Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.6894 | +0.0030 | pay 0.0030% / 8h | 4h 02m | $1.2M | $22K | 50x | Long Variational Omni+15% pts | |
| SHORT | 0.6917 | +0.0021 | get 0.0003% / 1h | 2m 50s | $25K | $181K | 50x | Short TxFlow5% off |
Price gap+0.332%
Funding gap−0.0009% /8h
The gap pays +$29 on $10k if it goes back to its 7d average, but funding costs $0 a day and eats that in about 4 months.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$12−0.0009% /8h now · paid +0.118% over the last 7D
Price+$29spread +0.332% now, avg +0.037% → +0.295% if it goes back
Costs−$450.445% of $10k · taker + slippage, in and out
Result−$3−0.03%+ Points / potential airdropVariational Omni: points · TxFlow: 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+0.332%
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
/8hAPT on 31 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Large against open interest11.6 / 9.4 bp$10k is over 10% of TxFlow’s open interest.
- Note: Margin at max leverage$200 + $200Variational Omni 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: −$0.28Long Variational Omni: 3 payments, −$0.91; short TxFlow: 24 payments, +$0.63.
- OK: Entry gap works for you+0.332% vs +0.037%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$25K vs $1.2M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni points · TxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legVariational Omni No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0056%/8h × 21 periods+$11.77
Price spread+0.332% → +0.037% (7d avg)+$29.47
Slippage, 4 orderslive order books−$35.51
Fee Variational Omni bp × 2 orders$0.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$3.26
Costs to cover0.445%Break-even8.9 days
Slippage: Variational Omni: RFQ quote, 1 min ago; TxFlow: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni5.0711.6 bp−$1218.1 bp−$181doesn’t fitdoesn’t fit
SELL · SHORTTxFlow0.729.4 bp−$924.4 bp−$244116.6 bp−$11.7Kdoesn’t fit
Closing costs about the same again.
