Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 11.342 | +0.0319 | pay 0.0319% / 8h | 3h 26m | $750K | $333K | 3.7x | Long Kalshi | |
| SHORT | 11.323 | −0.0132 | pay 0.0016% / 1h | 26m 01s | $334K | $426K | 50x | Short TxFlow5% off |
Price gap−0.166%
Funding gap−0.0451% /8h
Both sides work against this direction now: funding costs $14 a day on $10k and the gap is 0.047% 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−$56−0.0451% /8h now · paid −0.563% over the last 7D
Price−$5spread −0.166% now, avg −0.119% → −0.047% if it goes back
Costs−$310.315% of $10k · taker + slippage, in and out
Result−$92−0.92%+ 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−0.166%
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
/8hLINK on 43 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- OK: Fits both order books9.1 / 6.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$2,679 + $200Kalshi 3.7x, 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: −$13.52Long Kalshi: 3 payments, −$9.57; short TxFlow: 24 payments, −$3.95.
- Watch: Gap narrower than usual−0.166% vs −0.119%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$334K vs $750K OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCKalshi Yes · TxFlow NoA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0268%/8h × 21 periods−$56.32
Price spread−0.166% → −0.119% (7d avg)−$4.68
Slippage, 4 orderslive order books−$14.48
Fee Kalshi bp × 2 orders−$8.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$92.48
Costs to cover0.315%Break-evennever at this rate
Slippage: Kalshi: live order book, 8 min ago; TxFlow: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKalshi4.759.1 bp−$916.2 bp−$162doesn’t fitdoesn’t fit
SELL · SHORTTxFlow1.766.3 bp−$69.4 bp−$9430.2 bp−$3,021136.9 bp−$68.4K
Closing costs about the same again.
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