Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004851 | +0.0100 | pay 0.0013% / 1h | 58m 00s | $37K | $53K | 40x | Long TxFlow5% off | |
| SHORT | 0.000004859 | +0.0100 | get 0.0100% / 8h | 3h 58m | $2.0M | $1.8M | 50x | Short Phemex |
Price gap+0.165%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$16 on $10k if the gap goes back to zero (no 7-day history yet).
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$140.0000% /8h now · paid +0.139% over the last 7D
Price—spread +0.165% now · no price history on both exchanges yet
Costsno datano order book for TxFlow
Result, before costs—+ Points / potential airdropTxFlow: points · farm boardneeds both price histories
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+0.165%
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
/8hSHIB on 31 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Note: Order book unknown—No order-book sample for TxFlow: its slippage is not counted.
- Note: Margin at max leverage$250 + $200TxFlow 40x, Phemex 50x. 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: $0.00Long TxFlow: 24 payments, −$3.00; short Phemex: 3 payments, +$3.00.
- Note: No 7-day spread history+0.165%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$37K vs $2.0M 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 · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0066%/8h × 21 periods+$13.86
Price spread+0.165% → 0+$16.49
Slippage, 4 ordersno data for TxFlow—
Fee TxFlow bp × 2 orders−$9.00
Fee Phemex bp × 2 orders−$12.00
Net, fees only · 7 days · $10k+$9.35
Costs to cover0.210%Break-even2.3 days
Slippage: TxFlow: no order-book sample; Phemex: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow—————
SELL · SHORTPhemex1.0311.6 bp−$1243.0 bp−$430doesn’t fitdoesn’t fit
Closing costs about the same again.
TxFlow: no data.
dYdX
Phoenix