Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 64.750 | −0.1964 | get 0.0246% / 1h | 58m 28s | $19K | $119K | 5x | Long Reya | |
| SHORT | 64.970 | −0.0021 | pay 0.0003% / 1h | 58m 28s | $280K | $1.5M | 10x | Short Backpack |
Price gap+0.339%
Funding gap+0.1943% /8h
Both sides work: funding pays +$58 a day on $10k, and the gap is 0.257% above its 7d average: +$26 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$104+0.1943% /8h now · paid +1.038% over the last 7D
Price+$26spread +0.339% now, avg +0.082% → +0.257% if it goes back
Costsno datano order book for Reya
Result, before costs+$130+1.30%+ 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 above what this pair has been paying: over the last 7 days it paid +1.038% in total, about +0.0494%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.339%
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$2,000 + $1,000Reya 5x, 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: +$58.30Long Reya: 24 payments, +$58.93; short Backpack: 24 payments, −$0.63.
- OK: Entry gap works for you+0.339% vs +0.082%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$19K vs $280K OIReya sets your exit cost. Check its book before closing.
- OK: Points on a legReya pointsVolume here counts toward the points program.
- Watch: KYCReya 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+0.0494%/8h × 21 periods+$103.83
Price spread+0.339% → +0.082% (7d avg)+$25.73
Slippage, 4 ordersno data for Reya—
Fee Reya bp × 2 orders−$6.00
Fee Backpack bp × 2 orders−$10.00
Net, fees only · 7 days · $10k+$113.56
Costs to cover0.160%Break-evenfrom the start
Slippage: Reya: no order-book sample; Backpack: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGReya—————
SELL · SHORTBackpack0.7713.5 bp−$13doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Reya: no data.
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