Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 29,000.5 | +0.0060 | pay 0.0008% / 1h | 17m 23s | $242K | $14K | — | Long AZverse | |
| SHORT | 29,057.3 | 0 | 0.0000% / 4h | 1h 17m | $1.4M | $125K | 10x | Short Phemex |
Price gap+0.196%
Funding gap−0.0060% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.071% 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−$1−0.0060% /8h now · paid −0.011% over the last 15 hours (all we have)
Price−$7spread +0.196% now, avg +0.267% → −0.071% if it goes back
Costsno datano order book for AZverse
Result, before costs−$8−0.08%no pointscosts unknown: no order book for AZverse · 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+0.196%
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
/8hNAS100 on 22 exchanges
lowest funding firstBefore you open
0 ok · 4 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage— + $1,000AZverse —, Phemex 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.80Long AZverse: 24 payments, −$1.80; short Phemex: 6 payments, $0.00.
- Watch: Gap narrower than usual+0.196% vs +0.267%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$242K vs $1.4M OIAZverse sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCAZverse No · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0057%/8h × 21 periods−$12.00
Price spread+0.196% → +0.267% (7d avg)−$7.07
Slippage, 4 ordersno data for AZverse—
Fee AZverse bp × 2 orders−$12.00
Fee Phemex bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$43.07
Costs to cover0.240%Break-evennever at this rate
Slippage: AZverse: no order-book sample; Phemex: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAZverse—————
SELL · SHORTPhemex0.4018.0 bp−$1877.5 bp−$775doesn’t fitdoesn’t fit
Closing costs about the same again.
AZverse: no data.
| 10-14 15:01 | Variational Omni | Other | Yesterday, a trader on Variational executed a $2M US100 short with under 1 bip in execution costs. TradFi liquidity, now on-chain with swaps. @variational_io on X ↗ |
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