Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.8223 | +0.0100 | pay 0.0013% / 1h | 25m 14s | $94K | $205K | 20x | Long TxFlow5% off | |
| SHORT | 1.8219 | −0.0350 | pay 0.0175% / 4h | 2h 25m | $6.5M | $12.6M | 75x | Short Binance |
Price gap−0.023%
Funding gap−0.0450% /8h
Both sides work against this direction now: funding costs $14 a day on $10k and the gap is 0.071% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$119−0.0450% /8h now · paid −1.188% over the last 7D
Price−$7spread −0.023% now, avg +0.047% → −0.071% if it goes back
Costs−$650.650% of $10k · taker + slippage, in and out
Result−$191−1.91%+ 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−0.023%
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
1 ok · 5 to watch- Watch: Thin at this size18.6 / 12.3 bpAt $10k entering TxFlow costs 18.6 bp, fee and slippage, 1.5× Binance’s.
- Note: Margin at max leverage$500 + $133TxFlow 20x, Binance 75x. 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: −$13.51Long TxFlow: 24 payments, −$3.00; short Binance: 6 payments, −$10.51.
- Watch: Gap narrower than usual−0.023% vs +0.047%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$94K vs $6.5M 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 · Binance YesVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0566%/8h × 21 periods−$118.78
Price spread−0.023% → +0.047% (7d avg)−$7.05
Slippage, 4 orderslive order books−$45.98
Fee TxFlow bp × 2 orders−$9.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$190.81
Costs to cover0.650%Break-evennever at this rate
Slippage: TxFlow: live order book, 21 min ago; Binance: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow1.9118.6 bp−$19208.5 bp−$2,085doesn’t fitdoesn’t fit
SELL · SHORTBinance0.2712.3 bp−$1224.6 bp−$246185.7 bp−$18.6Kdoesn’t fit
Closing costs about the same again.
Phoenix