Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1006 | −0.0023 | get 0.0012% / 4h | 1h 30m | $12.3M | $4.5M | 75x | Long Binance | |
| SHORT | 0.1005 | −0.0751 | pay 0.0094% / 1h | 30m 50s | $70K | $106K | 20x | Short TxFlow5% off |
Price gap−0.129%
Funding gap−0.0727% /8h
Funding costs $22 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$63−0.0727% /8h now · paid −0.634% over the last 7D
Price$0spread −0.129% now, avg −0.125% → −0.004% if it goes back
Costs−$660.661% of $10k · taker + slippage, in and out
Result−$130−1.30%+ 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−0.129%
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
/8hCC on 19 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size19.5 / 14.3 bpAt $10k entering Binance costs 19.5 bp, fee and slippage, 1.4× TxFlow’s.
- Note: Margin at max leverage$133 + $500Binance 75x, 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: −$21.82Long Binance: 6 payments, +$0.70; short TxFlow: 24 payments, −$22.52.
- Note: Gap at its usual level−0.129% vs −0.125%The price leg adds little either way.
- Watch: Short leg is thinner$70K vs $12.3M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCBinance Yes · TxFlow NoVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0302%/8h × 21 periods−$63.44
Price spread−0.129% → −0.125% (7d avg)−$0.45
Slippage, 4 orderslive order books−$47.10
Fee Binance bp × 2 orders−$10.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$129.99
Costs to cover0.661%Break-evennever at this rate
Slippage: Binance: live order book, 4 min ago; TxFlow: live order book, 36 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance1.9919.5 bp−$1958.1 bp−$581doesn’t fitdoesn’t fit
SELL · SHORTTxFlow0.5014.3 bp−$1453.9 bp−$539doesn’t fitdoesn’t fit
Closing costs about the same again.