Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1491 | +0.0100 | pay 0.0050% / 4h | 1h 56m | $398K | $329K | 50x | Long Gate | |
| SHORT | 0.1485 | −0.0525 | pay 0.0066% / 1h | 56m 18s | $111K | $79K | 50x | Short TxFlow5% off |
Price gap−0.402%
Funding gap−0.0625% /8h
Both sides work against this direction now: funding costs $19 a day on $10k and the gap is 0.211% 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−$12−0.0625% /8h now · paid −0.120% over the last 7D
Price−$21spread −0.402% now, avg −0.192% → −0.211% if it goes back
Costs−$1031.032% of $10k · taker + slippage, in and out
Result−$136−1.36%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.120% in total, about −0.0057%/8h on average.
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−0.402%
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
/8hBERA on 24 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size37.7 / 16.4 bpAt $10k entering Gate costs 37.7 bp, fee and slippage, 2.3× TxFlow’s.
- Note: Margin at max leverage$200 + $200Gate 50x, TxFlow 50x. 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: −$18.74Long Gate: 6 payments, −$3.00; short TxFlow: 24 payments, −$15.74.
- Watch: Gap narrower than usual−0.402% vs −0.192%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$111K vs $398K OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCGate Yes · TxFlow NoKYC before the futures account opens; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0057%/8h × 21 periods−$11.96
Price spread−0.402% → −0.192% (7d avg)−$21.05
Slippage, 4 orderslive order books−$79.19
Fee Gate bp × 2 orders−$15.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$136.20
Costs to cover1.032%Break-evennever at this rate
Slippage: Gate: live order book, 49 min ago; TxFlow: live order book, 45 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGate3.3437.7 bp−$38doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTTxFlow3.3616.4 bp−$1647.0 bp−$470doesn’t fitdoesn’t fit
Closing costs about the same again.