Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 64.684 | +0.0788 | pay 0.0099% / 1h | 3m 32s | $1.2M | $1.5M | 20x | Long Kraken Futures | |
| SHORT | 64.660 | −0.1583 | pay 0.0198% / 1h | 3m 32s | $19K | $117K | 5x | Short Reya |
Price gap−0.037%
Funding gap−0.2371% /8h
The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $71 a day and eats that in about 1 hour. At the last 7 days' pace that is about 5 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$151−0.2371% /8h now · paid −1.506% over the last 7D
Price+$4spread −0.037% now, avg −0.080% → +0.042% if it goes back
Costsno datano order book for Reya
Result, before costs−$146−1.46%+ 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 −1.506% in total, about −0.0717%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.037%
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
3 ok · 2 to watch- Note: Order book unknown—No order-book sample for Reya: its slippage is not counted.
- Note: Margin at max leverage$500 + $2,000Kraken Futures 20x, 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: −$71.13Long Kraken Futures: 24 payments, −$23.65; short Reya: 24 payments, −$47.48.
- OK: Entry gap works for you−0.037% vs −0.080%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$19K vs $1.2M OIReya sets your exit cost. Check its book before closing.
- OK: Points on a legReya pointsVolume here counts toward the points program.
- Watch: KYCKraken Futures Yes · Reya NoFull 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−0.0717%/8h × 21 periods−$150.61
Price spread−0.037% → −0.080% (7d avg)+$4.22
Slippage, 4 ordersno data for Reya—
Fee Kraken Futures bp × 2 orders−$10.00
Fee Reya bp × 2 orders−$6.00
Net, fees only · 7 days · $10k−$162.39
Costs to cover0.160%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 4 min ago; Reya: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures4.6422.9 bp−$23779.8 bp−$7,798doesn’t fitdoesn’t fit
SELL · SHORTReya—————
Closing costs about the same again.
Reya: no data.
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