Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 5.3070 | +0.0100 | pay 0.0013% / 1h | 52m 59s | $5K | $150K | 50x | Long TxFlow5% off | |
| SHORT | 5.3260 | +0.0100 | get 0.0100% / 8h | 7h 52m | $1K | $1.8M | 20x | Short SunX≤10% back |
Price gap+0.358%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$18 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$50.0000% /8h now · paid +0.046% over the last 7D
Price+$18spread +0.358% now, avg +0.177% → +0.181% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$23+0.23%+ Points / potential airdropTxFlow: points · farm boardcosts unknown: book too thin at $10k · What 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+0.358%
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
/8hZEN on 17 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage$200 + $500TxFlow 50x, SunX 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long TxFlow: 24 payments, −$3.00; short SunX: 3 payments, +$3.00.
- OK: Entry gap works for you+0.358% vs +0.177%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$1K vs $5K OISunX 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 · SunX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0022%/8h × 21 periods+$4.63
Price spread+0.358% → +0.177% (7d avg)+$18.09
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee TxFlow bp × 2 orders−$9.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: TxFlow: live order book, 64 min ago; SunX: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow0.9323.1 bp−$23101.7 bp−$1,017doesn’t fitdoesn’t fit
SELL · SHORTSunX491.89doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.