TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
My profile →
My profile
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.2581−0.0885get 0.0111% / 1h13m 59s$192K$16K20xLong Kraken Futures
SHORT0.2580−0.0035pay 0.0004% / 1h13m 59s$101K$59K25xShort TxFlow5% off
Price gap−0.054%
Funding gap+0.0850% /8h

Both sides work: funding pays +$26 a day on $10k, and the gap is 0.099% above its 7d average: +$10 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$23+0.0850% /8h now · paid −0.231% over the last 7D
Price+$10spread −0.054% now, avg −0.154% → +0.099% if it goes back
Costs−$2112.112% 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

The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.231% in total, about −0.0110%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.054%
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

/8h

KAITO on 29 exchanges

lowest funding first

Before you open

3 ok · 3 to watch
  • Watch: Thin at this size61.5 / 13.5 bp
    At $10k entering Kraken Futures costs 61.5 bp, fee and slippage, 4.6× TxFlow’s.
  • Note: Margin at max leverage$500 + $400
    Kraken Futures 20x, TxFlow 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$25.50Long Kraken Futures: 24 payments, +$26.56; short TxFlow: 24 payments, −$1.06.
  • OK: Entry gap works for you−0.054% vs −0.154%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$101K vs $192K OI
    TxFlow sets your exit cost. Check its book before closing.
  • OK: Points on a legTxFlow points
    Volume here counts toward the points program.
  • Watch: KYCKraken Futures Yes · TxFlow No
    Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0110%/8h × 21 periods−$23.13
Price spread−0.054% → −0.154% (7d avg)+$9.93
Slippage, 4 orderslive order books−$192.21
Fee Kraken Futures bp × 2 orders−$10.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$224.42
Costs to cover2.112%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 22 min ago; TxFlow: live order book, 63 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGKraken Futures31.0261.5 bp−$62doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTTxFlow1.9413.5 bp−$1344.8 bp−$448doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert