Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 12.322 | +0.0050 | pay 0.0050% / 8h | 1h 49m | $1.9M | $992K | 20x | Long Bitget | |
| SHORT | 12.830 | −0.0117 | pay 0.0015% / 1h | 49m 38s | $159K | $141K | 5x | Short tradeXYZ |
Price gap+4.123%
Funding gap−0.0167% /8h
The gap pays +$178 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 36 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0−0.0167% /8h now · paid +0.001% over the last 2 hours (all we have)
Price+$178spread +4.123% now, avg +2.341% → +1.782% if it goes back
Costs−$4664.664% of $10k · taker + slippage, in and out
Result−$288−2.88%+ Points / potential airdroptradeXYZ: 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+4.123%
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
/8hJIO on 3 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size12.9 / 338.8 bpAt $10k entering tradeXYZ costs 338.8 bp, fee and slippage, 26.3× Bitget’s.
- Note: Margin at max leverage$500 + $2,000Bitget 20x, tradeXYZ 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$5.00Long Bitget: 3 payments, −$1.50; short tradeXYZ: 24 payments, −$3.50.
- OK: Entry gap works for you+4.123% vs +2.341%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$159K vs $1.9M OItradeXYZ sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCBitget Yes · tradeXYZ NoKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0040%/8h × 21 periods+$8.32
Price spread+4.123% → +2.341% (7d avg)+$178.19
Slippage, 4 orderslive order books−$452.60
Fee Bitget bp × 2 orders−$12.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$279.89
Costs to cover4.664%Break-even242.4 days
Slippage: Bitget: live order book, 9 min ago; tradeXYZ: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBitget3.2512.9 bp−$1317.7 bp−$1771967.7 bp−$196.8Kdoesn’t fit
SELL · SHORTtradeXYZ56.83338.8 bp−$3391556.3 bp−$15.6Kdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-23 04:20 | tradeXYZ | Other | Pre-IPO markets may involve heightened volatility as market expectations evolve. During this period, the mark price may reach the applicable discovery bounds more frequently, temporarily limiting how far the mark price can move from its reference price. Market participants should familiarize themselves with the operation of XYZ’s discovery bounds and review the current market configuration for JIO: Discovery bounds: JIO market details: @tradexyz on X ↗ |
| 10-23 04:20 | tradeXYZ | Other | JIO references 1 equity share of Jio Platforms Limited, quoted in USD. JIO is currently a pre-IPO market reflecting the anticipated share price; it is expected to convert to a standard XYZ perpetual upon the IPO. After the IPO, the oracle will convert the underlying stock's INR price to USD at the prevailing USD/INR FX rate. Jio Platforms provides digital connectivity and digital services in India. @tradexyz on X ↗ |
| 10-23 04:20 | tradeXYZ | Listing | The Pre-IPO Perpetual (IPOP) Market for JIO is now live. @tradexyz on X ↗ |
| 10-23 04:16 | tradeXYZ | Listing | new market xyz:JIO ($JIO) seen by our collector |
| 10-21 05:03 | Bitget | Other | Got questions about $JIO Pre-IPO Perpetuals? • How does it differ from traditional Pre-IPO investing • How can you trade it • Will it match Jio’s IPO price • What happens if IPO is delayed or cancelled Swipe right. We break it all down for you. @bitget on X ↗ |
| 10-20 13:00 | Bitget | Other | Trade $JIO Pre-IPO Perpetuals on Bitget now. @bitget on X ↗ |