Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 133.41 | +0.0100 | pay 0.0013% / 1h | 9m 57s | $125K | $166K | 10x | Long Pacifica10% back | |
| SHORT | 133.84 | 0 | 0.0000% / 8h | 6h 09m | $914K | $1.3M | 50x | Short HTX |
Price gap+0.325%
Funding gap−0.0100% /8h
The gap pays +$18 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 6.2 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$18−0.0100% /8h now · paid +0.181% over the last 7D
Price+$18spread +0.325% now, avg +0.141% → +0.185% if it goes back
Costs−$1071.067% of $10k · taker + slippage, in and out
Result−$70−0.70%+ Points / potential airdropPacifica: 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+0.325%
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
/8hMSTR on 41 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size18.1 / 30.2 bpAt $10k entering HTX costs 30.2 bp, fee and slippage, 1.7× Pacifica’s.
- Note: Margin at max leverage$1,000 + $200Pacifica 10x, HTX 50x. 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 Pacifica: 24 payments, −$3.00; short HTX: 3 payments, $0.00.
- OK: Entry gap works for you+0.325% vs +0.141%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$125K vs $914K OIPacifica sets your exit cost. Check its book before closing.
- OK: Points on a legPacifica pointsVolume here counts toward the points program.
- Watch: KYCPacifica No · HTX LimitedNo ID for accounts opened since 2026-03-30: futures up to 5x and no API trading; more leverage and the API need level-2 KYC.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0086%/8h × 21 periods+$18.08
Price spread+0.325% → +0.141% (7d avg)+$18.48
Slippage, 4 orderslive order books−$86.66
Fee Pacifica bp × 2 orders−$8.00
Fee HTX bp × 2 orders−$12.00
Net · 7 days · $10k−$70.10
Costs to cover1.067%Break-even34.1 days
Slippage: Pacifica: live order book, 46 min ago; HTX: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPacifica0.6018.1 bp−$1830.1 bp−$301doesn’t fitdoesn’t fit
SELL · SHORTHTX17.5530.2 bp−$30490.1 bp−$4,901doesn’t fitdoesn’t fit
Closing costs about the same again.
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