Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.3786 | +0.0100 | pay 0.0013% / 1h | 53m 17s | $272K | $575K | 50x | Long TxFlow5% off | |
| SHORT | 0.3798 | +0.0063 | get 0.0008% / 1h | 53m 17s | $5K | $108K | 10x | Short Phoenix |
Price gap+0.320%
Funding gap−0.0037% /8h
The gap pays +$32 on $10k if it goes back to zero (no 7-day history yet), but funding costs $1 a day and eats that in about 29 days. At the last 7 days' pace that is about 5 months.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$2−0.0037% /8h now · paid −0.015% over the last 7D
Price—spread +0.320% now · no price history on both exchanges yet
Costs−$520.518% of $10k · taker + slippage, in and out
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+0.320%
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
/8hWLD on 43 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Watch: Thin at this size5.8 / 19.5 bpAt $10k entering Phoenix costs 19.5 bp, fee and slippage, 3.4× TxFlow’s.
- Note: Margin at max leverage$200 + $1,000TxFlow 50x, Phoenix 10x. 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: −$1.12Long TxFlow: 24 payments, −$3.00; short Phoenix: 24 payments, +$1.88.
- Note: No 7-day spread history+0.320%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$5K vs $272K 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−0.0007%/8h × 21 periods−$1.50
Price spread+0.320% → 0+$31.96
Slippage, 4 orderslive order books−$35.84
Fee TxFlow bp × 2 orders−$9.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$21.38
Costs to cover0.518%Break-evennever at this rate
Slippage: TxFlow: live order book, 38 min ago; Phoenix: live order book, 57 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow1.305.8 bp−$610.3 bp−$10336.9 bp−$3,686234.8 bp−$117.4K
SELL · SHORTPhoenix3.1019.5 bp−$2057.0 bp−$570doesn’t fitdoesn’t fit
Closing costs about the same again.
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