Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 42.700 | 0 | 0.0000% / 8h | 3h 03m | $19K | $840K | 20x | Long KuCoin | |
| SHORT | 42.508 | −0.0328 | pay 0.0041% / 1h | 3m 00s | $1.4M | $352K | 10x | Short tradeXYZ |
Price gap−0.450%
Funding gap−0.0328% /8h
Both sides work against this direction now: funding costs $10 a day on $10k and the gap is 0.308% 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+$37−0.0328% /8h now · paid +0.365% over the last 7D
Price−$31spread −0.450% now, avg −0.142% → −0.308% if it goes back
Costs−$2962.955% of $10k · taker + slippage, in and out
Result−$290−2.90%+ Points / potential airdroptradeXYZ: points · farm boardWhat 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−0.450%
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
/8hURNM on 18 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size119.3 / 28.2 bpAt $10k entering KuCoin costs 119.3 bp, fee and slippage, 4.2× tradeXYZ’s.
- Note: Margin at max leverage$500 + $1,000KuCoin 20x, tradeXYZ 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$9.84Long KuCoin: 3 payments, $0.00; short tradeXYZ: 24 payments, −$9.84.
- Watch: Gap narrower than usual−0.450% vs −0.142%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$19K vs $1.4M OIKuCoin sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCKuCoin Yes · tradeXYZ NoStandard 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+0.0174%/8h × 21 periods+$36.53
Price spread−0.450% → −0.142% (7d avg)−$30.79
Slippage, 4 orderslive order books−$281.71
Fee KuCoin bp × 2 orders−$12.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$289.78
Costs to cover2.955%Break-even62.5 days
Slippage: KuCoin: live order book, 70 min ago; tradeXYZ: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKuCoin15.22119.3 bp−$119doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ5.7628.2 bp−$28235.1 bp−$2,351doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-21 09:00 | KuCoin | Listing | new market URNMUSDTM ($URNM) seen by our collector |
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