Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
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
My profile →
My profile
Funding arb · Price arb / Crypto

XPL

All XPL markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
PhoenixXPL
0.07157+0.0335pay 0.0042% / 1h42m 29s$364K$25K10xLong Phoenix
SHORT
TxFlowXPL-USDC
0.07135−0.0154pay 0.0019% / 1h42m 29s$275K$240K25xShort TxFlow5% off
Price gap−0.307%59s
Funding gap−0.0489% /8h

Both sides work against this direction now: funding costs $15 a day on $10k and the gap is 0.029% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$83−0.0489% /8h now · paid −0.826% over the last 7D
Price—spread −0.307%59s now · prices read too far apart to compare
Costs−$600.596% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropTxFlow: points · farm boardneeds both prices read together

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−0.307%
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

XPL on 34 exchanges

lowest funding first

Before you open

3 ok · 3 to watch
  • Watch: Thin at this size19.3 / 8.5 bp
    At $10k entering Phoenix costs 19.3 bp, fee and slippage, 2.3× TxFlow’s.
  • Note: Margin at max leverage$1,000 + $400
    Phoenix 10x, TxFlow 25x. 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: −$14.68Long Phoenix: 24 payments, −$10.06; short TxFlow: 24 payments, −$4.63.
  • Watch: Prices read 59 s apart−0.307% vs −0.278%
    Part of this gap may be the market moving.
  • Watch: Short leg is thinner$275K vs $364K OI
    TxFlow sets your exit cost. Check its book before closing.
  • OK: Points on a legTxFlow points
    Volume here counts toward the points program.
  • OK: No KYC on either legPhoenix No · TxFlow No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0393%/8h × 21 periods−$82.60
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$43.55
Fee Phoenix bp × 2 orders−$7.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$142.15
price spread not counted: prices read too far apart
Costs to cover0.596%Break-evennever at this rate
Slippage: Phoenix: live order book, 51 min ago; TxFlow: live order book, 50 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPhoenix1.3819.3 bp−$1964.7 bp−$647doesn’t fitdoesn’t fit
SELL · SHORTTxFlow3.478.5 bp−$921.1 bp−$211204.7 bp−$20.5Kdoesn’t fit

Closing costs about the same again.

Alert