Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 148.99 | +0.0342 | pay 0.0043% / 1h | 0m 29s | $1.3M | $105K | 20x | Long Kraken Futures | |
| SHORT | 147.66 | +0.0046 | get 0.0006% / 1h | 0m 29s | $600K | — | 10x | Short Vest Markets+5% pts |
Price gap−0.890%
Funding gap−0.0297% /8h
Both sides work against this direction now: funding costs $9 a day on $10k and the gap is 0.907% 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−$31−0.0297% /8h now · paid −0.314% over the last 7D
Price−$91spread −0.890% now, avg +0.017% → −0.907% if it goes back
Costsno datano order book for Vest Markets
Result, before costs−$122−1.22%+ Points / potential airdropVest Markets: points · farm boardcosts unknown: no order book for 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−0.890%
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 · 3 to watch- Note: Order book unknown—No order-book sample for Vest Markets: its slippage is not counted.
- Note: Margin at max leverage$500 + $1,000Kraken Futures 20x, Vest Markets 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: −$8.90Long Kraken Futures: 24 payments, −$10.27; short Vest Markets: 24 payments, +$1.37.
- Watch: Gap narrower than usual−0.890% vs +0.017%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$600K vs $1.3M OIVest Markets sets your exit cost. Check its book before closing.
- OK: Points on a legVest Markets pointsVolume here counts toward the points program.
- Watch: KYCKraken Futures Yes · Vest Markets 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−0.0150%/8h × 21 periods−$31.45
Price spread−0.890% → +0.017% (7d avg)−$90.71
Slippage, 4 ordersno data for Vest Markets—
Fee Kraken Futures bp × 2 orders−$10.00
Fee Vest Markets bp × 2 orders−$2.00
Net, fees only · 7 days · $10k−$134.15
Costs to cover0.120%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 2 min ago; Vest Markets: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures4.3613.1 bp−$1319.0 bp−$1908116.3 bp−$811.6K80366.5 bp−$40.18M
SELL · SHORTVest Markets—————
Closing costs about the same again.
Vest Markets: no data.
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