Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1102 | +0.0100 | pay 0.0100% / 8h | 1h 54m | $1.6M | $708K | 75x | Long KuCoin | |
| SHORT | 0.1101 | −0.0048 | pay 0.0006% / 1h | 54m 23s | $20K | $119K | 50x | Short TxFlow5% off |
Price gap−0.091%
Funding gap−0.0148% /8h
The gap pays +$9 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 47 hours. At the last 7 days' pace that is about 4.0 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$15−0.0148% /8h now · paid −0.152% over the last 7D
Price+$9spread −0.091% now, avg −0.178% → +0.088% if it goes back
Costs−$560.556% of $10k · taker + slippage, in and out
Result−$62−0.62%+ 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−0.091%
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 size20.6 / 9.0 bpAt $10k entering KuCoin costs 20.6 bp, fee and slippage, 2.3× TxFlow’s.
- Note: Margin at max leverage$133 + $200KuCoin 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: −$4.43Long KuCoin: 3 payments, −$3.00; short TxFlow: 24 payments, −$1.43.
- OK: Entry gap works for you−0.091% vs −0.178%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$20K vs $1.6M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCKuCoin Yes · TxFlow NoStandard KYC (ID and face check) for any product since Aug 2023.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0072%/8h × 21 periods−$15.20
Price spread−0.091% → −0.178% (7d avg)+$8.76
Slippage, 4 orderslive order books−$34.62
Fee KuCoin bp × 2 orders−$12.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$62.06
Costs to cover0.556%Break-evennever at this rate
Slippage: KuCoin: live order book, 1 min ago; TxFlow: live order book, 48 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKuCoin4.5320.6 bp−$2158.7 bp−$587doesn’t fitdoesn’t fit
SELL · SHORTTxFlow4.559.0 bp−$911.8 bp−$11877.6 bp−$7,757doesn’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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