Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1131 | +0.0100 | pay 0.0013% / 1h | 16m 12s | $23K | $131K | 50x | Long TxFlow5% off | |
| SHORT | 0.1133 | +0.0100 | get 0.0100% / 8h | 3h 16m | $100K | $9K | 10x | Short Aster≤10% back |
Price gap+0.141%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$7 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$220.0000% /8h now · paid +0.224% over the last 7D
Price+$7spread +0.141% now, avg +0.068% → +0.073% if it goes back
Costs−$1661.661% of $10k · taker + slippage, in and out
Result−$136−1.36%+ Points / potential airdropTxFlow: points · Aster: Stage 5 · 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+0.141%
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
3 ok · 3 to watch- Watch: Thin at this size16.6 / 88.1 bpAt $10k entering Aster costs 88.1 bp, fee and slippage, 5.3× TxFlow’s.
- Note: Margin at max leverage$200 + $1,000TxFlow 50x, Aster 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long TxFlow: 24 payments, −$3.00; short Aster: 3 payments, +$3.00.
- OK: Entry gap works for you+0.141% vs +0.068%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$23K vs $100K OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow points · Aster Stage 5Volume here counts toward the points program.
- OK: No KYC on either legTxFlow No · Aster NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0107%/8h × 21 periods+$22.42
Price spread+0.141% → +0.068% (7d avg)+$7.31
Slippage, 4 orderslive order books−$149.06
Fee TxFlow bp × 2 orders−$9.00
Fee Aster bp × 2 orders−$8.00
Net · 7 days · $10k−$136.32
Costs to cover1.661%Break-even49.6 days
Slippage: TxFlow: live order book, 15 min ago; Aster: live order book, 55 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow4.4316.6 bp−$1726.0 bp−$260doesn’t fitdoesn’t fit
SELL · SHORTAster44.9388.1 bp−$88doesn’t fitdoesn’t fitdoesn’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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