Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,224.8 | +0.0065 | pay 0.0008% / 1h | 52m 59s | $1.1M | $1.5M | 50x | Long TxFlow5% off | |
| SHORT | 1,228.6 | −0.0004 | 0.0000% / 1h | 52m 59s | $4.3M | $468K | 10x | Short Phoenix |
Price gap+0.310%
Funding gap−0.0069% /8h
The gap pays +$17 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 8.1 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$11−0.0069% /8h now · paid −0.113% over the last 7D
Price+$17spread +0.310% now, avg +0.144% → +0.166% if it goes back
Costs−$280.276% of $10k · taker + slippage, in and out
Result−$22−0.22%+ 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+0.310%
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
/8hZEC on 51 exchanges
lowest funding firstBefore you open
5 ok · 0 to watch- OK: Fits both order books6.5 / 7.9 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- 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: −$2.06Long TxFlow: 24 payments, −$1.94; short Phoenix: 24 payments, −$0.12.
- OK: Entry gap works for you+0.310% vs +0.144%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Long leg is thinner$1.1M vs $4.3M OIBoth legs are deep; TxFlow is the smaller one.
- 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−0.0054%/8h × 21 periods−$11.32
Price spread+0.310% → +0.144% (7d avg)+$16.58
Slippage, 4 orderslive order books−$11.55
Fee TxFlow bp × 2 orders−$9.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$22.29
Costs to cover0.276%Break-evennever at this rate
Slippage: TxFlow: live order book, 5 min ago; Phoenix: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow0.326.5 bp−$67.5 bp−$7514.0 bp−$1,40257.4 bp−$28.7K
SELL · SHORTPhoenix1.547.9 bp−$815.5 bp−$155117.8 bp−$11.8Kdoesn’t fit
Closing costs about the same again.
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