Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.08812 | −0.0327 | get 0.0041% / 1h | 19m 20s | $149K | $123K | 50x | Long TxFlow5% off | |
| SHORT | 0.08823 | +0.0100 | get 0.0050% / 4h | 3h 19m | $5.7M | $6.8M | — | Short BingX |
Price gap+0.125%
Funding gap+0.0427% /8h
Funding trade: +$13 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$44+0.0427% /8h now · paid +0.445% over the last 7D
Price−$1spread +0.125% now, avg +0.131% → −0.006% if it goes back
Costs−$330.326% of $10k · taker + slippage, in and out
Result+$11+0.11%+ 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+0.125%
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
/8hPOL on 27 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- OK: Fits both order books6.6 / 9.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$200 + —TxFlow 50x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$12.80Long TxFlow: 24 payments, +$9.80; short BingX: 6 payments, +$3.00.
- Note: Gap at its usual level+0.125% vs +0.131%The price leg adds little either way.
- Watch: Long leg is thinner$149K vs $5.7M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCTxFlow No · BingX YesAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0212%/8h × 21 periods+$44.49
Price spread+0.125% → +0.131% (7d avg)−$0.62
Slippage, 4 orderslive order books−$13.64
Fee TxFlow bp × 2 orders−$9.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$11.23
Costs to cover0.326%Break-even5.2 days
Slippage: TxFlow: live order book, 59 min ago; BingX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow0.576.6 bp−$715.9 bp−$159184.0 bp−$18.4Kdoesn’t fit
SELL · SHORTBingX0.579.1 bp−$916.8 bp−$16877.6 bp−$7,758345.0 bp−$172.5K
Closing costs about the same again.
| 09-28 14:42 | Deribit | Listing | 🚨 Pre-IPO Anthropic, POL & OPG USDC Perpetuals. Now Live Deribit has launched the following USDC-settled perpetual markets: ANTH_USDC | POL_USDC | OPG_USDC Read more 👉 Disclaimer: Deribit FZE is authorised and regulated by the Virtual Assets Regulatory Authority (VARA) in Dubai. Availability of products and services is subject to applicable regulatory requirements and investor classification. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full. Deribit does not endorse, sponsor, or have any affiliation with Anthropic. Any use of a referenced company’s name or marks is nominative and limited to what is necessary to identify the relevant category. @DeribitOfficial on X ↗ |
| 09-28 13:03 | Deribit | Listing | new market POL_USDC-PERPETUAL ($POL) seen by our collector |
| 09-24 09:36 | Phemex | Listing | new market POLUSDT ($POL) seen by our collector |

Deribit
Phemex