TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.1414−0.0139get 0.0017% / 1h56m 18s$6K$129K20xLong TxFlow5% off
SHORT0.1417+0.0100get 0.0100% / 8h1h 56m$279K$26K50xShort Variational Omni+15% pts
Price gap+0.226%
Funding gap+0.0239% /8h

Both sides work: funding pays +$7 a day on $10k, and the gap is 0.100% above its 7d average: +$10 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$14+0.0239% /8h now · paid +0.142% over the last 7D
Price+$10spread +0.226% now, avg +0.127% → +0.100% if it goes back
Costs−$2702.704% of $10k · taker + slippage, in and out
Result−$246−2.46%+ Points / potential airdropTxFlow: points · Variational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.142% in total, about +0.0068%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.226%
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

/8h

BAT on 14 exchanges

lowest funding first

Before you open

3 ok · 3 to watch
  • Watch: Thin at this size44.9 / 87.7 bp
    At $10k entering Variational Omni costs 87.7 bp, fee and slippage, 2.0× TxFlow’s.
  • Note: Margin at max leverage$500 + $200
    TxFlow 20x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$7.18Long TxFlow: 24 payments, +$4.18; short Variational Omni: 3 payments, +$3.00.
  • OK: Entry gap works for you+0.226% vs +0.127%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$6K vs $279K OI
    TxFlow sets your exit cost. Check its book before closing.
  • OK: Points on a legTxFlow points · Variational Omni points
    Volume here counts toward the points program.
  • OK: No KYC on either legTxFlow No · Variational Omni No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0068%/8h × 21 periods+$14.19
Price spread+0.226% → +0.127% (7d avg)+$9.96
Slippage, 4 orderslive order books−$261.43
Fee TxFlow bp × 2 orders−$9.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$246.27
Costs to cover2.704%Break-even128.4 days
Slippage: TxFlow: live order book, 48 min ago; Variational Omni: RFQ quote, 52 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGTxFlow3.5244.9 bp−$45doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTVariational Omni7.0287.7 bp−$88161.4 bp−$1,614doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

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