Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004580 | +0.0036 | pay 0.0005% / 1h | 59m 15s | $70K | $1.6M | 40x | Long TxFlow5% off | |
| SHORT | 0.000004589 | −0.0231 | pay 0.0029% / 1h | 59m 15s | $241K | $868K | 10x | Short Polymarket Perps |
Price gap+0.197%
Funding gap−0.0267% /8h
The gap pays +$9 on $10k if it goes back to its 7d average, but funding costs $8 a day and eats that in about 26 hours. At the last 7 days' pace that is about 7.7 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$8−0.0267% /8h now · paid −0.079% over the last 7D
Price+$9spread +0.197% now, avg +0.111% → +0.086% if it goes back
Costs−$500.503% of $10k · taker + slippage, in and out
Result−$50−0.50%+ 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 −0.079% in total, about −0.0037%/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+0.197%
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
4 ok · 2 to watch- Watch: Thin at this size12.1 / 15.2 bpAt $10k entering Polymarket Perps costs 15.2 bp, fee and slippage, 1.3× TxFlow’s.
- Note: Margin at max leverage$250 + $1,000TxFlow 40x, Polymarket Perps 10x. 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: −$8.00Long TxFlow: 24 payments, −$1.08; short Polymarket Perps: 24 payments, −$6.92.
- OK: Entry gap works for you+0.197% vs +0.111%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$70K vs $241K OITxFlow 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 legTxFlow No · Polymarket Perps NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0037%/8h × 21 periods−$7.86
Price spread+0.197% → +0.111% (7d avg)+$8.60
Slippage, 4 orderslive order books−$33.30
Fee TxFlow bp × 2 orders−$9.00
Fee Polymarket Perps bp × 2 orders−$8.00
Net · 7 days · $10k−$49.56
Costs to cover0.503%Break-evennever at this rate
Slippage: TxFlow: live order book, 3 min ago; Polymarket Perps: live order book, 23 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow3.2812.1 bp−$1227.7 bp−$277217.8 bp−$21.8Kdoesn’t fit
SELL · SHORTPolymarket Perps11.2015.2 bp−$1528.8 bp−$288doesn’t fitdoesn’t fit
Closing costs about the same again.
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