Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.3004 | −0.0183 | get 0.0091% / 4h | 48m 37s | $4.5M | $1.3M | 25x | Long Bybit | |
| SHORT | 0.2996 | −0.0327 | pay 0.0041% / 1h | 48m 37s | $175K | $103K | 20x | Short TxFlow5% off |
Price gap−0.266%
Funding gap−0.0144% /8h
Both sides work against this direction now: funding costs $4 a day on $10k and the gap is 0.069% 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−$60−0.0144% /8h now · paid −0.596% over the last 7D
Price−$7spread −0.266% now, avg −0.197% → −0.069% if it goes back
Costs−$950.950% of $10k · taker + slippage, in and out
Result−$161−1.61%+ 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−0.266%
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
/8hMET on 21 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size39.0 / 11.0 bpAt $10k entering Bybit costs 39.0 bp, fee and slippage, 3.6× TxFlow’s.
- Note: Margin at max leverage$400 + $500Bybit 25x, TxFlow 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$4.33Long Bybit: 6 payments, +$5.48; short TxFlow: 24 payments, −$9.81.
- Watch: Gap narrower than usual−0.266% vs −0.197%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$175K vs $4.5M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCBybit Yes · TxFlow NoStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0284%/8h × 21 periods−$59.57
Price spread−0.266% → −0.197% (7d avg)−$6.89
Slippage, 4 orderslive order books−$74.96
Fee Bybit bp × 2 orders−$11.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$161.43
Costs to cover0.950%Break-evennever at this rate
Slippage: Bybit: live order book, 3 min ago; TxFlow: live order book, 16 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit1.6739.0 bp−$39230.6 bp−$2,306doesn’t fitdoesn’t fit
SELL · SHORTTxFlow3.3411.0 bp−$1174.2 bp−$742doesn’t fitdoesn’t fit
Closing costs about the same again.
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