Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1061 | +0.0100 | pay 0.0013% / 1h | 28m 32s | $73K | $125K | 5x | Long Arcus5% off | |
| SHORT | 0.1059 | −0.0354 | pay 0.0044% / 1h | 28m 32s | $152K | $34K | 20x | Short TxFlow5% off |
Price gap−0.189%
Funding gap−0.0454% /8h
Both sides work against this direction now: funding costs $14 a day on $10k and the gap is 0.111% 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−$79−0.0454% /8h now · paid −0.790% over the last 7D
Price−$11spread −0.189% now, avg −0.078% → −0.111% if it goes back
Costs−$460.458% of $10k · taker + slippage, in and out
Result−$136−1.36%+ Points / potential airdropArcus: points · TxFlow: 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−0.189%
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
/8hDYDX on 21 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Large against open interest7.0 / 10.5 bp$10k is over 10% of Arcus’s open interest.
- Note: Margin at max leverage$2,000 + $500Arcus 5x, TxFlow 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$13.61Long Arcus: 24 payments, −$3.00; short TxFlow: 24 payments, −$10.61.
- Watch: Gap narrower than usual−0.189% vs −0.078%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$73K vs $152K OIArcus sets your exit cost. Check its book before closing.
- OK: Points on a legArcus points · TxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legArcus No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0376%/8h × 21 periods−$79.05
Price spread−0.189% → −0.078% (7d avg)−$11.09
Slippage, 4 orderslive order books−$32.34
Fee Arcus bp × 2 orders−$4.50
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$135.98
Costs to cover0.458%Break-evennever at this rate
Slippage: Arcus: live order book, 38 min ago; TxFlow: live order book, 36 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGArcus4.737.0 bp−$729.1 bp−$291doesn’t fitdoesn’t fit
SELL · SHORTTxFlow4.7310.5 bp−$1163.6 bp−$636doesn’t fitdoesn’t fit
Closing costs about the same again.
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