Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 18.800 | −0.1982 | get 0.0248% / 1h | 55m 59s | $180K | $6K | 10x | Long tradeXYZ | |
| SHORT | 19.054 | 0 | 0.0000% / 1h | 55m 59s | — | $891K | 10x | Short SunX≤10% back |
Price gap+1.351%
Funding gap+0.1982% /8h
Both sides work: funding pays +$59 a day on $10k, and the gap is 1.434% above its 7d average: +$143 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$70+0.1982% /8h now · paid −0.704% over the last 7D
Price+$143spread +1.351% now, avg −0.083% → +1.434% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$73+0.73%+ Points / potential airdroptradeXYZ: points · farm boardcosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.704% in total, about −0.0335%/8h on average.
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+1.351%
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
4 ok · 2 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage$1,000 + $1,000tradeXYZ 10x, SunX 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: +$59.45Long tradeXYZ: 24 payments, +$59.45; short SunX: 24 payments, $0.00.
- OK: Entry gap works for you+1.351% vs −0.083%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner— vs $180K OISunX 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 · SunX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0335%/8h × 21 periods−$70.43
Price spread+1.351% → −0.083% (7d avg)+$143.43
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee tradeXYZ bp × 2 orders−$1.80
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: tradeXYZ: live order book, 24 min ago; SunX: live order book, 25 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ124.82307.6 bp−$308doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTSunX794.30doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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