Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2787 | −0.0237 | get 0.0030% / 1h | 10m 58s | $227K | $92K | 50x | Long TxFlow5% off | |
| SHORT | 0.2793 | +0.0100 | get 0.0050% / 4h | 1h 10m | $2.7M | $860K | 50x | Short Phemex |
Price gap+0.215%
Funding gap+0.0337% /8h
Funding trade: +$10 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$53+0.0337% /8h now · paid +0.532% over the last 7D
Price−$2spread +0.215% now, avg +0.232% → −0.017% if it goes back
Costs−$540.542% of $10k · taker + slippage, in and out
Result−$3−0.03%+ 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+0.215%
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
/8hJUP on 35 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size11.3 / 19.1 bpAt $10k entering Phemex costs 19.1 bp, fee and slippage, 1.7× TxFlow’s.
- 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: +$10.11Long TxFlow: 24 payments, +$7.11; short Phemex: 6 payments, +$3.00.
- Note: Gap at its usual level+0.215% vs +0.232%The price leg adds little either way.
- Watch: Long leg is thinner$227K vs $2.7M 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+0.0254%/8h × 21 periods+$53.24
Price spread+0.215% → +0.232% (7d avg)−$1.68
Slippage, 4 orderslive order books−$33.18
Fee TxFlow bp × 2 orders−$9.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$2.62
Costs to cover0.542%Break-even7.3 days
Slippage: TxFlow: live order book, 6 min ago; Phemex: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow1.8011.3 bp−$1133.2 bp−$332doesn’t fitdoesn’t fit
SELL · SHORTPhemex1.7919.1 bp−$1964.4 bp−$644doesn’t fitdoesn’t fit
Closing costs about the same again.
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