Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 22.270 | +0.0100 | pay 0.0013% / 1h | 53m 15s | $230K | $598K | 20x | Long TxFlow5% off | |
| SHORT | 22.306 | +0.0323 | get 0.0040% / 1h | 53m 15s | $13K | $130K | 5x | Short Phoenix |
Price gap+0.162%
Funding gap+0.0223% /8h
Funding trade: +$7 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 forecastFunding+$17+0.0223% /8h now · paid +0.165% over the last 7D
Price−$2spread +0.162% now, avg +0.177% → −0.015% if it goes back
Costs−$770.769% of $10k · taker + slippage, in and out
Result−$62−0.62%+ 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+0.162%
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
/8hVVV on 36 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Watch: Thin at this size20.0 / 19.9 bpAt $10k entering TxFlow costs 20.0 bp, fee and slippage, 1.0× Phoenix’s.
- Note: Margin at max leverage$500 + $2,000TxFlow 20x, Phoenix 5x. 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: +$6.68Long TxFlow: 24 payments, −$3.00; short Phoenix: 24 payments, +$9.68.
- Note: Gap at its usual level+0.162% vs +0.177%The price leg adds little either way.
- Watch: Short leg is thinner$13K vs $230K OIPhoenix sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legTxFlow No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0079%/8h × 21 periods+$16.53
Price spread+0.162% → +0.177% (7d avg)−$1.54
Slippage, 4 orderslive order books−$60.87
Fee TxFlow bp × 2 orders−$9.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$61.88
Costs to cover0.769%Break-even33.2 days
Slippage: TxFlow: live order book, 38 min ago; Phoenix: live order book, 53 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow2.6520.0 bp−$2060.3 bp−$603doesn’t fitdoesn’t fit
SELL · SHORTPhoenix3.0719.9 bp−$2058.0 bp−$580doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-29 13:21 | Orderly | Listing | Another one hits the order book 🟣 $VVV, the native token of @AskVenice, is now LIVE as a perp on Orderly Go long or short across 500+ Orderly-powered DEXs @OrderlyNetwork on X ↗ |
| 10-28 15:05 | Orderly | Listing | new market PERP_VVV_USDC_mythos ($VVV) seen by our collector |
| 10-26 07:15 | AZverse | Listing | new market vvv_usdt ($VVV) seen by our collector |
| 10-01 00:11 | Derive | Token | September at Derive: ➤ Leadership. @APvanvoorhees joined as Chief Legal and Compliance Officer, bringing 20+ years in capital markets and derivatives law. ➤ Record month. $1.7B in a week, $4.8B for September. ➤ New markets. LIT, PUMP and VVV markets went live, with liquidity ramping ahead of V3. ➤ Governance. Proposals went live for the V3 launch and increasing the share of protocol revenue allocated to $DRV buybacks from 35% to 50%. ➤ fomo. Derive joined @fomo, giving users another way to follow our updates. ➤ Bitvavo listing. $DRV went live for eligible users in supported regions. Next: Derive V3. @DeriveXYZ on X ↗ |
| 09-23 15:23 | Perpl | Listing | You can now trade $VVV with up to 3x leverage. For the next 24 hours, $1,000 in extra mPoints will be allocated to traders in proportion to their volume on the pair. @perpltrade on X ↗ |
| 09-23 15:22 | Perpl | Listing | new market VVV ($VVV) seen by our collector |

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