Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 204.45 | +0.0010 | pay 0.0001% / 1h | 59m 07s | $346K | $1.7M | 25x | Long Entropy | |
| SHORT | 205.05 | 0 | 0.0000% / 8h | 3h 59m | $1.2M | $6.4M | 20x | Short Aster≤10% back |
Price gap+0.295%
Funding gap−0.0010% /8h
The gap pays +$13 on $10k if it goes back to its 7d average, but funding costs $0 a day and eats that in about 42 days. At the last 7 days' pace that is about 9.6 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$5−0.0010% /8h now · paid −0.047% over the last 4 days (all we have)
Price+$13spread +0.295% now, avg +0.168% → +0.127% if it goes back
Costs−$200.202% of $10k · taker + slippage, in and out
Result−$12−0.12%+ Points / potential airdropAster: Stage 5 · 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+0.295%
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 46 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books4.6 / 6.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$400 + $500Entropy 25x, Aster 20x. 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: −$0.31Long Entropy: 24 payments, −$0.31; short Aster: 3 payments, $0.00.
- OK: Entry gap works for you+0.295% vs +0.168%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$346K vs $1.2M OIEntropy sets your exit cost. Check its book before closing.
- OK: Points on a legAster Stage 5Volume here counts toward the points program.
- OK: No KYC on either legEntropy No · Aster NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0044%/8h × 21 periods−$9.26
Price spread+0.295% → +0.168% (7d avg)+$12.74
Slippage, 4 orderslive order books−$10.38
Fee Entropy bp × 2 orders−$1.80
Fee Aster bp × 2 orders−$8.00
Net · 7 days · $10k−$16.69
Costs to cover0.202%Break-evennever at this rate
Slippage: Entropy: live order book, 7 min ago; Aster: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGEntropy0.734.6 bp−$549.1 bp−$491doesn’t fitdoesn’t fit
SELL · SHORTAster1.716.0 bp−$6doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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