Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1078 | −0.0334 | get 0.0042% / 1h | 57m 50s | $165K | $33K | 20x | Long TxFlow5% off | |
| SHORT | 0.1080 | +0.0390 | get 0.0049% / 1h | 57m 50s | $203K | $119K | 20x | Short Kraken Futures |
Price gap+0.217%
Funding gap+0.0724% /8h
Funding pays +$22 a day on $10k, but the gap is 0.049% under its 7d average: −$5 if it goes back, about 5 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$102+0.0724% /8h now · paid +1.016% over the last 7D
Price−$5spread +0.217% now, avg +0.266% → −0.049% if it goes back
Costs−$1801.802% of $10k · taker + slippage, in and out
Result−$83−0.83%+ 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+0.217%
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
2 ok · 4 to watch- Watch: Thin at this size17.5 / 65.9 bpAt $10k entering Kraken Futures costs 65.9 bp, fee and slippage, 3.8× TxFlow’s.
- Note: Margin at max leverage$500 + $500TxFlow 20x, Kraken Futures 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: +$21.72Long TxFlow: 24 payments, +$10.01; short Kraken Futures: 24 payments, +$11.71.
- Watch: Gap narrower than usual+0.217% vs +0.266%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$165K vs $203K 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 · Kraken Futures YesFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0484%/8h × 21 periods+$101.56
Price spread+0.217% → +0.266% (7d avg)−$4.86
Slippage, 4 orderslive order books−$161.19
Fee TxFlow bp × 2 orders−$9.00
Fee Kraken Futures bp × 2 orders−$10.00
Net · 7 days · $10k−$83.50
Costs to cover1.802%Break-even12.8 days
Slippage: TxFlow: live order book, 56 min ago; Kraken Futures: live order book, 59 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow4.6517.5 bp−$1774.0 bp−$740doesn’t fitdoesn’t fit
SELL · SHORTKraken Futures6.9665.9 bp−$66doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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