Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.004335 | +0.0100 | pay 0.0050% / 4h | 1h 58m | $10K | $536K | 20x | Long SunX≤10% back | |
| SHORT | 0.004229 | +0.0032 | get 0.0004% / 1h | 58m 00s | $713K | $821K | 55x | Short TxFlow5% off |
Price gap−2.445%
Funding gap−0.0068% /8h
The gap pays +$11 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 5.4 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$28−0.0068% /8h now · paid −0.281% over the last 7D
Price+$11spread −2.445% now, avg −2.555% → +0.110% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$17−0.17%+ Points / potential airdropTxFlow: points · farm boardcosts unknown: book too thin at $10k · What 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−2.445%
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
/8hPUMP on 48 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage$500 + $182SunX 20x, TxFlow 55x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$2.05Long SunX: 6 payments, −$3.00; short TxFlow: 24 payments, +$0.95.
- OK: Entry gap works for you−2.445% vs −2.555%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$10K vs $713K OISunX 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 legSunX No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0134%/8h × 21 periods−$28.13
Price spread−2.445% → −2.555% (7d avg)+$11.01
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee SunX bp × 2 orders−$8.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: SunX: live order book, 33 min ago; TxFlow: live order book, 40 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX253.66doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTTxFlow1.175.7 bp−$68.4 bp−$8432.4 bp−$3,236193.3 bp−$96.7K
Closing costs about the same again.
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