Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 70.917 | +0.0361 | pay 0.0045% / 1h | 58m 51s | $1K | $197K | 10x | Long Aftermath Perps5% off | |
| SHORT | 70.920 | +0.1473 | get 0.0184% / 1h | 58m 51s | $320K | $1.5M | 10x | Short Backpack |
Price gap+0.004%
Funding gap+0.1111% /8h
Funding trade: +$33 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$8+0.1111% /8h now · paid +0.083% over the last 7D
Price+$1spread +0.004% now, avg −0.004% → +0.008% if it goes back
Costs−$760.755% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.083% in total, about +0.0040%/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+0.004%
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
/8hINTC on 43 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size37.1 / 6.4 bpAt $10k entering Aftermath Perps costs 37.1 bp, fee and slippage, 5.8× Backpack’s.
- Note: Margin at max leverage$1,000 + $1,000Aftermath Perps 10x, 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: +$33.34Long Aftermath Perps: 24 payments, −$10.84; short Backpack: 24 payments, +$44.18.
- Note: Gap at its usual level+0.004% vs −0.004%The price leg adds little either way.
- Watch: Long leg is thinner$1K vs $320K OIAftermath Perps sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCAftermath Perps 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+0.0040%/8h × 21 periods+$8.34
Price spread+0.004% → −0.004% (7d avg)+$0.77
Slippage, 4 orderslive order books−$56.54
Fee Aftermath Perps bp × 2 orders−$9.00
Fee Backpack bp × 2 orders−$10.00
Net · 7 days · $10k−$66.42
Costs to cover0.755%Break-even62.7 days
Slippage: Aftermath Perps: live order book, 49 min ago; Backpack: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAftermath Perps6.4737.1 bp−$37doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBackpack1.416.4 bp−$634.8 bp−$348doesn’t fitdoesn’t fit
Closing costs about the same again.
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