Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 371.42 | +0.0050 | pay 0.0006% / 1h | 11m 28s | $44.7M | $2.1M | 20x | Long tradeXYZ | |
| SHORT | 372.16 | +0.0008 | get 0.0001% / 1h | 11m 28s | $208K | $53K | — | Short AZverse |
Price gap+0.199%
Funding gap−0.0042% /8h
The gap pays +$5 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 4.0 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0−0.0042% /8h now · paid 0.000% over the last 15 hours (all we have)
Price+$5spread +0.199% now, avg +0.148% → +0.051% if it goes back
Costsno datano order book for AZverse
Result, before costs+$5+0.05%+ Points / potential airdroptradeXYZ: points · farm boardcosts unknown: no order book for AZverse · 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+0.199%
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
/8hTSLA on 46 exchanges
lowest funding firstBefore you open
4 ok · 1 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage$500 + —tradeXYZ 20x, AZverse —. 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: −$1.26Long tradeXYZ: 24 payments, −$1.50; short AZverse: 24 payments, +$0.24.
- OK: Entry gap works for you+0.199% vs +0.148%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$208K vs $44.7M OIAZverse sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- OK: No KYC on either legtradeXYZ No · AZverse NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0002%/8h × 21 periods+$0.39
Price spread+0.199% → +0.148% (7d avg)+$5.10
Slippage, 4 ordersno data for AZverse—
Fee tradeXYZ bp × 2 orders−$1.80
Fee AZverse bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$8.31
Costs to cover0.138%Break-even154.2 days
Slippage: tradeXYZ: live order book, 4 min ago; AZverse: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ0.141.8 bp−$24.4 bp−$4418.4 bp−$1,845doesn’t fit
SELL · SHORTAZverse—————
Closing costs about the same again.
AZverse: no data.
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