Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 132.25 | +0.0060 | pay 0.0008% / 1h | 14m 57s | $216K | $367K | — | Long AZverse | |
| SHORT | 132.22 | +0.0046 | get 0.0006% / 1h | 14m 57s | $184K | $177K | 25x | Short Vest Markets+5% pts |
Price gap−0.023%
Funding gap−0.0014% /8h
The gap pays +$15 on $10k if it goes back to its 7d average, but funding costs $0 a day and eats that in about 34 days. At the last 7 days' pace that is about 10 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$4−0.0014% /8h now · paid −0.044% over the last 3 days (all we have)
Price+$15spread −0.023% now, avg −0.168% → +0.145% if it goes back
Costsno datano order book for AZverse and Vest Markets
Result, before costs+$10+0.10%+ Points / potential airdropVest Markets: points · farm boardcosts unknown: no order book for AZverse and Vest Markets · 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−0.023%
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
/8hORCL on 33 exchanges
lowest funding firstBefore you open
4 ok · 1 to watch- Note: Order book unknown—No order-book sample for AZverse and Vest Markets: its slippage is not counted.
- Note: Margin at max leverage— + $400AZverse —, Vest Markets 25x. 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: −$0.43Long AZverse: 24 payments, −$1.80; short Vest Markets: 24 payments, +$1.37.
- OK: Entry gap works for you−0.023% vs −0.168%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$184K vs $216K OIVest Markets sets your exit cost. Check its book before closing.
- OK: Points on a legVest Markets pointsVolume here counts toward the points program.
- OK: No KYC on either legAZverse No · Vest Markets NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0048%/8h × 21 periods−$10.09
Price spread−0.023% → −0.168% (7d avg)+$14.53
Slippage, 4 ordersno data for AZverse and Vest Markets—
Fee AZverse bp × 2 orders−$12.00
Fee Vest Markets bp × 2 orders−$2.00
Net, fees only · 7 days · $10k−$9.56
Costs to cover0.140%Break-evenfrom the start
Slippage: AZverse: no order-book sample; Vest Markets: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGAZverse—————
SELL · SHORTVest Markets—————
Closing costs about the same again.
AZverse and Vest Markets: no data.
| 10-28 06:35 | tradeXYZ | Other | RELIANCE references 1 equity share of Reliance Industries Limited (NSE: RELIANCE). The oracle converts the INR share price to USD at the prevailing USD/INR FX rate. Reliance Industries operates energy, petrochemicals, retail, and digital services businesses. @tradexyz on X ↗ |
| 10-27 16:55 | Kalshi | Other | JUST IN: Oracle to offer Google TPUs in its cloud for the first time @Kalshi on X ↗ |
| 10-27 06:49 | Hyperliquid | Other | As a reminder, hyperps do not rely on any external data for the oracle price. Hyperps trade like perpetual contracts that users are familiar with, but do not require an external spot or index oracle price. Instead, the funding rate is determined relative to a moving average of the hyperp mark price. This makes the hyperp price more stable and less susceptible to manipulation, unlike usual pre-launch futures. When trading hyperps, funding rates are important to consider. If there is heavy price momentum in one direction, funding will heavily incentivize positions in the opposite direction for the next eight hours. As always, be sure to understand the contract before trading. Trading is on low leverage and isolated margin only. Beware of low liquidity, high volatility, potentially extreme funding, and increased liquidation risk. Note: XTEN-USDC will convert to a vanilla perp upon CEX listing. See Docs for more. XTEN-USDC is a hyperp contract that poses higher than normal risk. Do not trade contracts you are unfamiliar with and do not understand the risks for. Read the Docs to learn more about the hyperp mechanism and how it differs from vanilla perps. NFA. @HyperliquidX on X ↗ |
| 10-25 09:09 | AZverse | Listing | new market orcl_usdt ($ORCL) seen by our collector |
| 10-23 04:20 | tradeXYZ | Other | JIO references 1 equity share of Jio Platforms Limited, quoted in USD. JIO is currently a pre-IPO market reflecting the anticipated share price; it is expected to convert to a standard XYZ perpetual upon the IPO. After the IPO, the oracle will convert the underlying stock's INR price to USD at the prevailing USD/INR FX rate. Jio Platforms provides digital connectivity and digital services in India. @tradexyz on X ↗ |
| 10-19 22:35 | Paragon | Listing | para:PAPER has been halted and settled. The @papertrade_xyz launch plan, published October 1, included a phase in which PAPER would become transferable. para:PAPER was listed as a pre-launch perp on that basis, with the expectation that it would convert to a standard perp once a spot market became available. Papertrade announced today that they do not intend to make $PAPER transferable. The pre-launch perp relied on the expectation that its underlying will eventually trade. Traders took positions based on a public roadmap that supported that expectation. With it removed, there is no future spot price for the market to converge to. We halted para at 22:31:15 UTC immediately following the announcement rather than schedule a later closure. This established a common cutoff for all open positions and a consistent basis for settlement, limiting the impact of trading around the announcement. All open positions were settled at $0.026296, calculated as the time-weighted average oracle price over the hour ending at the halt, using the same one-hour averaging window as Hyperliquid’s validator-led delistings for HyperCore perps. All open orders were cancelled. Remaining margin has been released, and realized PnL is reflected in account balances. No action is required from traders. Should PAPER’s transferability plans change, we will review whether the market can be unhalted. @tradeparagon on X ↗ |
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