Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 87.340 | +0.0050 | pay 0.0006% / 1h | 4m 12s | $168K | $5K | 10x | Long Backpack | |
| SHORT | 86.710 | +0.0046 | get 0.0006% / 1h | 4m 12s | $253K | — | 25x | Short Vest Markets+5% pts |
Price gap−0.721%
Funding gap−0.0004% /8h
Funding is ≈ 0 and the gap is 0.703% under its 7d average: the price leg works against you, −$70 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$52−0.0004% /8h now · paid −0.520% over the last 7D
Price−$70spread −0.721% now, avg −0.018% → −0.703% if it goes back
Costsno datano order book for Vest Markets
Result, before costs−$122−1.22%+ Points / potential airdropVest Markets: points · farm boardcosts unknown: no order book for Vest Markets · What the last 7D really paid, hour by hour → backtest
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−0.721%
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 · 3 to watch- Note: Order book unknown—No order-book sample for Vest Markets: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $400Backpack 10x, Vest Markets 25x. 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: −$0.13Long Backpack: 24 payments, −$1.50; short Vest Markets: 24 payments, +$1.37.
- Watch: Gap narrower than usual−0.721% vs −0.018%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$168K vs $253K OIBackpack sets your exit cost. Check its book before closing.
- OK: Points on a legVest Markets pointsVolume here counts toward the points program.
- Watch: KYCBackpack Yes · Vest Markets 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−0.0247%/8h × 21 periods−$51.96
Price spread−0.721% → −0.018% (7d avg)−$70.35
Slippage, 4 ordersno data for Vest Markets—
Fee Backpack bp × 2 orders−$10.00
Fee Vest Markets bp × 2 orders−$2.00
Net, fees only · 7 days · $10k−$134.31
Costs to cover0.120%Break-evennever at this rate
Slippage: Backpack: live order book, 39 min ago; Vest Markets: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGBackpack0.578.5 bp−$9doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTVest Markets—————
Closing costs about the same again.
Vest Markets: no data.
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