Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 523.56 | +0.0100 | pay 0.0013% / 1h | 56m 27s | $25K | $201K | 15x | Long Reya | |
| SHORT | 525.08 | 0 | 0.0000% / 8h | 3h 56m | $5K | $709K | 20x | Short SunX≤10% back |
Price gap+0.290%
Funding gap−0.0100% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.064% 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+$4−0.0100% /8h now · paid +0.044% over the last 7D
Price−$6spread +0.290% now, avg +0.354% → −0.064% if it goes back
Costsno datano order book for Reya
Result, before costs−$2−0.02%+ Points / potential airdropReya: points · farm boardcosts unknown: no order book for Reya · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.290%
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
/8hMSFT on 39 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Note: Order book unknown—No order-book sample for Reya: its slippage is not counted.
- Note: Margin at max leverage$667 + $500Reya 15x, SunX 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$3.00Long Reya: 24 payments, −$3.00; short SunX: 3 payments, $0.00.
- Watch: Gap narrower than usual+0.290% vs +0.354%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$5K vs $25K OISunX sets your exit cost. Check its book before closing.
- OK: Points on a legReya pointsVolume here counts toward the points program.
- OK: No KYC on either legReya No · SunX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0021%/8h × 21 periods+$4.43
Price spread+0.290% → +0.354% (7d avg)−$6.38
Slippage, 4 ordersno data for Reya—
Fee Reya bp × 2 orders−$6.00
Fee SunX bp × 2 orders−$8.00
Net, fees only · 7 days · $10k−$15.95
Costs to cover0.140%Break-even32.2 days
Slippage: Reya: no order-book sample; SunX: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGReya—————
SELL · SHORTSunX29.13104.4 bp−$104doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Reya: no data.
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