Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 11.445 | +0.0100 | pay 0.0100% / 8h | 2h 53m | $30K | $1.1M | 30x | Long SunX≤10% back | |
| SHORT | 11.415 | +0.0025 | get 0.0003% / 1h | 53m 06s | $343K | $244K | 50x | Short TxFlow5% off |
Price gap−0.261%
Funding gap−0.0075% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.027% 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−$23−0.0075% /8h now · paid −0.226% over the last 7D
Price−$3spread −0.261% now, avg −0.234% → −0.027% if it goes back
Costs−$470.473% of $10k · taker + slippage, in and out
Result−$73−0.73%+ 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−0.261%
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- Watch: Thin at this size18.1 / 5.0 bpAt $10k entering SunX costs 18.1 bp, fee and slippage, 3.6× TxFlow’s.
- Note: Margin at max leverage$333 + $200SunX 30x, 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: −$2.24Long SunX: 3 payments, −$3.00; short TxFlow: 24 payments, +$0.76.
- Watch: Gap narrower than usual−0.261% vs −0.234%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$30K vs $343K OISunX sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legSunX No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0108%/8h × 21 periods−$22.61
Price spread−0.261% → −0.234% (7d avg)−$2.70
Slippage, 4 orderslive order books−$30.31
Fee SunX bp × 2 orders−$8.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$72.62
Costs to cover0.473%Break-evennever at this rate
Slippage: SunX: live order book, 11 min ago; TxFlow: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX13.7018.1 bp−$18doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTTxFlow0.445.0 bp−$57.9 bp−$7931.1 bp−$3,115doesn’t fit
Closing costs about the same again.
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