Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2049 | +0.0100 | pay 0.0013% / 1h | 58m 21s | $676K | $1.9M | 50x | Long TxFlow5% off | |
| SHORT | 0.2052 | +0.2432 | get 0.1216% / 4h | 3h 58m | $1.9M | $8.1M | 50x | Short Phemex |
Price gap+0.146%
Funding gap+0.2332% /8h
Both sides work: funding pays +$70 a day on $10k, and the gap is 0.037% above its 7d average: +$4 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$6+0.2332% /8h now · paid −0.058% over the last 7D
Price+$4spread +0.146% now, avg +0.109% → +0.037% if it goes back
Costs−$440.436% of $10k · taker + slippage, in and out
Result−$46−0.46%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.058% in total, about −0.0028%/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+0.146%
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
/8hENA on 45 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books9.1 / 12.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$200 + $200TxFlow 50x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$69.96Long TxFlow: 24 payments, −$3.00; short Phemex: 6 payments, +$72.96.
- OK: Entry gap works for you+0.146% vs +0.109%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$676K vs $1.9M 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 · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0028%/8h × 21 periods−$5.84
Price spread+0.146% → +0.109% (7d avg)+$3.72
Slippage, 4 orderslive order books−$22.63
Fee TxFlow bp × 2 orders−$9.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$45.74
Costs to cover0.436%Break-evennever at this rate
Slippage: TxFlow: live order book, 5 min ago; Phemex: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow0.979.1 bp−$916.8 bp−$16857.0 bp−$5,705doesn’t fit
SELL · SHORTPhemex2.4212.3 bp−$1221.2 bp−$212doesn’t fitdoesn’t fit
Closing costs about the same again.
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