Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 53.572 | +0.0008 | pay 0.0001% / 1h | 17m 53s | $894K | $118K | — | Long AZverse | |
| SHORT | 53.540 | −0.0318 | pay 0.0159% / 4h | 1h 17m | $254K | $19K | 20x | Short Orderly |
Price gap−0.060%
Funding gap−0.0326% /8h
The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $10 a day and eats that in about 11 hours. At the last 7 days' pace that is about 5 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$16−0.0326% /8h now · paid −0.160% over the last 19 hours (all we have)
Price+$4spread −0.060% now, avg −0.104% → +0.045% if it goes back
Costsno datano order book for AZverse and Orderly
Result, before costs−$11−0.11%no pointscosts unknown: no order book for AZverse and Orderly · What 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−0.060%
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
/8hXAG on 47 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Note: Order book unknown—No order-book sample for AZverse and Orderly: its slippage is not counted.
- Note: Margin at max leverage— + $500AZverse —, Orderly 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$9.79Long AZverse: 24 payments, −$0.24; short Orderly: 6 payments, −$9.55.
- OK: Entry gap works for you−0.060% vs −0.104%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$254K vs $894K 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−0.0683%/8h × 21 periods−$143.45
Price spread−0.060% → −0.104% (7d avg)+$4.46
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−$156.99
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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