Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 42.533 | −0.0182 | get 0.0023% / 1h | 54m 55s | $1.4M | $366K | 10x | Long tradeXYZ | |
| SHORT | 42.710 | −0.0149 | pay 0.0149% / 8h | 3h 54m | $19K | $846K | 20x | Short KuCoin |
Price gap+0.416%
Funding gap+0.0033% /8h
Both sides work: funding pays +$1 a day on $10k, and the gap is 0.277% above its 7d average: +$28 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$36+0.0033% /8h now · paid −0.364% over the last 7D
Price+$28spread +0.416% now, avg +0.139% → +0.277% if it goes back
Costs−$3083.075% of $10k · taker + slippage, in and out
Result−$316−3.16%+ 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+0.416%
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 size42.5 / 117.1 bpAt $10k entering KuCoin costs 117.1 bp, fee and slippage, 2.8× tradeXYZ’s.
- Note: Margin at max leverage$1,000 + $500tradeXYZ 10x, KuCoin 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: +$0.98Long tradeXYZ: 24 payments, +$5.45; short KuCoin: 3 payments, −$4.47.
- OK: Entry gap works for you+0.416% vs +0.139%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short 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: KYCtradeXYZ No · KuCoin YesStandard 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−0.0173%/8h × 21 periods−$36.40
Price spread+0.416% → +0.139% (7d avg)+$27.70
Slippage, 4 orderslive order books−$293.73
Fee tradeXYZ bp × 2 orders−$1.80
Fee KuCoin bp × 2 orders−$12.00
Net · 7 days · $10k−$316.24
Costs to cover3.075%Break-evennever at this rate
Slippage: tradeXYZ: live order book, 2 min ago; KuCoin: live order book, 18 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ6.9442.5 bp−$43253.4 bp−$2,534doesn’t fitdoesn’t fit
SELL · SHORTKuCoin15.22117.1 bp−$117doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-21 09:00 | KuCoin | Listing | new market URNMUSDTM ($URNM) seen by our collector |
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