Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.2925 | +0.0962 | pay 0.0120% / 1h | 27m 48s | $48K | $234K | 10x | Long Aftermath Perps5% off | |
| SHORT | 1.2938 | +0.0100 | get 0.0013% / 1h | 27m 48s | $1.0M | $1.0M | 50x | Short TxFlow5% off |
Price gap+0.103%
Funding gap−0.0862% /8h
The gap pays +$21 on $10k if it goes back to its 7d average, but funding costs $26 a day and eats that in about 19 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$177−0.0862% /8h now · paid −1.766% over the last 7D
Price+$21spread +0.103% now, avg −0.103% → +0.205% if it goes back
Costs−$330.333% of $10k · taker + slippage, in and out
Result−$189−1.89%+ 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+0.103%
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
/8hXRP on 52 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- Watch: Large against open interest12.7 / 4.9 bp$10k is over 10% of Aftermath Perps’s open interest.
- Note: Margin at max leverage$1,000 + $200Aftermath Perps 10x, TxFlow 50x. 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: −$25.85Long Aftermath Perps: 24 payments, −$28.85; short TxFlow: 24 payments, +$3.00.
- OK: Entry gap works for you+0.103% vs −0.103%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$48K vs $1.0M OIAftermath Perps 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 legAftermath Perps No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0841%/8h × 21 periods−$176.59
Price spread+0.103% → −0.103% (7d avg)+$20.53
Slippage, 4 orderslive order books−$15.28
Fee Aftermath Perps bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$189.33
Costs to cover0.333%Break-evennever at this rate
Slippage: Aftermath Perps: live order book, 52 min ago; TxFlow: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAftermath Perps3.6712.7 bp−$13doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTTxFlow0.394.9 bp−$55.1 bp−$518.5 bp−$85524.6 bp−$12.3K
Closing costs about the same again.
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