Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1763 | 0 | 0.0000% / 1h | 58m 50s | $489K | $96K | 25x | Long Deribit | |
| SHORT | 0.1761 | +0.0100 | get 0.0013% / 1h | 58m 50s | $305K | $68K | 25x | Short TxFlow5% off |
Price gap−0.130%
Funding gap+0.0100% /8h
Both sides work: funding pays +$3 a day on $10k, and the gap is 0.054% above its 7d average: +$5 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$75+0.0100% /8h now · paid −0.749% over the last 7D
Price+$5spread −0.130% now, avg −0.185% → +0.054% if it goes back
Costs−$530.531% of $10k · taker + slippage, in and out
Result−$122−1.22%+ 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−0.130%
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
/8hWIF on 33 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size17.5 / 7.3 bpAt $10k entering Deribit costs 17.5 bp, fee and slippage, 2.4× TxFlow’s.
- Note: Margin at max leverage$400 + $400Deribit 25x, TxFlow 25x. 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: +$3.00Long Deribit: 24 payments, $0.00; short TxFlow: 24 payments, +$3.00.
- OK: Entry gap works for you−0.130% vs −0.185%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$305K vs $489K OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCDeribit Yes · TxFlow NoID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0356%/8h × 21 periods−$74.86
Price spread−0.130% → −0.185% (7d avg)+$5.44
Slippage, 4 orderslive order books−$37.06
Fee Deribit bp × 2 orders−$7.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$122.48
Costs to cover0.531%Break-evennever at this rate
Slippage: Deribit: live order book, 30 min ago; TxFlow: live order book, 29 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGDeribit2.8517.5 bp−$17146.4 bp−$1,464doesn’t fitdoesn’t fit
SELL · SHORTTxFlow2.857.3 bp−$710.8 bp−$10884.3 bp−$8,427doesn’t fit
Closing costs about the same again.
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