Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,714.9 | +0.0170 | pay 0.0511% / 24h | 15h 08m | $138K | $2.4M | 6.6x | Long Kalshi | |
| SHORT | 1,712.8 | +0.0050 | get 0.0006% / 1h | 8m 50s | $4.6M | $2.0M | 20x | Short tradeXYZ |
Price gap−0.122%
Funding gap−0.0120% /8h
Both sides work against this direction now: funding costs $4 a day on $10k and the gap is 0.052% 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−$5−0.0120% /8h now · paid −0.049% over the last 7D
Price−$5spread −0.122% now, avg −0.070% → −0.052% if it goes back
Costs−$170.172% of $10k · taker + slippage, in and out
Result−$27−0.27%+ 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−0.122%
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 books5.9 / 2.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,513 + $500Kalshi 6.6x, tradeXYZ 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ24h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$3.61Long Kalshi: 1 payment, −$5.11; short tradeXYZ: 24 payments, +$1.50.
- Watch: Gap narrower than usual−0.122% vs −0.070%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$138K vs $4.6M OIKalshi sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCKalshi Yes · tradeXYZ NoA 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−0.0023%/8h × 21 periods−$4.93
Price spread−0.122% → −0.070% (7d avg)−$5.24
Slippage, 4 orderslive order books−$14.93
Fee Kalshi bp × 2 orders−$0.48
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$27.38
Costs to cover0.172%Break-evennever at this rate
Slippage: Kalshi: live order book, 1 min ago; tradeXYZ: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKalshi3.795.9 bp−$68.4 bp−$84doesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ0.882.8 bp−$310.4 bp−$104doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 17:00 | MEXC | Other | 7 days to go. Singapore, we’re coming. 🇸🇬 Proud to be a Platinum Sponsor of #TOKEN2049. See you there. #MEXCEventRocks @MEXC on X ↗ |
| 09-23 13:33 | Kalshi | Listing | new market KXPLATINUMPERP ($XPT) seen by our collector |
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