Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 4.5300 | +0.0011 | pay 0.0001% / 1h | 51m 34s | $1.3M | $3.5M | 50x | Long TxFlow5% off | |
| SHORT | 4.5417 | +0.0255 | get 0.0032% / 1h | 51m 34s | $1.7M | $525K | 10x | Short Phoenix |
Price gap+0.258%
Funding gap+0.0244% /8h
Both sides work: funding pays +$7 a day on $10k, and the gap is 0.024% above its 7d average: +$2 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$53+0.0244% /8h now · paid +0.527% over the last 7D
Price+$2spread +0.258% now, avg +0.234% → +0.024% if it goes back
Costs−$400.397% of $10k · taker + slippage, in and out
Result+$15+0.15%+ 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+0.258%
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
/8hNEAR on 50 exchanges
lowest funding firstBefore you open
5 ok · 0 to watch- OK: Fits both order books5.6 / 14.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$200 + $1,000TxFlow 50x, Phoenix 10x. 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: +$7.31Long TxFlow: 24 payments, −$0.33; short Phoenix: 24 payments, +$7.64.
- OK: Entry gap works for you+0.258% vs +0.234%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Long leg is thinner$1.3M vs $1.7M OIBoth legs are deep; TxFlow is the smaller one.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legTxFlow No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0251%/8h × 21 periods+$52.73
Price spread+0.258% → +0.234% (7d avg)+$2.41
Slippage, 4 orderslive order books−$23.74
Fee TxFlow bp × 2 orders−$9.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k+$15.40
Costs to cover0.397%Break-even5.0 days
Slippage: TxFlow: live order book, 2 min ago; Phoenix: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow1.105.6 bp−$69.1 bp−$9123.1 bp−$2,315111.0 bp−$55.5K
SELL · SHORTPhoenix1.9814.0 bp−$1445.1 bp−$451doesn’t fitdoesn’t fit
Closing costs about the same again.
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