TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.000004595+0.0100pay 0.0100% / 8h1m 54s$802K$11.1M50xLong Variational Omni+15% pts
SHORT0.000004599−0.0124pay 0.0016% / 1h1m 54s$92K$1.6M40xShort TxFlow5% off
Price gap+0.097%45s
Funding gap−0.0224% /8h

The gap pays +$8 on $10k if it goes back to its 7d average, but funding costs $7 a day and eats that in about 27 hours. At the last 7 days' pace that is about 6.1 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$9−0.0224% /8h now · paid −0.088% over the last 7D
Price—spread +0.097%45s now · prices read too far apart to compare
Costs−$620.615% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropVariational Omni: points · TxFlow: points · farm boardneeds both prices read together

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.088% in total, about −0.0042%/8h on average.

Price and funding

1h · history
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

/8h

PEPE on 39 exchanges

lowest funding first

Before you open

2 ok · 4 to watch
  • Watch: Thin at this size21.8 / 6.8 bp
    At $10k entering Variational Omni costs 21.8 bp, fee and slippage, 3.2× TxFlow’s.
  • Note: Margin at max leverage$200 + $250
    Variational Omni 50x, TxFlow 40x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$6.72Long Variational Omni: 3 payments, −$3.00; short TxFlow: 24 payments, −$3.72.
  • Watch: Prices read 45 s apart+0.097% vs +0.020%
    Part of this gap may be the market moving.
  • Watch: Short leg is thinner$92K vs $802K OI
    TxFlow sets your exit cost. Check its book before closing.
  • OK: Points on a legVariational Omni points · TxFlow points
    Volume here counts toward the points program.
  • OK: No KYC on either legVariational Omni No · TxFlow No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0042%/8h × 21 periods−$8.75
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$52.51
Fee Variational Omni bp × 2 orders$0.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$70.26
price spread not counted: prices read too far apart
Costs to cover0.615%Break-evennever at this rate
Slippage: Variational Omni: RFQ quote, 1 min ago; TxFlow: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGVariational Omni5.4521.8 bp−$2235.9 bp−$35975.1 bp−$7,514doesn’t fit
SELL · SHORTTxFlow1.106.8 bp−$717.0 bp−$170doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

PEPE news

posts that mention PEPE, from every exchangeSearch all news →
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09-24 15:00PhoenixListingnew market kPEPE ($PEPE) seen by our collector
09-23 09:30PhemexOtherBTC is green. But the alts are doing the talking. $XRP +9.11% $PEPE +18.55% $ZEC +6.56% $NEAR +4.14% 👀 What are you watching? The next 100x gems? Comments below👇 @Phemex_official on X ↗