Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1139 | +0.0015 | pay 0.0002% / 1h | 7m 37s | $24K | $130K | 50x | Long TxFlow5% off | |
| SHORT | 0.1140 | +0.0100 | get 0.0100% / 8h | 4h 07m | $14.8M | $8.6M | 75x | Short Bybit |
Price gap+0.132%
Funding gap+0.0085% /8h
Funding pays +$3 a day on $10k, but the gap is 0.021% under its 7d average: −$2 if it goes back, about 20 hours of funding. At the last 7 days' pace that is about 3.1 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$5+0.0085% /8h now · paid +0.048% over the last 7D
Price−$2spread +0.132% now, avg +0.153% → −0.021% if it goes back
Costs−$340.337% of $10k · taker + slippage, in and out
Result−$31−0.31%+ 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+0.132%
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: Large against open interest8.9 / 9.3 bp$10k is over 10% of TxFlow’s open interest.
- Note: Margin at max leverage$200 + $133TxFlow 50x, Bybit 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: +$2.55Long TxFlow: 24 payments, −$0.45; short Bybit: 3 payments, +$3.00.
- Watch: Gap narrower than usual+0.132% vs +0.153%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$24K vs $14.8M 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 · Bybit YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0023%/8h × 21 periods+$4.76
Price spread+0.132% → +0.153% (7d avg)−$2.13
Slippage, 4 orderslive order books−$13.70
Fee TxFlow bp × 2 orders−$9.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$31.06
Costs to cover0.337%Break-even52.6 days
Slippage: TxFlow: live order book, 28 min ago; Bybit: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow4.448.9 bp−$920.9 bp−$209206.8 bp−$20.7Kdoesn’t fit
SELL · SHORTBybit0.449.3 bp−$921.9 bp−$219194.5 bp−$19.5Kdoesn’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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