Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 212.67 | +0.0050 | pay 0.0006% / 1h | 23m 50s | $257K | $32K | 10x | Long Backpack | |
| SHORT | 212.76 | +0.0009 | get 0.0001% / 1h | 23m 50s | $369K | $31K | 20x | Short Nado20% off |
Price gap+0.042%
Funding gap−0.0041% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.023% 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−$32−0.0041% /8h now · paid −0.315% over the last 7D
Price−$2spread +0.042% now, avg +0.065% → −0.023% if it goes back
Costs−$210.205% of $10k · taker + slippage, in and out
Result−$54−0.54%+ Points / potential airdropNado: 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+0.042%
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
/8hNVDA on 45 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books6.3 / 4.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $500Backpack 10x, Nado 20x. 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: −$1.24Long Backpack: 24 payments, −$1.50; short Nado: 24 payments, +$0.26.
- Watch: Gap narrower than usual+0.042% vs +0.065%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$257K vs $369K OIBackpack sets your exit cost. Check its book before closing.
- OK: Points on a legNado pointsVolume here counts toward the points program.
- Watch: KYCBackpack Yes · Nado NoKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0150%/8h × 21 periods−$31.52
Price spread+0.042% → +0.065% (7d avg)−$2.26
Slippage, 4 orderslive order books−$3.52
Fee Backpack bp × 2 orders−$10.00
Fee Nado bp × 2 orders−$7.00
Net · 7 days · $10k−$54.30
Costs to cover0.205%Break-evennever at this rate
Slippage: Backpack: live order book, 39 min ago; Nado: live order book, 39 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBackpack0.236.3 bp−$615.9 bp−$159doesn’t fitdoesn’t fit
SELL · SHORTNado0.474.5 bp−$515.8 bp−$158doesn’t fitdoesn’t fit
Closing costs about the same again.
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