01
Discover
Start from live funding spreads
Use Funding to find symbols where the current funding spread is worth a closer look across venues you actually trade.
Funding Opportunities
Funding opportunities for crypto arbitrage routes
Shortlist long/short funding routes across exchanges using historical APY, live carry, price spread, OI context, and route-level backtesting.
Input
Historical routes
Filter
APY + OI + spread
Output
Route shortlist
Open Funding
02
Shortlist
Check whether the route held up
Funding Opportunities helps separate a one-off noisy snapshot from routes that had support across recent history.
03
Validate
Inspect one exact long/short pair
Move a promising route into Backtester with position size and execution cost assumptions before treating it as actionable.
Example Route
ETH looks attractive long on one venue and short on another. Opportunities asks the next question: did this route have support across the window, or is it just one temporary spike?
Next Check
Shortlist first, then test the exact route
A route becomes more useful when it moves from a broad table into Backtester with size and cost assumptions.
Decision Signals
What the page should help decide
01Route stability
A useful opportunity should appear more than once inside the selected historical window.
02Venue practicality
The best-looking route is less useful if it depends on exchanges outside your workflow.
03Execution reality
Funding carry still has to survive price delta, liquidity, fees, and timing.
04Next action
The page is strongest when it turns a broad market scan into one route worth testing.
Risk Frame
Important limits
- A strong historical route is not a guaranteed future trade.
- Funding can flip, compress, or disappear before execution.
- Fees, basis, slippage, and venue limits can erase a good headline APY.
- Use the page as a shortlist, then validate the exact route before sizing.
FAQ
Common questions before using Opportunities
What are funding opportunities?
They are long/short route candidates where funding behavior across exchanges may be worth deeper validation.
Is this the same as the old Historical page?
It is the updated product surface. The goal is clearer: shortlist funding routes that held up, then validate them.
Should I trade every high APY route?
No. High APY is only a starting point. You still need to check liquidity, price delta, fees, and live conditions.
Where should I go after this page?
Open one route in Backtester and pressure-test it with realistic position size and execution cost assumptions.