Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1136 | +0.0100 | pay 0.0100% / 8h | 2h 29m | $100K | $9K | 10x | Long Aster≤10% back | |
| SHORT | 0.1137 | −0.0027 | pay 0.0003% / 1h | 29m 01s | $23K | $133K | 50x | Short TxFlow5% off |
Price gap+0.123%49s
Funding gap−0.0127% /8h
The gap pays +$19 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 5.0 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$22−0.0127% /8h now · paid −0.223% over the last 7D
Price—spread +0.123%49s now · prices read too far apart to compare
Costs−$1521.525% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropAster: Stage 5 · TxFlow: points · farm boardneeds both prices read together
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+0.123%
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
/8hOP on 30 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size40.2 / 8.9 bpAt $10k entering Aster costs 40.2 bp, fee and slippage, 4.5× TxFlow’s.
- Note: Margin at max leverage$1,000 + $200Aster 10x, 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: −$3.80Long Aster: 3 payments, −$3.00; short TxFlow: 24 payments, −$0.80.
- Watch: Prices read 49 s apart+0.123% vs −0.066%Part of this gap may be the market moving.
- Watch: Short leg is thinner$23K vs $100K OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legAster Stage 5 · TxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legAster No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0106%/8h × 21 periods−$22.27
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$135.49
Fee Aster bp × 2 orders−$8.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$174.76
price spread not counted: prices read too far apartCosts to cover1.525%Break-evennever at this rate
Slippage: Aster: live order book, 22 min ago; TxFlow: live order book, 62 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAster31.2440.2 bp−$40doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTTxFlow4.438.9 bp−$910.9 bp−$109103.1 bp−$10.3Kdoesn’t fit
Closing costs about the same again.
| 10-14 12:02 | Phemex | Other | $OP got the first move. Now comes the harder part. Is capital rotating back into L2s, or is this a sharp bounce from beaten-down levels? Price is the headline. Follow-through is the test. Which side are you watching?👇 @Phemex_official on X ↗ |
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