Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4159 | −0.0777 | get 0.0097% / 1h | 42m 32s | $284K | $72K | 10x | Long Backpack | |
| SHORT | 0.4154 | −0.0189 | pay 0.0024% / 1h | 42m 32s | $268K | $129K | 25x | Short TxFlow5% off |
Price gap−0.111%
Funding gap+0.0588% /8h
Both sides work: funding pays +$18 a day on $10k, and the gap is 0.024% above its 7d average: +$2 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$73+0.0588% /8h now · paid −0.734% over the last 7D
Price+$2spread −0.111% now, avg −0.135% → +0.024% if it goes back
Costs−$410.411% of $10k · taker + slippage, in and out
Result−$112−1.12%+ 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−0.111%
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
/8hJTO on 25 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books8.9 / 10.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $400Backpack 10x, TxFlow 25x. 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: +$17.64Long Backpack: 24 payments, +$23.32; short TxFlow: 24 payments, −$5.68.
- OK: Entry gap works for you−0.111% vs −0.135%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$268K vs $284K OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCBackpack Yes · TxFlow NoKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0350%/8h × 21 periods−$73.42
Price spread−0.111% → −0.135% (7d avg)+$2.45
Slippage, 4 orderslive order books−$22.09
Fee Backpack bp × 2 orders−$10.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$112.07
Costs to cover0.411%Break-evennever at this rate
Slippage: Backpack: live order book, 52 min ago; TxFlow: live order book, 50 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBackpack0.128.9 bp−$9doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTTxFlow2.3910.8 bp−$1141.0 bp−$410288.3 bp−$28.8Kdoesn’t fit
Closing costs about the same again.
| 09-28 15:16 | Phoenix | Contest | It’s Solana Ecosystem week on Frontier Traders. Trade SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, and FARTCOIN perpetuals on Phoenix to compete for a $25,000 prize pool across Volume and PnL leaderboards. @PhoenixTrade on X ↗ |
| 09-25 14:48 | Phoenix | Contest | $SOL went up, and so did the rewards. Earn an additional $25k in rewards for trading @solana ecosystem tokens on Phoenix this week, courtesy of @joinfrontier SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, FART @PhoenixTrade on X ↗ |
| 09-18 10:04 | Deribit | Listing | 🚨 Now live on Deribit: MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM USDC-settled perpetuals. ↓ @DeribitOfficial on X ↗ |
| 09-17 15:30 | Deribit | Listing | 🚨 More new perpetual futures are coming to Deribit We are pleased to announce that tomorrow, September 18, 2026, at 10:00 AM UTC, Deribit is launching a new lineup of USDC-settled perpetuals. MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM Contract details: 🔹Settlement: USDC 🔹All contract details and specifications 🔽 Please note that these newly listed perpetual contracts are subject to our Auto-Deleveraging Mechanism (ADL) and are covered by the Liquidity Support Program (LSP). By trading any of the products listed above, you acknowledge and agree that the terms of ADL and LSP will apply. @DeribitOfficial on X ↗ |

Phoenix
Deribit