Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.0140 | +0.0100 | pay 0.0013% / 1h | 53m 35s | $10K | $144K | 50x | Long TxFlow5% off | |
| SHORT | 1.0150 | +0.0033 | get 0.0033% / 8h | 2h 53m | $36.1M | $4.2M | 75x | Short Gate |
Price gap+0.099%
Funding gap−0.0067% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.061% 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+$23−0.0067% /8h now · paid +0.235% over the last 7D
Price−$6spread +0.099% now, avg +0.159% → −0.061% if it goes back
Costs−$490.489% of $10k · taker + slippage, in and out
Result−$31−0.31%+ 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+0.099%
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
/8hDOT on 29 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Large against open interest9.4 / 14.9 bp$10k is over 10% of TxFlow’s open interest.
- Note: Margin at max leverage$200 + $133TxFlow 50x, Gate 75x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$2.01Long TxFlow: 24 payments, −$3.00; short Gate: 3 payments, +$0.99.
- Watch: Gap narrower than usual+0.099% vs +0.159%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$10K vs $36.1M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCTxFlow No · Gate YesKYC 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+0.0112%/8h × 21 periods+$23.49
Price spread+0.099% → +0.159% (7d avg)−$6.09
Slippage, 4 orderslive order books−$24.90
Fee TxFlow bp × 2 orders−$9.00
Fee Gate bp × 2 orders−$15.00
Net · 7 days · $10k−$31.50
Costs to cover0.489%Break-even16.4 days
Slippage: TxFlow: live order book, 56 min ago; Gate: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow4.899.4 bp−$99.4 bp−$9445.5 bp−$4,551doesn’t fit
SELL · SHORTGate4.9214.9 bp−$1534.1 bp−$34171.8 bp−$7,176doesn’t fit
Closing costs about the same again.