Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 64.720 | +0.0022 | pay 0.0003% / 1h | 6m 08s | $279K | $1.5M | 10x | Long Backpack | |
| SHORT | 64.662 | −0.1721 | pay 0.0215% / 1h | 6m 08s | $19K | $117K | 5x | Short Reya |
Price gap−0.090%
Funding gap−0.1742% /8h
Funding costs $52 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$105−0.1742% /8h now · paid −1.051% over the last 7D
Price−$1spread −0.090% now, avg −0.083% → −0.008% if it goes back
Costsno datano order book for Reya
Result, before costs−$106−1.06%+ Points / potential airdropReya: points · farm boardcosts unknown: no order book for Reya · 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 −1.051% in total, about −0.0501%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.090%
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
2 ok · 2 to watch- Note: Order book unknown—No order-book sample for Reya: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $2,000Backpack 10x, Reya 5x. 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: −$52.26Long Backpack: 24 payments, −$0.65; short Reya: 24 payments, −$51.62.
- Note: Gap at its usual level−0.090% vs −0.083%The price leg adds little either way.
- Watch: Short leg is thinner$19K vs $279K OIReya sets your exit cost. Check its book before closing.
- OK: Points on a legReya pointsVolume here counts toward the points program.
- Watch: KYCBackpack Yes · Reya 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−0.0501%/8h × 21 periods−$105.12
Price spread−0.090% → −0.083% (7d avg)−$0.76
Slippage, 4 ordersno data for Reya—
Fee Backpack bp × 2 orders−$10.00
Fee Reya bp × 2 orders−$6.00
Net, fees only · 7 days · $10k−$121.88
Costs to cover0.160%Break-evennever at this rate
Slippage: Backpack: live order book, 2 min ago; Reya: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGBackpack0.7717.1 bp−$17doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTReya—————
Closing costs about the same again.
Reya: no data.
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