Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1107 | +0.0100 | pay 0.0100% / 8h | 3h 59m | $4.3M | $1.1M | 75x | Long Bitget | |
| SHORT | 0.1105 | +0.0060 | get 0.0007% / 1h | 59m 17s | $18K | $114K | 50x | Short TxFlow5% off |
Price gap−0.181%
Funding gap−0.0040% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.028% 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−$17−0.0040% /8h now · paid −0.173% over the last 7D
Price−$3spread −0.181% now, avg −0.153% → −0.028% if it goes back
Costs−$470.470% of $10k · taker + slippage, in and out
Result−$67−0.67%+ 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−0.181%
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
1 ok · 5 to watch- Watch: Thin at this size18.4 / 9.1 bpAt $10k entering Bitget costs 18.4 bp, fee and slippage, 2.0× TxFlow’s.
- Note: Margin at max leverage$133 + $200Bitget 75x, 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: −$1.21Long Bitget: 3 payments, −$3.00; short TxFlow: 24 payments, +$1.79.
- Watch: Gap narrower than usual−0.181% vs −0.153%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$18K vs $4.3M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCBitget Yes · TxFlow NoKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0083%/8h × 21 periods−$17.35
Price spread−0.181% → −0.153% (7d avg)−$2.80
Slippage, 4 orderslive order books−$26.00
Fee Bitget bp × 2 orders−$12.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$67.14
Costs to cover0.470%Break-evennever at this rate
Slippage: Bitget: live order book, 2 min ago; TxFlow: live order book, 54 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBitget4.5118.4 bp−$1832.2 bp−$322113.8 bp−$11.4Kdoesn’t fit
SELL · SHORTTxFlow4.559.1 bp−$919.0 bp−$19091.9 bp−$9,186doesn’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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