Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 198.86 | +0.0132 | pay 0.0016% / 1h | 44m 04s | $54K | $345K | 50x | Long TxFlow5% off | |
| SHORT | 199.12 | +0.0100 | get 0.0100% / 8h | 6h 44m | — | $550K | 10x | Short SunX≤10% back |
Price gap+0.131%
Funding gap−0.0032% /8h
Funding costs $1 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$6−0.0032% /8h now · paid +0.061% over the last 7D
Price+$1spread +0.131% now, avg +0.118% → +0.013% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$7+0.07%+ 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+0.131%
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
/8hQNT on 20 exchanges
lowest funding firstBefore you open
2 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$200 + $1,000TxFlow 50x, SunX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.96Long TxFlow: 24 payments, −$3.96; short SunX: 3 payments, +$3.00.
- Note: Gap at its usual level+0.131% vs +0.118%The price leg adds little either way.
- Watch: Short leg is thinner— vs $54K 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 legTxFlow No · SunX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0029%/8h × 21 periods+$6.08
Price spread+0.131% → +0.118% (7d avg)+$1.28
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee TxFlow bp × 2 orders−$9.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: TxFlow: live order book, 62 min ago; SunX: live order book, 57 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow1.269.8 bp−$1020.5 bp−$205184.6 bp−$18.5Kdoesn’t fit
SELL · SHORTSunX900.26doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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