Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004599 | +0.0281 | pay 0.0035% / 1h | 59m 16s | $47K | $276K | 10x | Long Phoenix | |
| SHORT | 0.000004580 | +0.0036 | get 0.0005% / 1h | 59m 16s | $70K | $1.6M | 40x | Short TxFlow5% off |
Price gap−0.413%
Funding gap−0.0245% /8h
Both sides work against this direction now: funding costs $7 a day on $10k and the gap is 0.198% 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−$10−0.0245% /8h now · paid −0.104% over the last 7D
Price−$20spread −0.413% now, avg −0.215% → −0.198% if it goes back
Costs−$690.692% of $10k · taker + slippage, in and out
Result−$99−0.99%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.104% in total, about −0.0050%/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−0.413%
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
3 ok · 3 to watch- Watch: Thin at this size24.6 / 7.8 bpAt $10k entering Phoenix costs 24.6 bp, fee and slippage, 3.2× TxFlow’s.
- Note: Margin at max leverage$1,000 + $250Phoenix 10x, TxFlow 40x. 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: −$7.35Long Phoenix: 24 payments, −$8.43; short TxFlow: 24 payments, +$1.08.
- Watch: Gap narrower than usual−0.413% vs −0.215%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$47K vs $70K OIPhoenix 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 legPhoenix No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0050%/8h × 21 periods−$10.43
Price spread−0.413% → −0.215% (7d avg)−$19.80
Slippage, 4 orderslive order books−$53.20
Fee Phoenix bp × 2 orders−$7.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$99.43
Costs to cover0.692%Break-evennever at this rate
Slippage: Phoenix: live order book, 52 min ago; TxFlow: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.2124.6 bp−$2581.1 bp−$811doesn’t fitdoesn’t fit
SELL · SHORTTxFlow3.287.8 bp−$824.0 bp−$240204.6 bp−$20.5Kdoesn’t fit
Closing costs about the same again.
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