Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.3676 | +0.0100 | pay 0.0013% / 1h | 52m 59s | $77K | $105K | 50x | Long TxFlow5% off | |
| SHORT | 0.3685 | +0.0100 | get 0.0100% / 8h | 2h 52m | $259K | $4.2M | 10x | Short GRVT |
Price gap+0.232%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$13 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$110.0000% /8h now · paid +0.113% over the last 7D
Price+$13spread +0.232% now, avg +0.102% → +0.130% if it goes back
Costs−$480.484% of $10k · taker + slippage, in and out
Result−$24−0.24%+ Points / potential airdropTxFlow: points · GRVT: 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+0.232%
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
3 ok · 3 to watch- Watch: Large against open interest13.8 / 13.2 bp$10k is over 10% of TxFlow’s open interest.
- Note: Margin at max leverage$200 + $1,000TxFlow 50x, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long TxFlow: 24 payments, −$3.00; short GRVT: 3 payments, +$3.00.
- OK: Entry gap works for you+0.232% vs +0.102%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$77K vs $259K OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow points · GRVT pointsVolume here counts toward the points program.
- OK: No KYC on either legTxFlow No · GRVT NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0054%/8h × 21 periods+$11.30
Price spread+0.232% → +0.102% (7d avg)+$13.04
Slippage, 4 orderslive order books−$30.38
Fee TxFlow bp × 2 orders−$9.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$24.04
Costs to cover0.484%Break-even21.9 days
Slippage: TxFlow: live order book, 54 min ago; GRVT: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow1.3613.8 bp−$1431.1 bp−$311287.8 bp−$28.8Kdoesn’t fit
SELL · SHORTGRVT2.7113.2 bp−$1328.5 bp−$285doesn’t fitdoesn’t fit
Closing costs about the same again.
Phemex