Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.02171 | −0.0228 | get 0.0029% / 1h | 10m 16s | $137K | $106K | 75x | Long TxFlow5% off | |
| SHORT | 0.02176 | −0.0374 | pay 0.0047% / 1h | 10m 16s | $368K | $78K | 20x | Short Kraken Futures |
Price gap+0.233%
Funding gap−0.0146% /8h
The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 22 hours. At the last 7 days' pace that is about 4.8 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$6−0.0146% /8h now · paid −0.059% over the last 7D
Price+$4spread +0.233% now, avg +0.193% → +0.040% if it goes back
Costs−$740.738% of $10k · taker + slippage, in and out
Result−$76−0.76%+ 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+0.233%
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
/8hMON on 38 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size16.1 / 22.3 bpAt $10k entering Kraken Futures costs 22.3 bp, fee and slippage, 1.4× TxFlow’s.
- Note: Margin at max leverage$133 + $500TxFlow 75x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$4.38Long TxFlow: 24 payments, +$6.85; short Kraken Futures: 24 payments, −$11.23.
- OK: Entry gap works for you+0.233% vs +0.193%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$137K vs $368K OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCTxFlow No · Kraken Futures YesFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0028%/8h × 21 periods−$5.86
Price spread+0.233% → +0.193% (7d avg)+$4.01
Slippage, 4 orderslive order books−$54.79
Fee TxFlow bp × 2 orders−$9.00
Fee Kraken Futures bp × 2 orders−$10.00
Net · 7 days · $10k−$75.64
Costs to cover0.738%Break-evennever at this rate
Slippage: TxFlow: live order book, 6 min ago; Kraken Futures: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow2.2916.1 bp−$1644.5 bp−$445417.5 bp−$41.7Kdoesn’t fit
SELL · SHORTKraken Futures9.1622.3 bp−$2288.3 bp−$883doesn’t fitdoesn’t fit
Closing costs about the same again.
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| 10-13 15:16 | Bulk | Listing | new market MON-USD ($MON) seen by our collector |
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| 10-08 07:42 | RISEx | Listing | new market MON/USDC ($MON) seen by our collector |
| 10-06 08:33 | ApeX Omni | Other | 21 up, 65 down on the ApeX board, median -1.7%. A proper red day. filecoin:native +12.2% is the exception. @protocollabs and Foundation vesting ends this month, which Filecoin estimates cuts gross issuance about 75%. @monad $MON -11.8% is the worst. @OfficialApeXdex on X ↗ |

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