Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1139 | 0 | 0.0000% / 1h | 6m 44s | $24K | $130K | 50x | Long TxFlow5% off | |
| SHORT | 0.1140 | −0.0068 | pay 0.0068% / 8h | 4h 06m | $6.9M | $7.0M | 300x | Short MEXC |
Price gap+0.097%
Funding gap−0.0068% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.079% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$10−0.0068% /8h now · paid −0.104% over the last 7D
Price−$8spread +0.097% now, avg +0.176% → −0.079% if it goes back
Costs−$230.235% of $10k · taker + slippage, in and out
Result−$42−0.42%+ 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+0.097%
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 / 1.9 bp$10k is over 10% of TxFlow’s open interest.
- Note: Margin at max leverage$200 + $33TxFlow 50x, MEXC 300x. 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: −$2.03Long TxFlow: 24 payments, +$0.01; short MEXC: 3 payments, −$2.04.
- Watch: Gap narrower than usual+0.097% vs +0.176%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 $6.9M 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 · MEXC YesKYC before trading since Feb 2026; unverified accounts see market data only.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0050%/8h × 21 periods−$10.41
Price spread+0.097% → +0.176% (7d avg)−$7.94
Slippage, 4 orderslive order books−$14.48
Fee TxFlow bp × 2 orders−$9.00
Fee MEXC bp × 2 orders$0.00
Net · 7 days · $10k−$41.83
Costs to cover0.235%Break-evennever at this rate
Slippage: TxFlow: live order book, 29 min ago; MEXC: 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 · SHORTMEXC0.441.9 bp−$210.5 bp−$10564.9 bp−$6,491123.5 bp−$61.8K
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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