Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.8382 | +0.0100 | pay 0.0050% / 4h | 2h 53m | — | $1.3M | 10x | Long SunX≤10% back | |
| SHORT | 1.8329 | +0.0100 | get 0.0013% / 1h | 53m 04s | $93K | $176K | 20x | Short TxFlow5% off |
Price gap−0.288%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 0.083% under its 7d average: the price leg works against you, −$8 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$80.0000% /8h now · paid −0.084% over the last 7D
Price−$8spread −0.288% now, avg −0.205% → −0.083% 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−0.288%
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
/8hRAY on 20 exchanges
lowest funding firstBefore you open
2 ok · 4 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$1,000 + $500SunX 10x, TxFlow 20x. 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: $0.00Long SunX: 6 payments, −$3.00; short TxFlow: 24 payments, +$3.00.
- Watch: Gap narrower than usual−0.288% vs −0.205%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner— vs $93K 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−0.0040%/8h × 21 periods−$8.35
Price spread−0.288% → −0.205% (7d avg)−$8.32
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, 12 min ago; TxFlow: live order book, 56 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX900.35doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTTxFlow1.3724.8 bp−$25doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Phoenix