Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.8152 | +0.0100 | pay 0.0013% / 1h | 41m 56s | $93K | $205K | 20x | Long TxFlow5% off | |
| SHORT | 1.8173 | +0.0024 | get 0.0003% / 1h | 41m 56s | $198K | $136K | 10x | Short Kraken Futures |
Price gap+0.117%
Funding gap−0.0076% /8h
Funding costs $2 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−$118−0.0076% /8h now · paid −1.184% over the last 7D
Price−$1spread +0.117% now, avg +0.126% → −0.009% if it goes back
Costs−$700.698% of $10k · taker + slippage, in and out
Result−$189−1.89%+ 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+0.117%
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 · 3 to watch- Watch: Thin at this size18.6 / 14.2 bpAt $10k entering TxFlow costs 18.6 bp, fee and slippage, 1.3× Kraken Futures’s.
- Note: Margin at max leverage$500 + $1,000TxFlow 20x, Kraken Futures 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$2.28Long TxFlow: 24 payments, −$3.00; short Kraken Futures: 24 payments, +$0.72.
- Note: Gap at its usual level+0.117% vs +0.126%The price leg adds little either way.
- Watch: Long leg is thinner$93K vs $198K 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 · Kraken Futures YesFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0564%/8h × 21 periods−$118.41
Price spread+0.117% → +0.126% (7d avg)−$0.89
Slippage, 4 orderslive order books−$50.85
Fee TxFlow bp × 2 orders−$9.00
Fee Kraken Futures bp × 2 orders−$10.00
Net · 7 days · $10k−$189.15
Costs to cover0.698%Break-evennever at this rate
Slippage: TxFlow: live order book, 65 min ago; Kraken Futures: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow1.9118.6 bp−$19208.5 bp−$2,085doesn’t fitdoesn’t fit
SELL · SHORTKraken Futures4.4014.2 bp−$1466.2 bp−$662doesn’t fitdoesn’t fit
Closing costs about the same again.
Phoenix