Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 148.25 | +0.0050 | pay 0.0006% / 1h | 31m 41s | $447K | $45K | 10x | Long Backpack | |
| SHORT | 148.22 | 0 | 0.0000% / 8h | 2h 31m | $20.0M | $522K | 20x | Short Aster≤10% back |
Price gap−0.021%
Funding gap−0.0050% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.078% 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−$39−0.0050% /8h now · paid −0.388% over the last 7D
Price−$8spread −0.021% now, avg +0.057% → −0.078% if it goes back
Costs−$230.232% of $10k · taker + slippage, in and out
Result−$70−0.70%+ 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−0.021%
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 · 4 to watch- OK: Fits both order books6.0 / 4.9 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $500Backpack 10x, 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: −$1.50Long Backpack: 24 payments, −$1.50; short Aster: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.021% vs +0.057%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$447K vs $20.0M OIBackpack sets your exit cost. Check its book before closing.
- OK: Points on a legAster Stage 5Volume here counts toward the points program.
- Watch: KYCBackpack Yes · Aster 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−0.0185%/8h × 21 periods−$38.83
Price spread−0.021% → +0.057% (7d avg)−$7.76
Slippage, 4 orderslive order books−$5.22
Fee Backpack bp × 2 orders−$10.00
Fee Aster bp × 2 orders−$8.00
Net · 7 days · $10k−$69.81
Costs to cover0.232%Break-evennever at this rate
Slippage: Backpack: live order book, 47 min ago; Aster: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBackpack0.346.0 bp−$639.3 bp−$393doesn’t fitdoesn’t fit
SELL · SHORTAster0.344.9 bp−$59.4 bp−$94doesn’t fitdoesn’t fit
Closing costs about the same again.
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