Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1101 | +0.0041 | pay 0.0005% / 1h | 11m 11s | $20K | $113K | 50x | Long TxFlow5% off | |
| SHORT | 0.1103 | +0.0100 | get 0.0100% / 8h | 5h 11m | $4.3M | $1.1M | 75x | Short Bitget |
Price gap+0.182%
Funding gap+0.0059% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.028% above its 7d average: +$3 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$17+0.0059% /8h now · paid +0.174% over the last 7D
Price+$3spread +0.182% now, avg +0.153% → +0.028% if it goes back
Costs−$450.448% of $10k · taker + slippage, in and out
Result−$25−0.25%+ 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+0.182%
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 size9.0 / 16.2 bpAt $10k entering Bitget costs 16.2 bp, fee and slippage, 1.8× TxFlow’s.
- Note: Margin at max leverage$200 + $133TxFlow 50x, Bitget 75x. 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: +$1.76Long TxFlow: 24 payments, −$1.24; short Bitget: 3 payments, +$3.00.
- OK: Entry gap works for you+0.182% vs +0.153%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$20K 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: KYCTxFlow No · Bitget YesKYC 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+$17.38
Price spread+0.182% → +0.153% (7d avg)+$2.83
Slippage, 4 orderslive order books−$23.82
Fee TxFlow bp × 2 orders−$9.00
Fee Bitget bp × 2 orders−$12.00
Net · 7 days · $10k−$24.60
Costs to cover0.448%Break-even16.9 days
Slippage: TxFlow: live order book, 3 min ago; Bitget: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow4.539.0 bp−$919.3 bp−$193128.3 bp−$12.8Kdoesn’t fit
SELL · SHORTBitget4.5316.2 bp−$1631.6 bp−$316112.5 bp−$11.3Kdoesn’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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