Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004991 | −0.2791 | get 0.2791% / 8h | 4h 45m | $2.5M | $5.6M | 50x | Long Phemex | |
| SHORT | 0.000004975 | +0.0124 | get 0.0015% / 1h | 45m 47s | $258K | $725K | 40x | Short TxFlow5% off |
Price gap−0.317%
Funding gap+0.2915% /8h
Funding pays +$87 a day on $10k, but the gap is 0.098% under its 7d average: −$10 if it goes back, about 3 hours of funding. At the last 7 days' pace that is about 19 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$87+0.2915% /8h now · paid +0.869% over the last 7D
Price−$10spread −0.317% now, avg −0.219% → −0.098% if it goes back
Costs−$510.511% of $10k · taker + slippage, in and out
Result+$26+0.26%+ 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 +0.869% in total, about +0.0414%/8h on average.
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−0.317%
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
/8hPEPE on 39 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size17.0 / 7.2 bpAt $10k entering Phemex costs 17.0 bp, fee and slippage, 2.4× TxFlow’s.
- Note: Margin at max leverage$200 + $250Phemex 50x, TxFlow 40x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$87.46Long Phemex: 3 payments, +$83.74; short TxFlow: 24 payments, +$3.71.
- Watch: Gap narrower than usual−0.317% vs −0.219%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$258K vs $2.5M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCPhemex Yes · TxFlow NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0414%/8h × 21 periods+$86.94
Price spread−0.317% → −0.219% (7d avg)−$9.78
Slippage, 4 orderslive order books−$30.11
Fee Phemex bp × 2 orders−$12.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k+$26.06
Costs to cover0.511%Break-even4.9 days
Slippage: Phemex: live order book, 6 min ago; TxFlow: live order book, 41 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex3.4017.0 bp−$1757.4 bp−$574141.0 bp−$14.1Kdoesn’t fit
SELL · SHORTTxFlow1.007.2 bp−$732.4 bp−$324doesn’t fitdoesn’t fit
Closing costs about the same again.
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