Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 18.800 | −0.0018 | get 0.0002% / 1h | 16m 02s | $178K | $10K | 10x | Long tradeXYZ | |
| SHORT | 18.814 | 0 | 0.0000% / 1h | 16m 02s | $2K | $364K | 20x | Short HTX |
Price gap+0.074%
Funding gap+0.0018% /8h
Both sides work: funding pays +$1 a day on $10k, and the gap is 0.229% above its 7d average: +$23 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$85+0.0018% /8h now · paid −0.846% over the last 7D
Price+$23spread +0.074% now, avg −0.155% → +0.229% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$62−0.62%+ Points / potential airdroptradeXYZ: points · farm boardcosts unknown: book too thin at $10k · 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+0.074%
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
/8hUMC on 6 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size234.8 / 295.9 bpAt $10k entering HTX costs 295.9 bp, fee and slippage, 1.3× tradeXYZ’s.
- Note: Margin at max leverage$1,000 + $500tradeXYZ 10x, HTX 20x. 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: +$0.53Long tradeXYZ: 24 payments, +$0.53; short HTX: 24 payments, $0.00.
- OK: Entry gap works for you+0.074% vs −0.155%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$2K vs $178K OIHTX sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCtradeXYZ No · HTX LimitedNo ID for accounts opened since 2026-03-30: futures up to 5x and no API trading; more leverage and the API need level-2 KYC.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0403%/8h × 21 periods−$84.60
Price spread+0.074% → −0.155% (7d avg)+$22.94
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee tradeXYZ bp × 2 orders−$1.80
Fee HTX bp × 2 orders−$12.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: tradeXYZ: live order book, 56 min ago; HTX: live order book, 13 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ114.30234.8 bp−$235doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTHTX88.39295.9 bp−$296doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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