Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.9482 | +0.0100 | pay 0.0050% / 4h | 3h 10m | $2.0M | $2.5M | — | Long BingX | |
| SHORT | 0.9460 | −0.0082 | pay 0.0010% / 1h | 10m 40s | $49K | $100K | 20x | Short TxFlow5% off |
Price gap−0.232%
Funding gap−0.0182% /8h
Both sides work against this direction now: funding costs $5 a day on $10k and the gap is 0.032% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$94−0.0182% /8h now · paid −0.937% over the last 7D
Price−$3spread −0.232% now, avg −0.200% → −0.032% if it goes back
Costs−$440.436% of $10k · taker + slippage, in and out
Result−$141−1.41%+ 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−0.232%
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
/8hAXS on 20 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Large against open interest9.8 / 11.9 bp$10k is over 10% of TxFlow’s open interest.
- Note: Margin at max leverage— + $500BingX —, TxFlow 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$5.46Long BingX: 6 payments, −$3.00; short TxFlow: 24 payments, −$2.46.
- Watch: Gap narrower than usual−0.232% vs −0.200%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$49K vs $2.0M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCBingX Yes · TxFlow NoAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0446%/8h × 21 periods−$93.73
Price spread−0.232% → −0.200% (7d avg)−$3.22
Slippage, 4 orderslive order books−$24.64
Fee BingX bp × 2 orders−$10.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$140.60
Costs to cover0.436%Break-evennever at this rate
Slippage: BingX: live order book, 9 min ago; TxFlow: live order book, 37 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.539.8 bp−$1029.4 bp−$294271.5 bp−$27.2K473.4 bp−$236.7K
SELL · SHORTTxFlow5.2811.9 bp−$1233.1 bp−$331doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-05 02:16 | SoDEX | Other | 📊 SoDEX 24h Movers | Mon, Oct 5 73 of 92 perp markets are higher. Can the broad advance hold through this week's macro releases? Market notes $AXS: Price rose on declining volume, alongside negative funding and net exchange inflows. The advance lacked stronger volume confirmation. $PENGU: Stonk launched a "Community Coins" mode on Solana, making PENGU holders eligible to share rewards from newly issued meme tokens. $PONS: Trader Bonk Guy's portfolio is down ~$13.9M from its Sept 6 peak. PONS remains his largest holding at $4.51M. This week's watchlist Mon, Oct 5, 14:00 UTC: US ISM Services PMI Wed, Oct 7, 18:00 UTC: FOMC minutes Fri, Oct 9: Michigan consumer sentiment preliminary release 73 up / 19 down / 0 flat across 92 perp markets. 24 also trade spot. Trade 👉 @sodex_official on X ↗ |
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