Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 147.85 | +0.0064 | pay 0.0008% / 1h | 29m 20s | $830K | $232K | — | Long AZverse | |
| SHORT | 147.56 | L +0.0545S −0.0296 | get 0.0037% / 1h | 29m 20s | $134K | $13K | 10x | Short GMX5% off |
Price gap−0.200%
Funding gap+0.0232% /8h
Funding pays +$7 a day on $10k, but the gap is 0.065% under its 7d average: −$7 if it goes back, about 23 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$8+0.0232% /8h now · paid +0.079% over the last 16 hours (all we have)
Price−$7spread −0.200% now, avg −0.134% → −0.065% if it goes back
Costsno datano order book for AZverse and GMX
Result, before costs+$1+0.01%no pointscosts unknown: no order book for AZverse and GMX · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.200%
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
/8hSPCX on 47 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Note: Order book unknown—No order-book sample for AZverse and GMX: its slippage is not counted.
- Note: Margin at max leverage— + $1,000AZverse —, GMX 10x. 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: +$6.96Long AZverse: 24 payments, −$1.91; short GMX: 24 payments, +$8.87.
- Watch: Gap narrower than usual−0.200% vs −0.134%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$134K vs $830K OIGMX 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 · GMX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0410%/8h × 21 periods+$86.11
Price spread−0.200% → −0.134% (7d avg)−$6.54
Slippage, 4 ordersno data for AZverse and GMX—
Fee AZverse bp × 2 orders−$12.00
Fee GMX bp × 2 orders−$12.00
Net, fees only · 7 days · $10k+$55.58
Costs to cover0.240%Break-even2.5 days
Slippage: AZverse: no order-book sample; GMX: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGAZverse—————
SELL · SHORTGMX—————
Closing costs about the same again.
AZverse and GMX: no data.
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