TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

OP

All OP markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
TxFlowOP-USDC
0.1100−0.0157get 0.0020% / 1h51m 38s$19K$115K50xLong TxFlow5% off
SHORT
KuCoinOPUSDTM
0.1102+0.0100get 0.0100% / 8h2h 51m$1.6M$735K75xShort KuCoin
Price gap+0.182%
Funding gap+0.0257% /8h

Funding trade: +$8 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 forecast
Funding+$15+0.0257% /8h now · paid +0.152% over the last 7D
Price$0spread +0.182% now, avg +0.179% → +0.003% if it goes back
Costs−$540.544% of $10k · taker + slippage, in and out
Result−$39−0.39%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.152% in total, about +0.0072%/8h on average.

Price and funding

1h · history
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

/8h

OP on 30 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size9.0 / 17.7 bp
    At $10k entering KuCoin costs 17.7 bp, fee and slippage, 2.0× TxFlow’s.
  • Note: Margin at max leverage$200 + $133
    TxFlow 50x, KuCoin 75x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$7.72Long TxFlow: 24 payments, +$4.72; short KuCoin: 3 payments, +$3.00.
  • Note: Gap at its usual level+0.182% vs +0.179%
    The price leg adds little either way.
  • Watch: Long leg is thinner$19K vs $1.6M OI
    TxFlow sets your exit cost. Check its book before closing.
  • OK: Points on a legTxFlow points
    Volume here counts toward the points program.
  • Watch: KYCTxFlow No · KuCoin Yes
    Standard KYC (ID and face check) for any product since Aug 2023.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0072%/8h × 21 periods+$15.20
Price spread+0.182% → +0.179% (7d avg)+$0.28
Slippage, 4 orderslive order books−$33.36
Fee TxFlow bp × 2 orders−$9.00
Fee KuCoin bp × 2 orders−$12.00
Net · 7 days · $10k−$38.88
Costs to cover0.544%Break-even24.9 days
Slippage: TxFlow: live order book, 55 min ago; KuCoin: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGTxFlow4.539.0 bp−$915.8 bp−$158126.8 bp−$12.7Kdoesn’t fit
SELL · SHORTKuCoin9.0417.7 bp−$1855.4 bp−$554doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

OP news

posts that mention OP, from every exchangeSearch all news →
10-14 12:02PhemexOther$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 ↗