Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 137.20 | +0.0106 | pay 0.0013% / 1h | 23m 49s | $1.5M | $982K | 20x | Long Kraken Futures | |
| SHORT | 136.14 | +0.0047 | get 0.0006% / 1h | 23m 49s | $18K | $141K | 10x | Short Aftermath Perps5% off |
Price gap−0.770%
Funding gap−0.0059% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.754% 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−$39−0.0059% /8h now · paid −0.393% over the last 7D
Price−$75spread −0.770% now, avg −0.016% → −0.754% if it goes back
Costs−$1151.152% of $10k · taker + slippage, in and out
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−0.770%
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
1 ok · 4 to watch- Watch: Thin at this size10.7 / 15.7 bpAt $10k entering Aftermath Perps costs 15.7 bp, fee and slippage, 1.5× Kraken Futures’s.
- Note: Margin at max leverage$500 + $1,000Kraken Futures 20x, Aftermath Perps 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: −$1.77Long Kraken Futures: 24 payments, −$3.17; short Aftermath Perps: 24 payments, +$1.41.
- Watch: Gap narrower than usual−0.770% vs −0.016%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$18K vs $1.5M OIAftermath Perps sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKraken Futures Yes · Aftermath Perps NoFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0187%/8h × 21 periods−$39.33
Price spread−0.770% → −0.016% (7d avg)−$75.41
Slippage, 4 orderslive order books−$96.18
Fee Kraken Futures bp × 2 orders−$10.00
Fee Aftermath Perps bp × 2 orders−$9.00
Net · 7 days · $10k−$229.92
Costs to cover1.152%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 4 min ago; Aftermath Perps: live order book, 64 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures4.0110.7 bp−$1120.5 bp−$20512733.2 bp−$1.27M103399.4 bp−$51.70M
SELL · SHORTAftermath Perps1.7815.7 bp−$16doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-30 12:26 | Reya | Points | In other news, the orderbook admits one wave at a time. Trade binancecoin:native, $SPCX and a growing list of crypto and RWA perps in Season 2. Join the waitlist before the next announcement makes the queue longer. @reya_xyz on X ↗ |
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