Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,708.3 | +0.0136 | pay 0.0017% / 1h | 3m 13s | $168K | $986K | 10x | Long Extended10% off | |
| SHORT | 1,710.1 | +0.0108 | get 0.0325% / 24h | 2h 03m | $447K | $1.0M | 6.6x | Short Kalshi |
Price gap+0.106%54s
Funding gap−0.0028% /8h
The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 3.5 days. At the last 7 days' pace that is about 16 hours.
The two prices were read 54 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$30−0.0028% /8h now · paid −0.305% over the last 7D
Price—spread +0.106%54s now · prices read too far apart to compare
Costs−$290.289% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.106%
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
/8hXPT on 23 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- OK: Fits both order books12.6 / 4.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $1,513Extended 10x, Kalshi 6.6x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 24hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.83Long Extended: 24 payments, −$4.08; short Kalshi: 1 payment, +$3.25.
- Watch: Prices read 54 s apart+0.106% vs +0.076%Part of this gap may be the market moving.
- Watch: Long leg is thinner$168K vs $447K OIExtended sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- Watch: KYCExtended No · Kalshi YesA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0145%/8h × 21 periods−$30.49
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$23.38
Fee Extended bp × 2 orders−$5.00
Fee Kalshi bp × 2 orders−$0.48
Net · 7 days · $10k−$59.35
price spread not counted: prices read too far apartCosts to cover0.289%Break-evennever at this rate
Slippage: Extended: live order book, 8 min ago; Kalshi: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended4.0912.6 bp−$1338.9 bp−$389doesn’t fitdoesn’t fit
SELL · SHORTKalshi4.094.3 bp−$44.7 bp−$47doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 17:00 | MEXC | Other | 7 days to go. Singapore, we’re coming. 🇸🇬 Proud to be a Platinum Sponsor of #TOKEN2049. See you there. #MEXCEventRocks @MEXC on X ↗ |
| 09-23 13:33 | Kalshi | Listing | new market KXPLATINUMPERP ($XPT) seen by our collector |
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