Funding arb · Price arb / Crypto
PENDLE
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.7670 | +0.0100 | pay 0.0050% / 4h | 58m 41s | $2.4M | $4.7M | 50x | Long OKX | |
| SHORT | 1.7660 | +0.0100 | get 0.0013% / 1h | 58m 41s | $19K | $224K | 25x | Short TxFlow5% off |
Price gap−0.057%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$3 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$80.0000% /8h now · paid −0.080% over the last 7D
Price+$3spread −0.057% now, avg −0.087% → +0.030% if it goes back
Costs−$730.732% of $10k · taker + slippage, in and out
Result−$78−0.78%+ 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−0.057%
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
/8hPENDLE on 31 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size21.6 / 17.3 bpAt $10k entering OKX costs 21.6 bp, fee and slippage, 1.3× TxFlow’s.
- Note: Margin at max leverage$200 + $400OKX 50x, TxFlow 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long OKX: 6 payments, −$3.00; short TxFlow: 24 payments, +$3.00.
- OK: Entry gap works for you−0.057% vs −0.087%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$19K vs $2.4M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCOKX Yes · TxFlow NoAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0038%/8h × 21 periods−$7.95
Price spread−0.057% → −0.087% (7d avg)+$3.04
Slippage, 4 orderslive order books−$54.19
Fee OKX bp × 2 orders−$10.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$78.11
Costs to cover0.732%Break-evennever at this rate
Slippage: OKX: live order book, 3 min ago; TxFlow: live order book, 35 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOKX2.8321.6 bp−$22248.1 bp−$2,481doesn’t fitdoesn’t fit
SELL · SHORTTxFlow0.2817.3 bp−$1767.5 bp−$675doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-24 18:20 | Phemex | Other | Phemex Futures TradFi Listing: ethereum:0xaea46a60368a7bd060eec7df8cba43b7ef41ad85, ethereum:0x5a98fcbea516cf06857215779fd812ca3bef1b32, $PENDLE, ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6, $CAKE, $INJ 🔹 Trading Zone: Perpetual 🔹 Max Leverage: Up to 50x 🔹 Trading Starts: @Phemex_official on X ↗ |
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