Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 147.66 | +0.0046 | pay 0.0006% / 1h | 6m 39s | $600K | — | 10x | Long Vest Markets+5% pts | |
| SHORT | 149.20 | +0.0050 | get 0.0006% / 1h | 6m 39s | $451K | $23K | 10x | Short Backpack |
Price gap+1.043%
Funding gap+0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$107 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$47+0.0004% /8h now · paid +0.473% over the last 7D
Price+$107spread +1.043% now, avg −0.031% → +1.073% if it goes back
Costsno datano order book for Vest Markets
Result, before costs+$155+1.55%+ 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+1.043%
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
3 ok · 2 to watch- Note: Order book unknown—No order-book sample for Vest Markets: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $1,000Vest Markets 10x, Backpack 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: +$0.13Long Vest Markets: 24 payments, −$1.37; short Backpack: 24 payments, +$1.50.
- OK: Entry gap works for you+1.043% vs −0.031%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$451K vs $600K OIBackpack sets your exit cost. Check its book before closing.
- OK: Points on a legVest Markets pointsVolume here counts toward the points program.
- Watch: KYCVest Markets No · Backpack YesKYC (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+0.0225%/8h × 21 periods+$47.26
Price spread+1.043% → −0.031% (7d avg)+$107.34
Slippage, 4 ordersno data for Vest Markets—
Fee Vest Markets bp × 2 orders−$2.00
Fee Backpack bp × 2 orders−$10.00
Net, fees only · 7 days · $10k+$142.61
Costs to cover0.120%Break-evenfrom the start
Slippage: Vest Markets: no order-book sample; Backpack: live order book, 42 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVest Markets—————
SELL · SHORTBackpack0.346.1 bp−$637.1 bp−$371doesn’t fitdoesn’t fit
Closing costs about the same again.
Vest Markets: no data.
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