Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 86.720 | +0.0046 | pay 0.0006% / 1h | 6m 40s | $253K | — | 25x | Long Vest Markets+5% pts | |
| SHORT | 87.350 | +0.0024 | get 0.0003% / 1h | 6m 40s | $168K | $5K | 10x | Short Backpack |
Price gap+0.726%
Funding gap−0.0022% /8h
The gap pays +$73 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 4 months.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$52−0.0022% /8h now · paid +0.520% over the last 7D
Price+$73spread +0.726% now, avg −0.002% → +0.729% if it goes back
Costsno datano order book for Vest Markets
Result, before costs+$125+1.25%+ 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+0.726%
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 Vest Markets: its slippage is not counted.
- Note: Margin at max leverage$400 + $1,000Vest Markets 25x, 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: −$0.65Long Vest Markets: 24 payments, −$1.37; short Backpack: 24 payments, +$0.72.
- OK: Entry gap works for you+0.726% vs −0.002%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short 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: KYCVest Markets 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+0.0248%/8h × 21 periods+$52.00
Price spread+0.726% → −0.002% (7d avg)+$72.86
Slippage, 4 ordersno data for Vest Markets—
Fee Vest Markets bp × 2 orders−$2.00
Fee Backpack bp × 2 orders−$10.00
Net, fees only · 7 days · $10k+$112.86
Costs to cover0.120%Break-evenfrom the start
Slippage: Vest Markets: no order-book sample; Backpack: live order book, 41 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVest Markets—————
SELL · SHORTBackpack0.575.8 bp−$6doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Vest Markets: no data.
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