Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.6080 | +0.0100 | pay 0.0100% / 8h | 3h 59m | $2K | $1.1M | 20x | Long SunX≤10% back | |
| SHORT | 2.6000 | −0.0269 | pay 0.0034% / 1h | 59m 12s | $97K | $75K | 25x | Short TxFlow5% off |
Price gap−0.307%
Funding gap−0.0369% /8h
Both sides work against this direction now: funding costs $11 a day on $10k and the gap is 0.036% 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−$67−0.0369% /8h now · paid −0.666% over the last 7D
Price−$4spread −0.307% now, avg −0.271% → −0.036% if it goes back
Costs−$1541.535% of $10k · taker + slippage, in and out
Result−$224−2.24%+ 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−0.307%
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
/8hICP on 29 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size56.9 / 10.1 bpAt $10k entering SunX costs 56.9 bp, fee and slippage, 5.6× TxFlow’s.
- Note: Margin at max leverage$500 + $400SunX 20x, TxFlow 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$11.06Long SunX: 3 payments, −$3.00; short TxFlow: 24 payments, −$8.06.
- Watch: Gap narrower than usual−0.307% vs −0.271%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$2K vs $97K OISunX 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 legSunX No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0317%/8h × 21 periods−$66.55
Price spread−0.307% → −0.271% (7d avg)−$3.62
Slippage, 4 orderslive order books−$136.53
Fee SunX bp × 2 orders−$8.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$223.71
Costs to cover1.535%Break-evennever at this rate
Slippage: SunX: live order book, 5 min ago; TxFlow: live order book, 54 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX32.5556.9 bp−$57doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTTxFlow1.9410.1 bp−$1021.9 bp−$219122.8 bp−$12.3Kdoesn’t fit
Closing costs about the same again.
Orderly