Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 86.430 | +0.0389 | pay 0.0049% / 1h | 54m 24s | $139K | $61K | 10x | Long Nado20% off | |
| SHORT | 86.340 | +0.0050 | get 0.0006% / 1h | 54m 24s | $167K | $17K | 10x | Short Backpack |
Price gap−0.104%
Funding gap−0.0339% /8h
Both sides work against this direction now: funding costs $10 a day on $10k and the gap is 0.054% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$46−0.0339% /8h now · paid +0.458% over the last 7D
Price−$5spread −0.104% now, avg −0.050% → −0.054% if it goes back
Costs−$240.236% of $10k · taker + slippage, in and out
Result+$17+0.17%+ Points / potential airdropNado: points · farm boardWhat 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−0.104%
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 · 3 to watch- OK: Fits both order books5.7 / 5.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $1,000Nado 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: −$10.17Long Nado: 24 payments, −$11.67; short Backpack: 24 payments, +$1.50.
- Watch: Gap narrower than usual−0.104% vs −0.050%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$139K vs $167K OINado sets your exit cost. Check its book before closing.
- OK: Points on a legNado pointsVolume here counts toward the points program.
- Watch: KYCNado 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+0.0218%/8h × 21 periods+$45.82
Price spread−0.104% → −0.050% (7d avg)−$5.36
Slippage, 4 orderslive order books−$6.63
Fee Nado bp × 2 orders−$7.00
Fee Backpack bp × 2 orders−$10.00
Net · 7 days · $10k+$16.83
Costs to cover0.236%Break-even4.4 days
Slippage: Nado: live order book, 34 min ago; Backpack: live order book, 35 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGNado1.745.7 bp−$614.7 bp−$147doesn’t fitdoesn’t fit
SELL · SHORTBackpack0.585.8 bp−$6doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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