fee Vest Markets bp × 2 orders−$2.00
Fee Backpack bp × 2 orders−$10.00
Net, fees only · 7 days · $10k+$88.21
Costs to cover0.120%Break-evenfrom the start
Slippage: Vest Markets: no order-book sample; Backpack: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGVest Markets—————
SELL · SHORTBackpack—————
Closing costs about the same again.
Vest Markets and 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 $MSTR perps are live on Reya. The stablecoin issuer, the broker, and the one people bought because they couldn't buy bitcoin. Now all three trade next to our bitcoin perp. 24/7. 16 RWA perps and counting. Climb the waitlist to get inside. @reya_xyz on X ↗ |
| 10-20 13:01 | Reya | Listing | new market HOODRUSDPERP ($HOOD) seen by our collector |
| 10-05 12:38 | RISEx | Listing | September has been an extra special month - all because of you. On Sep 25, we hit $10B in cumulative volume, and one week later, we pushed open interest to a new all-time high of $ 77.3M. Product Highlight • Custom referral code slugs are now open to everyone • We launched Impact Pool for our power traders to reward size • Paid dividends on SPY and QQQ • Shipped TWAP and one-click trading, plus more UX upgrades • Improved mobile experience with QR login 9 new listings: 7 RWA and 2 Crypto $MSTR, $NVDA, $KORU, $HOOD, $TSLA, $CRCL, $SKHYNIX, $ARB, $ONDO - together a total of $126M in volume within their first month By the numbers • Total volume: $10.65B • Peak 24hr volume: $153,594,486 • Total active accounts: 11,669 • Total RWA volume: $2.12B • Peak open interest: $71,685,253 (new ATH $77.3M on 2 Oct) • Total fees: $2,750,797 • Peak daily active users: 3,211 • Total liquidations: $32,858,815 RISE will move as one. And we’re just getting started @risextrade on X ↗ |
| 09-30 13:31 | Vest Markets | Other | At the open, $HOOD is up around 5%, with Robinhood's HOOD Summit bringing AI trading agents and perpetual futures. More than 150,000 customers have opened agentic trading accounts since May, with the agents running nearly 30 million daily tool queries. Trade $HOOD volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗ |
| 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