Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 42.524 | +0.0050 | pay 0.0006% / 1h | 7m 44s | $1.4M | $316K | 10x | Long tradeXYZ | |
| SHORT | 42.710 | 0 | 0.0000% / 8h | 6h 07m | $75K | $181K | 20x | Short Bitget |
Price gap+0.437%
Funding gap−0.0050% /8h
The gap pays +$28 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 19 days. At the last 7 days' pace that is about 6.6 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$30−0.0050% /8h now · paid −0.296% over the last 7D
Price+$28spread +0.437% now, avg +0.160% → +0.278% if it goes back
Costs−$1891.895% of $10k · taker + slippage, in and out
Result−$191−1.91%+ 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+0.437%
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
2 ok · 4 to watch- Watch: Thin at this size39.9 / 91.5 bpAt $10k entering Bitget costs 91.5 bp, fee and slippage, 2.3× tradeXYZ’s.
- Note: Margin at max leverage$1,000 + $500tradeXYZ 10x, Bitget 20x. 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: −$1.50Long tradeXYZ: 24 payments, −$1.50; short Bitget: 3 payments, $0.00.
- OK: Entry gap works for you+0.437% vs +0.160%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$75K vs $1.4M OIBitget sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCtradeXYZ No · Bitget YesKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0141%/8h × 21 periods−$29.57
Price spread+0.437% → +0.160% (7d avg)+$27.79
Slippage, 4 orderslive order books−$175.68
Fee tradeXYZ bp × 2 orders−$1.80
Fee Bitget bp × 2 orders−$12.00
Net · 7 days · $10k−$191.26
Costs to cover1.895%Break-evennever at this rate
Slippage: tradeXYZ: live order book, 9 min ago; Bitget: live order book, 60 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ9.1739.9 bp−$40288.2 bp−$2,882doesn’t fitdoesn’t fit
SELL · SHORTBitget14.0791.5 bp−$92125.4 bp−$1,254doesn’t fitdoesn’t fit
Closing costs about the same again.
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