Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.8234 | +0.0036 | pay 0.0005% / 1h | 34m 37s | $90K | $191K | 20x | Long TxFlow5% off | |
| SHORT | 1.8248 | −0.1382 | pay 0.0691% / 4h | 1h 34m | $5.9M | $2.2M | 25x | Short Bybit |
Price gap+0.077%
Funding gap−0.1419% /8h
Funding costs $43 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−$85−0.1419% /8h now · paid −0.848% over the last 7D
Price$0spread +0.077% now, avg +0.074% → +0.003% if it goes back
Costs−$710.708% of $10k · taker + slippage, in and out
Result−$155−1.55%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.848% in total, about −0.0404%/8h on average.
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+0.077%
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 19 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size25.7 / 13.4 bpAt $10k entering TxFlow costs 25.7 bp, fee and slippage, 1.9× Bybit’s.
- Note: Margin at max leverage$500 + $400TxFlow 20x, Bybit 25x. 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: −$42.56Long TxFlow: 24 payments, −$1.09; short Bybit: 6 payments, −$41.47.
- Note: Gap at its usual level+0.077% vs +0.074%The price leg adds little either way.
- Watch: Long leg is thinner$90K vs $5.9M 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 · Bybit YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0404%/8h × 21 periods−$84.75
Price spread+0.077% → +0.074% (7d avg)+$0.26
Slippage, 4 orderslive order books−$50.83
Fee TxFlow bp × 2 orders−$9.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$155.33
Costs to cover0.708%Break-evennever at this rate
Slippage: TxFlow: live order book, 15 min ago; Bybit: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow1.3725.7 bp−$26doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit0.8213.4 bp−$1340.6 bp−$406doesn’t fitdoesn’t fit
Closing costs about the same again.
Phoenix