Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2067 | +0.0089 | pay 0.0011% / 1h | 53m 00s | $612K | $1.8M | 50x | Long TxFlow5% off | |
| SHORT | 0.2084 | +0.0038 | get 0.0005% / 1h | 53m 00s | $17K | $147K | 10x | Short Phoenix |
Price gap+0.798%
Funding gap−0.0050% /8h
The gap pays +$62 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 41 days. At the last 7 days' pace that is about years.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0−0.0050% /8h now · paid −0.004% over the last 7D
Price+$62spread +0.798% now, avg +0.178% → +0.620% if it goes back
Costs−$520.520% of $10k · taker + slippage, in and out
Result+$10+0.10%+ 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+0.798%
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
4 ok · 2 to watch- Watch: Thin at this size5.6 / 17.2 bpAt $10k entering Phoenix costs 17.2 bp, fee and slippage, 3.1× TxFlow’s.
- Note: Margin at max leverage$200 + $1,000TxFlow 50x, Phoenix 10x. 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: −$1.50Long TxFlow: 24 payments, −$2.66; short Phoenix: 24 payments, +$1.15.
- OK: Entry gap works for you+0.798% vs +0.178%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$17K vs $612K OIPhoenix sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legTxFlow No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0002%/8h × 21 periods−$0.38
Price spread+0.798% → +0.178% (7d avg)+$62.02
Slippage, 4 orderslive order books−$35.98
Fee TxFlow bp × 2 orders−$9.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k+$9.66
Costs to cover0.520%Break-evenfrom the start
Slippage: TxFlow: live order book, 5 min ago; Phoenix: live order book, 57 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow0.245.6 bp−$611.8 bp−$11864.9 bp−$6,491doesn’t fit
SELL · SHORTPhoenix2.4417.2 bp−$1752.3 bp−$523doesn’t fitdoesn’t fit
Closing costs about the same again.
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