Funding Fees Arbitrage
Opportunities
Filters
Preparing the ranking controls and current market window.
Ranked opportunities
Loading the strongest carry setups for the current selection.
Preparing the ranking controls and current market window.
Loading the strongest carry setups for the current selection.
A practical guide to reading the ranking, understanding the main metrics, and knowing when to move into Charts and Simulator.
Use this page as lightweight product guidance, not as technical documentation.
Funding is built around a simple sequence:
| Step | Screen | Main question |
|---|---|---|
| 1 | Opportunities | What looks interesting right now? |
| 2 | Charts | Does the setup actually look credible? |
| 3 | Simulator | If I size this, what does it look like operationally? |
Use Opportunities to scan the ranked universe and narrow the field quickly.
Use Charts to test whether the setup deserves trust before you model it.
Use Simulator to turn a candidate into a scenario: carry, entry friction, and a better sense of whether the setup still looks attractive after more realistic assumptions.
A strong row in a ranking table is not a final trading decision. A setup can rank well, then weaken once you inspect:
**Key takeaway**
Opportunities helps you find candidates. Charts helps you avoid false confidence. Simulator helps you decide whether the idea still makes sense once realism is added.
Opportunities is the discovery surface of the Funding module. Its job is to rank candidate carry setups and help you decide what deserves a closer look.
An opportunity represents a specific cross-venue setup. In practical terms, a distinct row is defined by:
That means the same token can appear more than once if there are multiple viable venue combinations. A symbol is not the opportunity by itself. The venue pair is part of the identity.
Use the table to:
It is best used as a ranking and triage surface, not as final decision output.
| Column | How to think about it |
|---|---|
| Token | The asset for the candidate setup. |
| Long / Short venues | The venue pair that defines the setup. |
| Strategy APR | The analytical carry implied by the selected cross-venue spread over the chosen window. |
| Live APR | A more current read of the spread, useful as a reality check against the historical ranking. |
| Data coverage | How much of the expected window is actually covered by usable data. |
| Win rate | How often the setup was positive within the analyzed window. |
Use filters to tighten the search around what matters to you:
Expanding the list is useful when:
**Do not stop here**
Opportunities is for ranking and narrowing ideas. It is not the final screen for deciding whether to deploy a setup.
Charts is the validation layer. It is not meant for broad, open-ended browsing. It is most useful once you already have a candidate pair in mind.
Use Charts to answer questions such as:
Before moving into Simulator, look for:
Charts sits between discovery and decision for a reason. It helps you avoid turning a ranked row into a false sense of conviction.
**Key takeaway**
Charts is where a candidate either earns more attention or gets rejected before you waste time modeling it.
Simulator answers the operational question: if this setup is interesting, what does it look like as a trade scenario?
It helps you translate an idea into something more concrete:
| Input | Meaning |
|---|---|
| Capital | The margin base used for the scenario. |
| Leverage | The leverage assumption used to size the notional exposure. |
| Window | The funding lookback used to build the carry view. |
| Fee mode | The fee assumption used in entry-cost estimation. |
Start with the result hero:
Then move to **Entry friction**:
Secondary fields help refine the read:
Simulator improves decision quality. It does not guarantee execution quality.
A scenario can still degrade in the real market because of:
**Key takeaway**
A strong Simulator result is a better decision input, not a promise of realized PnL.
Funding is intentionally analytical, not fully executional.
Current limitations include:
This is by design. The module helps you think more clearly about a setup. It does not replace venue-native execution checks or live trading discipline.
Start with Opportunities to narrow the field, then use Charts to validate behavior, then use Simulator to judge whether the setup still works under more practical assumptions.
Because Opportunities ranks the funding idea, while Simulator adds capital, leverage, fees, entry friction, and live-context realism. A spread can look strong in theory and weaker once those factors are included.
Strategy APR reflects the analytical spread signal over the selected window. Live APR is a more current view, useful for checking whether the setup still resembles the ranked idea right now.
Be cautious when coverage is weak, entry friction is heavy, break-even is long, or the live context is stale, degraded, or low confidence.
Treat the result as lower-confidence analytical output. It may still help you think about the setup, but it should not be read the same way as a result grounded in fresh live context.