How do I read a funding arbitrage opportunity?
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Check the trade legs and rate, then inspect spread, history and costs.
Start with the trade structure
Each row pairs spot and perpetual instruments with a direction. Forward means long spot and short perpetual. Reverse means borrowing to short spot and going long perpetual; you must also check borrowing availability, limits and rates yourself.
Separate forecasts from history
The current rate and annualized figure use the present forecast, which can change before settlement. The seven-day figure uses settled historical rates. Both are simple gross annualizations of funding, not projected net returns.
Check execution costs
The opening spread can be positive or negative. Annualized values exclude fees, slippage and borrowing costs; open interest is not an executable position size. Expand a row to inspect its basis before making a decision.
View funding rate data