Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1837 | +0.0910 | pay 0.0114% / 1h | 59m 16s | $4K | $132K | 10x | Long Injective | |
| SHORT | 0.1834 | −0.0155 | pay 0.0019% / 1h | 59m 16s | $298K | $60K | 25x | Short TxFlow5% off |
Price gap−0.185%
Funding gap−0.1065% /8h
Both sides work against this direction now: funding costs $32 a day on $10k and the gap is 0.033% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$154−0.1065% /8h now · paid −1.544% over the last 7D
Price−$3spread −0.185% now, avg −0.151% → −0.033% if it goes back
Costs−$860.855% of $10k · taker + slippage, in and out
Result−$243−2.43%+ 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−0.185%
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 size36.7 / 7.2 bpAt $10k entering Injective costs 36.7 bp, fee and slippage, 5.1× TxFlow’s.
- Note: Margin at max leverage$1,000 + $400Injective 10x, 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: −$31.96Long Injective: 24 payments, −$27.29; short TxFlow: 24 payments, −$4.66.
- Watch: Gap narrower than usual−0.185% vs −0.151%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$4K vs $298K OIInjective 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 legInjective No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0735%/8h × 21 periods−$154.40
Price spread−0.185% → −0.151% (7d avg)−$3.35
Slippage, 4 orderslive order books−$76.50
Fee Injective bp × 2 orders−$0.02
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$243.27
Costs to cover0.855%Break-evennever at this rate
Slippage: Injective: live order book, 59 min ago; TxFlow: live order book, 58 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGInjective27.2936.7 bp−$37doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTTxFlow2.737.2 bp−$716.4 bp−$164108.9 bp−$10.9Kdoesn’t fit
Closing costs about the same again.
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