Settings8H · net · $10k
LanguageThe language of the site
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FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

VIRTUAL

All VIRTUAL markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
TxFlowVIRTUAL-USDC
0.6283−0.0346get 0.0043% / 1h20m 32s$40K$112K50xLong TxFlow5% off
SHORT
BackpackVIRTUAL_USDC_PERP
0.6293+0.0100get 0.0013% / 1h20m 32s$255K$19K10xShort Backpack
Price gap+0.159%
Funding gap+0.0446% /8h

Funding trade: +$13 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$46+0.0446% /8h now · paid +0.465% over the last 7D
Price+$1spread +0.159% now, avg +0.150% → +0.010% if it goes back
Costs−$390.387% of $10k · taker + slippage, in and out
Result+$9+0.09%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.159%
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

/8h

VIRTUAL on 34 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Large against open interest10.7 / 8.0 bp
    $10k is over 10% of TxFlow’s open interest.
  • Note: Margin at max leverage$200 + $1,000
    TxFlow 50x, Backpack 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$13.37Long TxFlow: 24 payments, +$10.37; short Backpack: 24 payments, +$3.00.
  • Note: Gap at its usual level+0.159% vs +0.150%
    The price leg adds little either way.
  • Watch: Long leg is thinner$40K vs $255K OI
    TxFlow sets your exit cost. Check its book before closing.
  • OK: Points on a legTxFlow points
    Volume here counts toward the points program.
  • Watch: KYCTxFlow No · Backpack Yes
    KYC (ID, face scan, residency and source of income) before any trading.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0221%/8h × 21 periods+$46.46
Price spread+0.159% → +0.150% (7d avg)+$0.95
Slippage, 4 orderslive order books−$19.67
Fee TxFlow bp × 2 orders−$9.00
Fee Backpack bp × 2 orders−$10.00
Net · 7 days · $10k+$8.73
Costs to cover0.387%Break-even5.7 days
Slippage: TxFlow: live order book, 32 min ago; Backpack: live order book, 38 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGTxFlow2.3910.7 bp−$1127.1 bp−$271doesn’t fitdoesn’t fit
SELL · SHORTBackpack0.808.0 bp−$8doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

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