Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.3666 | +0.0100 | pay 0.0100% / 8h | 1h 56m | $10.9M | $293K | 50x | Long Gate | |
| SHORT | 0.3658 | −0.0038 | pay 0.0005% / 1h | 56m 15s | $76K | $110K | 50x | Short TxFlow5% off |
Price gap−0.218%
Funding gap−0.0138% /8h
Both sides work against this direction now: funding costs $4 a day on $10k and the gap is 0.091% 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$0−0.0138% /8h now · paid −0.004% over the last 7D
Price−$9spread −0.218% now, avg −0.127% → −0.091% if it goes back
Costs−$700.698% of $10k · taker + slippage, in and out
Result−$79−0.79%+ 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−0.218%
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
/8hLDO on 30 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size22.6 / 10.3 bpAt $10k entering Gate costs 22.6 bp, fee and slippage, 2.2× TxFlow’s.
- Note: Margin at max leverage$200 + $200Gate 50x, TxFlow 50x. 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: −$4.14Long Gate: 3 payments, −$3.00; short TxFlow: 24 payments, −$1.14.
- Watch: Gap narrower than usual−0.218% vs −0.127%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$76K vs $10.9M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCGate Yes · TxFlow NoKYC before the futures account opens; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0002%/8h × 21 periods−$0.41
Price spread−0.218% → −0.127% (7d avg)−$9.10
Slippage, 4 orderslive order books−$45.77
Fee Gate bp × 2 orders−$15.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$79.29
Costs to cover0.698%Break-evennever at this rate
Slippage: Gate: live order book, 1 min ago; TxFlow: live order book, 45 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGate5.4622.6 bp−$231393.5 bp−$13.9Kdoesn’t fitdoesn’t fit
SELL · SHORTTxFlow1.3610.3 bp−$1027.0 bp−$270200.2 bp−$20.0Kdoesn’t fit
Closing costs about the same again.
Phemex