Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1041 | +0.0100 | pay 0.0100% / 8h | 3h 14m | $3.0M | $641K | 50x | Long Phemex | |
| SHORT | 0.1038 | +0.0100 | get 0.0013% / 1h | 14m 41s | $18K | $127K | 50x | Short TxFlow5% off |
Price gap−0.259%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$5 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$70.0000% /8h now · paid −0.066% over the last 2 days (all we have)
Price+$5spread −0.259% now, avg −0.314% → +0.055% if it goes back
Costs−$670.668% of $10k · taker + slippage, in and out
Result−$68−0.68%+ Points / potential airdropTxFlow: 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−0.259%
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
/8hALGO on 22 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size22.8 / 10.1 bpAt $10k entering Phemex costs 22.8 bp, fee and slippage, 2.3× TxFlow’s.
- Note: Margin at max leverage$200 + $200Phemex 50x, TxFlow 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long Phemex: 3 payments, −$3.00; short TxFlow: 24 payments, +$3.00.
- OK: Entry gap works for you−0.259% vs −0.314%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$18K vs $3.0M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCPhemex Yes · TxFlow NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0090%/8h × 21 periods−$19.00
Price spread−0.259% → −0.314% (7d avg)+$5.49
Slippage, 4 orderslive order books−$45.83
Fee Phemex bp × 2 orders−$12.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$80.34
Costs to cover0.668%Break-evennever at this rate
Slippage: Phemex: live order book, 7 min ago; TxFlow: live order book, 16 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex4.8022.8 bp−$2359.0 bp−$590271.1 bp−$27.1Kdoesn’t fit
SELL · SHORTTxFlow0.9710.1 bp−$1039.4 bp−$394doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-26 09:17 | TxFlow | Listing | new market ALGO-USDC ($ALGO) seen by our collector |
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