Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1102 | +0.0024 | pay 0.0003% / 1h | 19m 17s | $21K | $124K | 50x | Long TxFlow5% off | |
| SHORT | 0.1103 | +0.0615 | get 0.0077% / 1h | 19m 17s | $13K | $137K | 10x | Short Injective |
Price gap+0.130%
Funding gap+0.0591% /8h
Funding trade: +$18 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$91+0.0591% /8h now · paid +0.915% over the last 7D
Price$0spread +0.130% now, avg +0.130% → 0.000% if it goes back
Costs−$660.665% 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+0.130%
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 · 2 to watch- Watch: Thin at this size9.1 / 23.6 bpAt $10k entering Injective costs 23.6 bp, fee and slippage, 2.6× TxFlow’s.
- Note: Margin at max leverage$200 + $1,000TxFlow 50x, Injective 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$17.72Long TxFlow: 24 payments, −$0.73; short Injective: 24 payments, +$18.44.
- Note: Gap at its usual level+0.130% vs +0.130%The price leg adds little either way.
- Watch: Short leg is thinner$13K vs $21K OIInjective sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legTxFlow No · Injective NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0436%/8h × 21 periods+$91.48
Price spread+0.130% → +0.130% (7d avg)+$0.03
Slippage, 4 orderslive order books−$57.47
Fee TxFlow bp × 2 orders−$9.00
Fee Injective bp × 2 orders−$0.02
Net · 7 days · $10k+$25.02
Costs to cover0.665%Break-even5.1 days
Slippage: TxFlow: live order book, 59 min ago; Injective: live order book, 59 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow4.559.1 bp−$911.7 bp−$117117.2 bp−$11.7Kdoesn’t fit
SELL · SHORTInjective13.6423.6 bp−$24doesn’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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