Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 525.16 | 0 | 0.0000% / 8h | 3h 05m | $5K | $709K | 20x | Long SunX≤10% back | |
| SHORT | 523.44 | −0.0354 | pay 0.0044% / 1h | 5m 56s | $25K | $201K | 15x | Short Reya |
Price gap−0.327%
Funding gap−0.0354% /8h
The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $11 a day and eats that in about 6 hours. At the last 7 days' pace that is about 4.2 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$4−0.0354% /8h now · paid −0.042% over the last 7D
Price+$3spread −0.327% now, avg −0.352% → +0.025% 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
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.042% in total, about −0.0020%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.327%
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
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$500 + $667SunX 20x, Reya 15x. 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: −$10.63Long SunX: 3 payments, $0.00; short Reya: 24 payments, −$10.63.
- OK: Entry gap works for you−0.327% vs −0.352%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long 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 legSunX No · Reya NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0020%/8h × 21 periods−$4.24
Price spread−0.327% → −0.352% (7d avg)+$2.52
Slippage, 4 ordersno data for Reya—
Fee SunX bp × 2 orders−$8.00
Fee Reya bp × 2 orders−$6.00
Net, fees only · 7 days · $10k−$15.72
Costs to cover0.140%Break-evennever at this rate
Slippage: SunX: live order book, 61 min ago; Reya: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGSunX29.13111.7 bp−$112doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTReya—————
Closing costs about the same again.
Reya: no data.
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