Settings8H · net · $10k
LanguageThe language of the site
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
My profile →
My profile
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.006377+0.0100pay 0.0050% / 4h1h 20m$25.1M$33.5M75xLong Bitget
SHORT0.006374−0.0127pay 0.0016% / 1h20m 47s$1.3M$1.6M55xShort TxFlow5% off
Price gap−0.047%
Funding gap−0.0227% /8h

Both sides work against this direction now: funding costs $7 a day on $10k and the gap is 0.180% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$1−0.0227% /8h now · paid −0.012% over the last 6 hours (all we have)
Price−$18spread −0.047% now, avg +0.133% → −0.180% if it goes back
Costs−$370.371% of $10k · taker + slippage, in and out
Result−$56−0.56%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

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−0.047%
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

PUMP on 43 exchanges

lowest funding first

Before you open

2 ok · 4 to watch
  • OK: Fits both order books11.2 / 7.0 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage$133 + $182
    Bitget 75x, TxFlow 55x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ4h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$6.81Long Bitget: 6 payments, −$3.00; short TxFlow: 24 payments, −$3.81.
  • Watch: Gap narrower than usual−0.047% vs +0.133%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$1.3M vs $25.1M OI
    TxFlow sets your exit cost. Check its book before closing.
  • OK: Points on a legTxFlow points
    Volume here counts toward the points program.
  • Watch: KYCBitget Yes · TxFlow No
    KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0168%/8h × 21 periods−$35.22
Price spread−0.047% → +0.133% (7d avg)−$18.01
Slippage, 4 orderslive order books−$16.09
Fee Bitget bp × 2 orders−$12.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$90.32
Costs to cover0.371%Break-evennever at this rate
Slippage: Bitget: live order book, 8 min ago; TxFlow: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBitget1.5611.2 bp−$1121.1 bp−$21149.0 bp−$4,897doesn’t fit
SELL · SHORTTxFlow0.797.0 bp−$79.4 bp−$9434.0 bp−$3,402168.9 bp−$84.4K

Closing costs about the same again.

Alert

PUMP news

posts that mention PUMP, from every exchangeSearch all news →
10-02 18:46RISExOther$PUMP still lived up to the name +49.6%. $LIT was anything but -23.9%, the week's worst. Make of that what you will for this week @risextrade on X ↗
10-02 06:00DeriveOtherNot a bad way to kick off October. $260M traded on Derive on October 1st. The two biggest prints: - 250x BTC 87K/90K call spread, Oct 9 ($42M notional) - 5,000x ETH 3,000/3,300 call spread, Oct 16 ($27M notional) Newer markets: 143 trades on $LIT, 44 on $PUMP. @DeriveXYZ on X ↗
10-01 00:11DeriveTokenSeptember at Derive: ➤ Leadership. @APvanvoorhees joined as Chief Legal and Compliance Officer, bringing 20+ years in capital markets and derivatives law. ➤ Record month. $1.7B in a week, $4.8B for September. ➤ New markets. LIT, PUMP and VVV markets went live, with liquidity ramping ahead of V3. ➤ Governance. Proposals went live for the V3 launch and increasing the share of protocol revenue allocated to $DRV buybacks from 35% to 50%. ➤ fomo. Derive joined @fomo, giving users another way to follow our updates. ➤ Bitvavo listing. $DRV went live for eligible users in supported regions. Next: Derive V3. @DeriveXYZ on X ↗
09-30 10:00BinanceContestDon't sit this one out. ⏳ PUMP/USDC Spot Trading Tournament is live. Up to 50,000,000 $PUMP Token Vouchers are up for grabs. Join now → @binance on X ↗
09-28 15:17OKXOtherNew X Drops just went live in Europe. Trade XDP, HYPE, TAO, LINK, PUMP, UNI, LTC, DOGE, FET, or AAVE for a share of 23M $XDP. $XDP trades get a 3× boost. @okx on X ↗
09-28 15:16PhoenixContestIt’s Solana Ecosystem week on Frontier Traders. Trade SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, and FARTCOIN perpetuals on Phoenix to compete for a $25,000 prize pool across Volume and PnL leaderboards. @PhoenixTrade on X ↗