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 | 44m 21s | $121K | — | 25x | Long Vest Markets+5% pts | |
| SHORT | 95.697 | −0.0594 | pay 0.0074% / 1h | 44m 21s | $311K | $16K | 20x | Short Kraken Futures |
Price gap+0.882%
Funding gap−0.0640% /8h
The gap pays +$90 on $10k if it goes back to its 7d average, but funding costs $19 a day and eats that in about 4.7 days. At the last 7 days' pace that is about 24 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$26−0.0640% /8h now · paid −0.263% over the last 7D
Price+$90spread +0.882% now, avg −0.015% → +0.897% if it goes back
Costsno datano order book for Vest Markets
Result, before costs+$63+0.63%+ Points / potential airdropVest Markets: points · farm boardcosts unknown: no order book for Vest Markets · What the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.263% in total, about −0.0125%/8h on average.
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+0.882%
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
3 ok · 2 to watch- Note: Order book unknown—No order-book sample for Vest Markets: its slippage is not counted.
- Note: Margin at max leverage$400 + $500Vest Markets 25x, Kraken Futures 20x. 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: −$19.20Long Vest Markets: 24 payments, −$1.37; short Kraken Futures: 24 payments, −$17.83.
- OK: Entry gap works for you+0.882% vs −0.015%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$121K vs $311K OIVest Markets 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 · Kraken Futures YesFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0125%/8h × 21 periods−$26.30
Price spread+0.882% → −0.015% (7d avg)+$89.73
Slippage, 4 ordersno data for Vest Markets—
Fee Vest Markets bp × 2 orders−$2.00
Fee Kraken Futures bp × 2 orders−$10.00
Net, fees only · 7 days · $10k+$51.43
Costs to cover0.120%Break-evenfrom the start
Slippage: Vest Markets: no order-book sample; Kraken Futures: live order book, 13 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVest Markets—————
SELL · SHORTKraken Futures12.5322.2 bp−$2235.1 bp−$351doesn’t fitdoesn’t fit
Closing costs about the same again.
Vest Markets: no data.
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