Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 49.543 | +0.0161 | pay 0.0020% / 1h | 12m 41s | $193K | $64K | 10x | Long Entropy | |
| SHORT | 49.320 | 0 | 0.0000% / 4h | 3h 12m | $76K | $599K | 20x | Short KuCoin |
Price gap−0.450%
Funding gap−0.0161% /8h
Both sides work against this direction now: funding costs $5 a day on $10k and the gap is 0.362% 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−$10−0.0161% /8h now · paid −0.104% over the last 7D
Price−$36spread −0.450% now, avg −0.088% → −0.362% if it goes back
Costs−$1681.679% 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−0.450%
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
/8hTENCENT on 11 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size42.1 / 46.1 bpAt $10k entering KuCoin costs 46.1 bp, fee and slippage, 1.1× Entropy’s.
- Note: Margin at max leverage$1,000 + $500Entropy 10x, KuCoin 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$4.82Long Entropy: 24 payments, −$4.82; short KuCoin: 6 payments, $0.00.
- Watch: Gap narrower than usual−0.450% vs −0.088%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$76K vs $193K OIKuCoin sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCEntropy No · KuCoin YesStandard KYC (ID and face check) for any product since Aug 2023.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0050%/8h × 21 periods−$10.40
Price spread−0.450% → −0.088% (7d avg)−$36.19
Slippage, 4 orderslive order books−$154.07
Fee Entropy bp × 2 orders−$1.80
Fee KuCoin bp × 2 orders−$12.00
Net · 7 days · $10k−$214.46
Costs to cover1.679%Break-evennever at this rate
Slippage: Entropy: live order book, 11 min ago; KuCoin: live order book, 50 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGEntropy8.0742.1 bp−$42doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTKuCoin5.0746.1 bp−$46doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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