Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 29,007 | +0.0060 | pay 0.0008% / 1h | 10m 58s | $242K | $17K | — | Long AZverse | |
| SHORT | 29,008 | 0 | 0.0000% / 1h | 10m 58s | $5.4M | $3.0M | 30x | Short QFEX10% back |
Price gap+0.003%
Funding gap−0.0060% /8h
Funding costs $2 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$2−0.0060% /8h now · paid −0.019% over the last 1 day (all we have)
Price+$1spread +0.003% now, avg −0.004% → +0.007% if it goes back
Costsno datano order book for AZverse
Result, before costs−$1−0.01%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+0.003%
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
2 ok · 1 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage— + $333AZverse —, QFEX 30x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$1.80Long AZverse: 24 payments, −$1.80; short QFEX: 24 payments, $0.00.
- Note: Gap at its usual level+0.003% vs −0.004%The price leg adds little either way.
- Watch: Long leg is thinner$242K vs $5.4M OIAZverse sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legAZverse No · QFEX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0058%/8h × 21 periods−$12.21
Price spread+0.003% → −0.004% (7d avg)+$0.69
Slippage, 4 ordersno data for AZverse—
Fee AZverse bp × 2 orders−$12.00
Fee QFEX bp × 2 orders−$10.00
Net, fees only · 7 days · $10k−$33.51
Costs to cover0.220%Break-evennever at this rate
Slippage: AZverse: no order-book sample; QFEX: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAZverse—————
SELL · SHORTQFEX0.176.4 bp−$612.0 bp−$120doesn’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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| 10-04 20:17 | Aftermath Perps | Listing | You can now long or short US100 (100 largest non-financial companies listed on Nasdaq) with up to 10x leverage. @AftermathFi on X ↗ |
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