Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 98.590 | −0.0001 | 0.0000% / 1h | 17m 33s | $86K | $140K | — | Long AZverse | |
| SHORT | 98.370 | −2.3555 | pay 2.3555% / 8h | 7h 17m | $77K | $180K | 10x | Short Orderly |
Price gap−0.223%
Funding gap−2.3554% /8h
Both sides work against this direction now: funding costs $707 a day on $10k and the gap is 0.267% 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−$231−2.3554% /8h now · paid −2.309% over the last 2 days (all we have)
Price−$27spread −0.223% now, avg +0.044% → −0.267% if it goes back
Costsno datano order book for AZverse and Orderly
Result, before costs−$258−2.58%no pointscosts unknown: no order book for AZverse and Orderly · What the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 2 days it paid −2.309% in total, about −0.4132%/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−0.223%
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
/8hUNITREE on 22 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Note: Order book unknown—No order-book sample for AZverse and Orderly: its slippage is not counted.
- Note: Margin at max leverage— + $1,000AZverse —, Orderly 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$706.61Long AZverse: 24 payments, +$0.03; short Orderly: 3 payments, −$706.64.
- Watch: Gap narrower than usual−0.223% vs +0.044%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$77K vs $86K OIOrderly sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legAZverse No · Orderly NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.4132%/8h × 21 periods−$867.69
Price spread−0.223% → +0.044% (7d avg)−$26.68
Slippage, 4 ordersno data for AZverse and Orderly—
Fee AZverse bp × 2 orders−$12.00
Fee Orderly bp × 2 orders−$6.00
Net, fees only · 7 days · $10k−$912.37
Costs to cover0.180%Break-evennever at this rate
Slippage: AZverse: no order-book sample; Orderly: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGAZverse—————
SELL · SHORTOrderly—————
Closing costs about the same again.
AZverse and Orderly: no data.
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